Quote:
Originally Posted by botsonparty
70k is the business opportunity/furniture.
As the business always fail within 3~ months, he makes his money through the key money and charms unskilled hopeful entrepreneurs with low monthly rent.
The owner is living there with his family, but he's moving to another location. I forgot to mention it was a family run restaurant (indian-pakistani) and they live there, it's fairly big inside. So the risk is not that big because if it doesn't work we still have the rent 6k bath per month (big bedroom, kitchen, living area, etc). I already told him I want a year long contract and he's ok with that.
Seem like a honest guy, told us that opening a restaurant is not the greatest idea if we have no experience (a lot of work and regulation). He suggest that we either open a motorbike rental shop or massage shop, as they are easy to open. I think he is been honest. He also talk about outdoor BBQ at night, he said it should work there (making deal with the bar to deliver the meat).
It's on Loh Kroh Soi 1, i'm aware of the area, the place is surrounding by guesthouse, and on the main road there a lot of bar. It's a bit of a sexpat/degen area at night (the main road). But I see a good opportunity there, lots of tourist, cheap rent and can live there, don't have to rent 2 place.