Nana Plaza’s “high class” showbar Angelwitch is for sale.
A friend made discreet enquiries last night, but it seems they’re looking for something in the region of ฿40 million (approx. £625,000 or $1.25 million US), which is beyond the limit of even my ATM card.
That seems rather steep to me, but we’ll see what happens.
I’ve shagged loads of gogo girls, so I reckon I could run a bar no problem. Anyone want to lend me ฿40 million?
I wonder what the books read as far a monthly net income? I’m sure it would take many many years to reap the return of the investment…..
View all comments by Ma
Uh … anyone know how to become a millionaire in Thailand?
(Waits patiently …)
View all comments by Pants Elk
Start with ten million?
View all comments by Bangkok Bad Boy
“Invest ten million in a bar” I think is the scriptural text, but I’m allowing you the point.
View all comments by Pants Elk
who actually owns the bar? Is it that german bloke.. Or his err “mrs” or do they have a group of investors?
View all comments by MSB
Oh Boy, this’ll be good
When you consider all the front-of-house players: Matt, Matt’s Pim, Pim, Pim’s clan, Pimm’s Cup, Matt’s legal standing in Thailand, Nan Plaza’s current legal standing in Thailand and oh well, yeah, OK, Why not? David the Ravid ’s newly revealed web wizard skills. . . . . . This is all just too forking eye-feck-ing-ron-ic for words. . . . . . in a, um, strictly, er, low-budget, noir-ish, David Lynch sort of way.
View all comments by Prufrock
As a friend of mine (who shall remain nameless) said to me yesterday, the value at AngleWitch is Pim; so unless she is one of the assets in the sale, all you’re buying is an uncertain lease.
View all comments by werewolf
This is all just too forking eye-feck-ing-ron-ic for words. . . . . . in a, um, strictly, er, low-budget, noir-ish, David Lynch sort of way.
Yeah you have nailed this one Prufrock, its going to be fun…….
View all comments by Smiler
Do Thailand bar owners bang their own bar girl employees? And are boom boom test-drives by the owner mandatory on the intitial interviews with the ladys? I’ve always wanted to know….if so, maybe I’ll pay the 40 mil…
View all comments by Farang Ki-Nok
I believe “hands off the staff” is generally considered the first rule of running a bar…
View all comments by Bangkok Bad Boy
Ki Nok. I think most good bars would have a strict hands off policy. I once went into a bar in angeles city and was listening to the old, rude, fat, smelly bar owner talk about banging all his girls - I promptly left without finishing my drink.
Of course that is not to say bar owners have not done some “recruiting” or conduct proper exit interviews…
View all comments by Smitty
Some Thai bar owners take a Lily from each of there bars back to there home ranch once a year. Sounds like a lot of fun to me. There given a open choice with no comeback.
View all comments by Young Royal
This is so interesting. I met Matt and Pim before they moved to Pattaya and I knew Dave the Rave from when he was the manager at Hollywood II. I hear that Angelwitch in Pattaya is huge but I’ve never been there. I’ve been to Angelwitch in Nana Plaza many times but always leave when the shows start. I can only sit through the same shows so many times.
I think Angelwitch got better when it expanded but the last couple of years the bargirls have taken control and now the inmates are running the asylum. I liked it better before when the customer came (no pun intended) first and the “dancers” didn’t call the shots.
Angelwitch’s profits on the skid? No tears from me.
I have a friend who invested in Hollywood II two years ago and has yet to recoup his initial investment. Buyer beware! Unless you’re just in it for the prestige and don’t care about profits.
And YES the managers and owners do sample the wares if they’re so inclined. The girls haven’t completely taken over yet.
View all comments by kwai mai sabai
I dont care… I just love thai pussy
View all comments by CyberHippie
However… chilliman likes his ladyboys…. He always was a dick man…
View all comments by CyberHippie
anyone know the standard fare with owning a go-go bar as a ferang? would it have to go in a thais name or would i have to be a silent partner? iv been giving it some thought but dont know if its worth the hassle
if you owned a go-go itd be hard not to bang your staff every once in a while?
View all comments by Stevie G
p.s. think price is steep i think angelwitch is over-rated, but to be fair im not into rock music which would prob explain why - i went angelwitch in pattaya and that was better then nana
View all comments by Stevie G