Sunday, June 15, 2008
Dollhouse in Pattaya
Ken also is reportedly taking offers for Dollhouse, which he bought in 2006. Largely responsible for the revival of Walking Street, Dollhouse these days is more akin to a Doghouse. During a prime-time visit this week, only four other customers were in the bar on a day when 4,600 U.S. Navy personnel were in town.
Despite that, the bar is said to be profitable due to three very unique factors: It has no lease, no key money and absurdly low rent. Dollhouse sits downstairs from Marine Disco and Peppermint Palace on a large block of land given by The King to one of Pattaya oldest families. In return, the “Marine Family” allows two go-gos, the disco, various beer bars and a Muay Thai exhibition ring to operate there on just low monthly rents. With such low expenses, Dollhouse can be profitable on very little income. It’s said to make 200,000 a month in profit, giving it a sale price of about 6 million baht. So while Ken has it on the block, he’s not too concerned how long it takes to sell.
Posted by ArtTv at 12:10 PM