Partnership wanted from Oct

[texana]

Hi ! I am a swede 39 years old that plans to move to HH in Oct. Well i must have something to live on so i wonder if anyone has a business i can join ? not a bar.Right now i work at a finance dep in Sweden and have university studies in finance. I can invest max 1000000 B but i am open for everything, i also need at least a net profit after tax/year of 700000 B so i can live ok.I am planning to visit HH again in June or July. If you have anything or know someone who has please send business info to my email with pics, and financial figures to lekman762000@yahoo.se

Regards
Lars

[Pagey]

If I have done my exchange rate conversion right you want to invest less than 15, 000 sterling and make 10,000 sterling per year ?

I think we would all like a piece of that action ?? If you find that kind of opportunity then let me know.

I have around 100,000 sterling to invest in a business if anyone has any suggestions ?

[Perente]

Never mind the exchange rates. If anyone knows of any business that produces 70% return please post all the details as soon as possible. We ALL want a piece of that !!!

[PeteC]

I have around 100,000 sterling to invest in a business if anyone has any suggestions ?

I can get you as many beer bars here in Pattaya and surrounding areas as you would like. Maybe even a pole parlor with existing wind up staff as well.....LOL. Pete

[texana]

Well if you look at sunbeltasia, there is many companies with this kind of profits. Administrator this is no commercial reply from sunbelt just wanted to answer the ones above. For example they have a restaurant for sale at 900000 B with annual profit before taxes of 1200000 B so that i guess after tax would be 800-900000 B profit or ? Unfortunately it´s not in HH but in Chiang mai.
Regards
Lars

[lomuamart]

I'm sure there are plenty of places making that kind of profit on sales, but I would ask myself why the asking price is 900K in this instance?
If it was mine, I'd be wanting a much higher price, based on, say, "x" times the annual profit. I'm a bit out of touch with this type of business, so maybe the going rate is 1 times the profit, but I'd have thought 2-3 times would be more realistic.
In any case, if you're taking all your profit out of the business for living, you'll be relying on the resale value to realise you any return on your investment. I'm sure a lot of places do just that. Now if you're lucky enough to have a business that has paid for itself (ie you've recouped your initial investment as well as lived off the place) within a few years, you're sitting on a goldmine.
There are plenty of businesses around that are not formed as companies to avoid higher rates of tax, especially if a westerner is involved with it. In these cases, it's not unknown for them to keep up to three sets of books. One for them - the "true" - one, one for the tax man (if at all) and one for prospective purchasers. Admittedly, these will generally be "smaller" type businesses, but with the prices now in HH, 1 million won't buy you into the Hilton anyway.

[JW]

Having a laugh me thinks. Good luck.

[Pagey]

Pete (prcscct)

Most of my postings on this board have been about working/retiring to Thailand and how expats make a living, ie do they work or are they living off their interest/investment.

I came to the conclusion that I could not buy a profitable business because of the pitfalls ie work visas, corrupt police etc. so trying to save enough to live on my interest.

I wanted a franchise or buy a business where I could let Thai girls mainly work there with me popping in at lunchtime when I woke up !! I don't want to stop work altogether as I am only 45.

Don't think I want to get in to the bar scene though but if you have any serious info on businesses perhaps you can get in touch ?

Texana, I will look at Sunbeltasia, thanks.

[JW]

The major problem with setting up business here is staff, in my opinion. Pretty much every business here struggles to get well educated, intelligent staff, and keeping them - thats another battle. Its just the culture difference - thai people (in general) think very short term, i guess because of the large scale lack of wealth, the chance of a few baht more, in the short term makes more sense than working to a position where more money comes easily with a little patience.
Very frustrating, i am sure anyone who has run a business of any kind - bar, restaurant etc will have had experiences on this front.

[Farang]

'
I have a great business venture for all of you who’d like to make an awful lot
of money with no risk, work or competence involved. Here’s how it goes:

1. Everyone sends me tons (metric) and tons and tons of money.
2. With the money we’ll buy a bridge.
3. We’ll drop the bridge in place between Hua Hin and Pattaya.
4. We charge everyone using the bridge a lot of money.
5. We all became filthy rich.

Send the money soon. There’s a good second-hand bridge for sale in Brooklyn.
__________________________
dleam on!

[Norseman]

[quote="Farang"]
There’s a good second-hand bridge for sale in Brooklyn.
__________________________

Too short farang!!
Maybe The Lake Pontchartrain Causeway Bridge in Louisiana would do?

[PeteC]

Pete (prcscct)

Most of my postings on this board have been about working/retiring to Thailand and how expats make a living, ie do they work or are they living off their interest/investment.

I came to the conclusion that I could not buy a profitable business because of the pitfalls ie work visas, corrupt police etc. so trying to save enough to live on my interest.

I wanted a franchise or buy a business where I could let Thai girls mainly work there with me popping in at lunchtime when I woke up !! I don't want to stop work altogether as I am only 45.

Don't think I want to get in to the bar scene though but if you have any serious info on businesses perhaps you can get in touch ?

Texana, I will look at Sunbeltasia, thanks.

Thanks Pagey. I was just throwing out a bit of humor (as usual). The guys who buy bars here (Pattaya) perhaps 1 in 20 are still solvent after two years. There are business opportunities here though. Sunbelt has listings as one has someone mentioned. Also, check out Evans Marketing at www.evans-marketing.com.

I am not asociated with them in any way. Have simply seen some of the businesses they have for sale in various publications. Good luck! Pete

[lomuamart]

There you go, OP.
Seems that your dreams might be pie in the sky.
As others have said, good luck if you venture forward. There's nothing wrong with having a go, but you have been advised.

[Guess]

I have heard these stories before about massive returns on investments here in Thailand. When you ask these Franchisors to provide the evidence all they can do is give you a number to ring where somebody confirms what you have been told. If these returns are possible mwhy is it that large slick corporates with training facilities and slick business skills still make losses. Tesco, Carrefour, Big C, Boots and Marriot have all posted losses in the last ten years.

The rule of thumb here is to find a business that grosses (total takings) annually about the same amount that you have invested. You then have to ensure that your overheads do not excede your takings and you are in profit. The trick is to manage your overheads cleverly and pay special attention to the pitfalls that JW has mentioned.

If you get past the first year barrier and have not made a loss then you have done well. It can only get better after that.

Depending on the type of business that you set up you may be able to achieve 30% net. This way you will just about get ROI of considerably over base rate but maybe lower than a simple property or land purchase. Assuming that you can take out a further lease on your premises without further key money payments and a rent hike you will be able to make a meagre living.

All of this assumes that you have business experience, can learn quickly from experience and are prepared to accept the Thai culture and MO and adapt to it rather than trying to expect Thai people to adopt your methods.

In my experience for every ten farang entrepeneurs that make a profit here in Thailand there are ten that do not.

A bit cynical maybe but I can't help remembering the Pattaya hypothesis. If you want to make a small fortune here in Thailand then start off with a large one.

[Farang]

Too short farang!!

You talk like all the girls I've known.
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lok'n'loll!