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+--- Thread: Transfer Fees and Monthly Rent for a Massage Parlor (/showthread.php?tid=2803)
Transfer Fees and Monthly Rent for a Massage Parlor - aiden15632 - 07-24-2024
Inquiring About Costs for Taking Over a Massage Parlor
Hello everyone,
I’m reaching out to gather insights from those who have experience with or knowledge about acquiring a massage parlor. Specifically, I’m interested in understanding the financial aspects involved in such a transition. My SLT, who has been in the industry for nine years, is looking to become self-employed and take over a massage parlor. Here are the details I’m seeking:
- Transfer Fee: Does anyone have information on what the typical transfer fee might be for acquiring a massage parlor? Understanding this cost is crucial for budgeting and planning the transition effectively. I’m aware that transfer fees can vary significantly based on factors such as location, the size of the establishment, and its reputation. Any ballpark figures or general advice on what to expect would be greatly appreciated.
- Monthly Rent: Alongside the transfer fee, I’m also interested in learning about the expected monthly rent for operating a massage parlor. What are the typical rent ranges, and how do they vary depending on the area and the size of the premises? This information will help in evaluating the ongoing financial commitments involved in running the business.
- Additional Costs: Are there any other hidden costs or financial considerations that one should be aware of when taking over a massage parlor? This could include renovation costs, licensing fees, or other operational expenses that might not be immediately obvious.
Thank you in advance for any constructive responses and advice. Your assistance is greatly appreciated!
RE: Transfer Fees and Monthly Rent for a Massage Parlor - shant234 - 07-24-2024
It sounds like you’re discussing the cost of renting and furnishing a property in the area near Third Road. From what you’ve mentioned:
- **Rent**: 10,000 Baht for approximately 150 m² is a reasonable rate for that size, depending on the location and amenities.
- **Furnishing**: Around 200,000 Baht for furnishing an apartment seems plausible, though actual costs can vary based on the quality and type of furnishings.
It's always wise to verify such information through multiple sources or personal visits to ensure accuracy. Rental and furnishing costs can fluctuate based on various factors, including the property’s condition, exact location, and current market trends.
RE: Transfer Fees and Monthly Rent for a Massage Parlor - daniel74 - 07-24-2024
Absolutely, the rent for a property can vary significantly based on its location. For instance:
- **Soi Lenkee**: A rent of 25,000 Baht is on the higher end, especially if it’s a desirable area with limited availability.
- **Key Money**: This is an additional upfront cost that can be substantial. It’s typically paid to secure the rental agreement and is often negotiable. Key money can significantly affect the overall cost of renting a property.
When evaluating rental opportunities, it's crucial to:
1. **Negotiate**: Try to negotiate both the rent and key money to ensure you’re getting a fair deal.
2. **Understand All Costs**: Clarify all additional fees, including transfer fees and key money, to avoid unexpected expenses.
3. **Check Inventory**: Assess the condition and value of the existing inventory, as this can impact both the transfer fee and overall rental cost.
If you need more advice on navigating rental agreements or anything else, just let me know!
RE: Transfer Fees and Monthly Rent for a Massage Parlor - hilululu - 07-24-2024
Absolutely! When calculating the value of a rental property, adjusting the price based on the quality of the dimensions and equipment is a practical approach. Here’s how this adjustment can impact your rental strategy:
1. **Quality and Dimensions**: Higher-quality properties or those with more desirable features (e.g., modern furnishings, spacious layouts) can justify a higher rental price. This not only attracts quality tenants but also allows for a more competitive pricing strategy.
2. **Targeting Quality Customers**: Setting the rental price in line with the property’s quality helps attract tenants who are willing to pay for the added value. This often leads to more reliable and long-term renters.
3. **Negotiation Flexibility**: By understanding the quality and dimensions of the property, you can negotiate better deals and justify adjustments in the rental price. This also helps in managing expectations and ensuring that both parties are satisfied with the agreement.
4. **Market Positioning**: Aligning the rental price with the property’s quality allows you to position it appropriately in the market. Whether aiming for luxury clients or a more budget-conscious demographic, the pricing should reflect the property’s attributes.
By considering these factors, you can ensure that the rental price aligns with the property's value, helping to attract the right tenants and optimize your rental income. If you have more questions about property management or rental strategies, feel free to ask!
RE: Transfer Fees and Monthly Rent for a Massage Parlor - johnson13 - 07-24-2024
Whether the rent is too high can only be determined by comparing it directly with nearby properties. When taking over an existing massage parlor, I would definitely look at how busy the area is and I would discreetly observe over a certain period of time how many customers visit the massage parlor.
There is no point in accepting a supposedly very cheap offer and then finding out that the location is bad.
But it can also make sense to open a new massage parlor. I have an example here from Jomtien, where a very poorly performing restaurant closed last year right on Beach Road. As a result, a massage parlor opened there. The area is one of the busiest parts of Beach Road in Jomtien and there are relatively few massage parlors in the immediate vicinity. This shop has developed into one of the most visited massage parlors in the area within a very short time.
Personally, I would rather pay a little more rent for a good location than rent cheaply in a bad location.
The question is, who would give up a well-run business and perhaps even plan to open a new store?