Originally Posted by Soopafly (Post 9018403)

Last year I saw this FL for about three months! She's my top three bonks...https://dl.dropboxusercontent.com/u/..._nosebleed.gif

https://dl.dropboxusercontent.com/u/65003741/Ng.gif

Originally Posted by mutantchicken (Post 9014268)

the area around cho pham van hai is full of hj bj places whereas dist 10 has less and due to the proximity its actually a higherclass area, so unless your trying to con someone who has never been to hcmc, there is NO WAY thats cho pham van hai has more of a better location than dist 10, and factor in the abundance of competition, i call this a bad offer

LETS do quick on the napkin analysis, 22k = 440mill if im not wrong

u have 11gals..lests say they do on avergae 4 customers and that semes to be what i see, ofcouse teh cute young ones take more and ilderones take less but lets average it...ie 44 customers a day, factor in the high turnover of gals, weekend and raining seasons which generally would reduce income, but lets give him the benefit of doubts, and lest not even use the going rate of 60-80/140-120 split in favour of the gal, but use the 100/100 split. Now that gives the owner effectivel 4.4 mill a day, times by 30days and thats a absolutely max of 132mill a month..lest keep it simple and make the numbers simple buy reducing that number to be conservative and say the income is 120mill a month.
So now is he saying thats on a income of 120mill a month the landlord and cong an would only ask for a 500k rent/fee?
The usual rent for something that has street frontage and of that size would be colse to 20-30mill, and a residential house would use 2mill in electricity so minimun would be 5mill for a place that boards 11 girls and uses aircon etc etc. So that income is now closer to 90mill. The corporate tax rate is 25%, so it would be hard to evisage thats between cong an AND the tax guy that comes around you would be able to reduce the administrative costs below 25% but lets give him the benefit of doubt so that 90mill is now reduced to 67mill..what about local gangsters? incidental costs like damaged fixtures and fittings?
Lets say best case scenario is 67mil a month, but dont for get that competition for good employees is hard, but lets say this income is stable for the immedicate future.
440mill divide by 67mill = 7 months before you even get your money back.
That by itself seems pretty good, BUT if you have been here as long as i have you will notice that such vice business get regularly raided, further if it is known that the owner or co owner is a foreigner, then it will be a bigger problem.
MY two cents

Originally Posted by BlownAway (Post 9014485)

Actually mutantchicken is right on the transfer fee of a FJ joint and it seems to me that you maybe someone I know. If you're the Viet Kieu on Honda SH, you've a reputation among girls including mine... ha ha ... Nonetheless, the 500k VND (US$25 only) is definitely not for everything lah! Any fool would know, maybe my English too lousy and have caused misunderstanding. I mean I paid an accountant to do employees' contract(s), so-called insurance & the nonsense paper work required for a company limited with 500k VND / month. You can forgo that and do everything yourself but for me I don't like shit work.

To mutantchicken: My rental is 24 million VND / month lah! Waolao! Is it now better for your understanding?! But I really like the way you calculated, very business orientated and you've the cue. In my own estimation, it'll take about 10 months for the investing buyer to make over. Oh! Oh! & one very important factor that in fact you remind me is:

It must be registered under a local even after transfer; So if you're a foreigner; you must register it under the name of your BX / ban gai / con gai or whatever you called them lah!

My own working girl offered me 300 million VND to take over; I kind of push off the offer. YES! Your feedback is appreciated and noted but price remains. Thank you ;)

Originally Posted by FeiGohGoh (Post 9018863)

the virgin website got exposure even in HK news ....

http://orientaldaily.on.cc/cnt/china...00180_010.html

Originally Posted by Singkieu (Post 9019167)

You estimate 10 months for the investing buyer to "make over", I take it you mean "break even"?

If so, by reverse calculation:

USD22k or VND440M/10 months = VND44M

In other words, your current net income after expenses is approx. VND44M/mth?

Originally Posted by hokwonping (Post 9020223)

You only pay respects to the dead.
Btw no one will help u unless u pay kopi money to the OKTs here. :D

Originally Posted by hokwonping (Post 9020223)

You only pay respects to the dead.
Btw no one will help u unless u pay kopi money to the OKTs here. :D

Originally Posted by deptrai4u (Post 9022110)

Still got time to post ah? hey, there is a knock on ur door, is it the police? Hihi!:D