They offered a 3-year lease at a fixed monthly rate with an option to renew. No key money as the former owner is no longer in business. The building has been empty for over a year. Owners are Chinese. a concern I have is they literally live next door to the building that they're trying to lease out. So if there's people staying at the hospital out at 2:00 or 3:00 in the morning talking, I'm worried that they might walk over and say shut up.

Thank you for bringing up a very long-term lease as I would not have thought about that.

@Peter ***********

thank you for that. I remember when I opened up my first retail business my friends and family were saying there's too much competition you're going to fail, you know it's just too hard to open up a business. People were telling me how 90% of businesses fail within the first two years. I told him I'm going to give it a chance and after about six months they saw how well I was doing and they stopped being negative about everything. I've helped my brother open up his own business in the United States and he never thought about that because he was always happy getting a regular paycheck and now he makes 10 times more than what he was doing working in a restaurant. A lot of people who speak negatively are people who have never tried opening up a business or are they just negative in general.

Thanks again for your input.

@Оливер ********

good for you. You are not my target customer. Plus you're making judgments without seeing what I have planned if I do take over this spot. With millions of potential tourists coming to Bangkok, all I need are 10 to 20 people per day. There will soon be more than enough business for everyone.

@Andy ********

as a person who has owned multiple retail businesses in the United States. Competition brings business especially if they're in the surrounding area. It would be up to me to make sure that this can thrive and I can find my own little niche. Even at 50% capacity at 500 baht per bed that would make more than enough to cover my expenses. Factor in selling bottles of beer and snacks. It can do very well

@Czarina *******************

the whole purpose of me posting here was to maybe find someone who has done this or is currently doing this as I was seeking advice. Some people just want to be internet comedians. I assume that's why they sometimes mock post.

Also it will be near impossible to find out how they were doing since they closed in August of 2020 due to covid.

@Оливер ********

that's not s lot.

@Giorgio *****

that's why I'm looking for advice.

@Giorgio *****

well now you know what I mean. Place has been empty for over a year now. That's why It' peaked my interest

@Giorgio *****

60,000 baht in rentl for the month. 20 beds and fully furnished already. It does seem like a good opportunity.

@Billy *****

I never understood why it's illegal yet stores continue to sell them.