Although Business Brokering in N.A. has been a well established business concept for many decades, in Thailand, it is a relatively new business. Five years ago, business brokers did not exist in Thailand.
Back then, business owners had no way of really selling their business and had to mainly rely on themselves to try to find a new buyer for their business.
This can be a very difficult, timely and expensive way to sell a business and it usually results in limited success.
About 3 years ago, Business Mission Asia, a business consulting service in Bangkok, Thailand decided to open a new division called The Biz X-Change in order to help buyers and sellers of business.
The Biz X-Change of Thailand, is a member of the IBBA (International Business Brokers Association) employs professional business brokers or business transfer specialists in order to deal with the large number of businesses for sale in Thailand and the many buyers looking to buy or invest in a business in Thailand.
The Biz X-Change has hundreds of businesses for sale from coffee shops, bars, restaurants and spa’s to resorts, hotels and factories.
A large number The Biz X-Change buyers are actually overseas investors looking to relocate to Thailand, while the remaining market are local Thai’s and ex-pats living in Thailand.
By utilizing a Business Broker such as The Biz X-Change, many new buyers can avoid the many pitfalls and obtain sound advice, not only on what is available, but on the legal requirements to run that business such as licensing, etc.
The Biz X-Change, by Business Mission Asia is actually owned and operated by two westerners. Brad Mol of Canada and Cristel Dellepoort of The Netherlands along with their Thai partner Miss Sumitra Mahakanok. Henry Gray of London England, manages The Biz X-Change department.
Anyone interested in either selling or buying a business should contact Henry Gray or Sumitra Mahakanok at The Biz X-Change offices in downtown Bangkok or visit their web site.
