floridarob

Had that place on my list of places to visit, but never made it because I was always busy in my hotel room 😉

Maybe @Olddaddy should rethink wanting to buying a bar in Pattaya and consider a massage shop 😉

were you 15?

Been so long that I bought a bottle, I forgot all the particulars....I do have a bottle story though. In Pattaya, BBB when it was part of the hotel when Jim & Gordon were running it...they also did corkage, under the same terms as opening a bottle with a different fee. I asked if that's for any size bottle and they said yes, I had brought a 1.75 bottle of Bacardi with me from the US, something that the staff had never seen, and everyone was amazed, laughing at how big it was (size queens). But Hugh, the manager lived up to their word of allowing it in at the same price. He later told me that they had to hide it, because it lacked the Thai tax stamps and had an inspector or someone come in, they could've had problems. So in addition to buying bottles in the bars, I wonder of they do the same "open a bottle" like back then and at what cost?

No... it's just a balloon payment to the landlord in order to have a lower rent and they, the owner don't pay taxes on it apparently from all the threads I read... def a case of TIT is in play, lol

Times are different today, the world is a different place,,,,🤷‍♂️ Having been in Hotel management and owning my own restaurants, staying open means paying the bills, some people, even big places like Red Lobster go into quite a bit of debt, even if they are open. There's not the money people think there is in a single free standing rented location.....if you own the property, it makes a difference. Paying rent with nothing guaranteed beyond 1 year is a very uncertain investment. I spoke to him about a year ago or so and he was bragging about the sales numbers....which he did about his massage place too, lol

So they are on a year to year lease....? not very smart to invest/run any business, especially something you're going to pay 5 million baht for...curious to know what the payoffs are to the police or whoever else has their hand out.

Not sure why I didn't just Google it too 🤷‍♂️ Here is a post that's informative, along with all the other ones I saw.... so one of the unknowns is, how much longer left on the rental/lease contract....🤔 This is only relevant for tourist areas and a lot less for other areas. Try asking for a receipt for the keymoney in a tourist area. The landlord will laugh in your face. Tax is what he wants to avoid hence the 3 year contracts and keymoney. I know cases where the keymoney was the killer for the company after 3 years hard work. Be prepared to lose it all with only a 3 year contract. If you get an extension and with the same condition, you found a good landlord. If not .. TiT. Keymoney is an asset, one that gets smaller quickly with time. As such it is not worth anything to a business that wants to run longer than the rental contract. It is not an asset, it is a RISK! If you work hard and get a lot of return customers, which normally is a growing asset (goodwill), it will be worth nothing with a short lease contract. And i assume nobody wants to work hard and build a business and have the risk of losing it all because the landlord raises the keymoney to unpayable heights together with a large increase in the monthly rent. When you don't have a long contract, wait until the landlord has some personal problems, like a gambling debt or some new business that needs money quick. Don't let the landlords personal problems be your problems. Cover it in a contract and a long lease. If the landlord wants to cover the risk of the tenant running away, a larger deposit is a much better way. I'll give an example. Rent 10.000, 300.000 keymoney for a 3 year contract, 1 months rent in advance and 2 months deposit. You will have to pay 300.000 + 10.000 + 20.000 = 330.000 at the start of the contract. Instead offer 20.000 baht a month rent, no keymoney, 6 months rent in advance and 2 months deposit. Total at the start 180.000 baht. And try to go for a contract of at least 10 years. Then your hard work maybe pay off and you have some real assets to sell if you want to. This way you have 150.000 available for starting the business and half year time to pay the next 6 months rent. A much easier start and everything in the books for tax purposes. If the landlord is not interested, why should you be in the keymoney and 3 year contract case. Offering this is a good solution in the middle. I just suggest this because the OP wants to start a restaurant in a tourist spot, hardly comparable with a big mall or predominantly thai/thai business.

He is a Top...which are in danger of being extinct in the Gay world and highly sought after 😉

SO what is the Key money for...just like a balloon payment or something....I don't get it.?? However, I'm in Mexico and we have a version of this statement, but they've tried to emulate US regulations/procedures over the years , but I'm sure Thailand is over the top Many practices here can be an anathema to those brought up in more 'organised' societies'.

Doesn't the price increase once you cross S. Pattaya rd ?

This would be true For expats/visitors with foreign earnings, the BRL is at record lows..... from the locals standpoint, earning local currency, Brasil can be more expensive, depending on where and with whom they're living. 🙋‍♂️ Yet I continue go for the reasons I've listed below.....plus good shopping, if you're into that. I met him in SP briefly....he'll do fine and have fun.....restaurants, massage, decent/luxury hotels, massage, nice flights, overall safety perception Thailand wins. If you speak Portuguese, which he does, Brasil is AMAZING sex and tons of fun for an average of 1200 thb at today's exchange.... about the same in touristy Medellin, too.

SHHHHHHHHHHHHHHHHH 🥺

Doesn't count then, sorry 🤷‍♂️

Is what I say about Colombia and Brasil .....yet 🤷‍♂️

That's it. So within these amounts, it cover elec, water, trash....and maint of the bldg? Back to my original question: Anyone interested in forming a group to invest/run this place....or are there underlying upcoming events that we aren't aware of, like what happened to Soi Twilight🥺

He's chubby but not old or crazy obese....Australian guy that used to own a massage shop off of Soi Convent, can't think of the name right now. He made some money years ago in telecommunications supposedly and Bitcoin in the last few years. Seems to take care of the staff. I sill don't understand the payments 🤷‍♂️

what is "key money" once a year?

Because I've been to Jupiter, old and new.... never been to Pussy Galore 🙄

this is the image I see.... 🤷‍♂️

me too...what about the 5 million baht, is that in addition?

I don't go to Pussy Galore either ....🤷‍♂️ I went a couple of years ago with a friend from NYC, he said was the worst of any of the go-go bars we went to..... I'm somewhat of a masochist, but not with my wallet. I've grown jaded with the go-go boys...I've been sticking to freelancers, massage and Alex's cousin at Hotmale downstairs

I was there recently, stayed at the Hilton Orchard...such a busy hotel no one noticed/cared who I was coming in with

how much?

I brought up years ago the idea of the gringos in the Brasil forum, pitching in to open a sauna, nothing ever came of it, obviously.... But here's a chance to do something in BKK.... who's in, can we get @Olddaddy to start it off?