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Preparing your business for sale: a pre-listing checklist

The listings that sell fastest on Raan Dee Group aren't necessarily the most profitable ones — they're the ones sellers spent two weeks preparing before they went live.

Get your documents in one place before you list. Assemble first: 6–12 months of bank statements, your current lease (and landlord contact), copies of every license with expiry dates, and ownership structure documents.

Know your own numbers before a buyer questions them. Separate true Seller's Discretionary Earnings from revenue — net profit, plus your own salary, plus personal expenses run through the business.

Price on positioning, not just discounting — especially in F&B. Thailand's nightlife and F&B sector has grown fast: nightlife venues grew roughly 9% and HORECA outlets grew by around 17% between 2012 and 2017, pushing much of the market toward real oversupply — with more than one in four nightlife establishments estimated to run at a loss. The instinctive response, aggressive happy-hour discounting, usually backfires: research on alcohol-serving venues found low, consistent regular prices outperformed happy-hour promotions as customers' top preference.

Where the real margin gains come from. Renegotiating supplier terms, asking for FOC stock or better rates, tightening operational waste like over-pouring, and consistent branding across every channel — buyers notice a business that looks deliberately run.

Drawn from Andrew's own published analysis: [Thailand's F&B brand and price management — Bangkok Post, 2019](https://www.bangkokpost.com/business/general/1772399/thailands-fb-brand-and-price-management-secrets-of-success-in-an-over-stocked-hospitality-market)

Decide what stays confidential until a buyer is serious. Exterior photos, exact address, and staff details are commonly withheld until a buyer registers interest.

The pre-listing checklist:

  • 6–12 months of bank statements ready
  • Lease document + landlord contact on hand
  • All licenses copied, expiry dates checked
  • Ownership structure documents assembled
  • SDE calculated separately from raw revenue
  • Confidentiality decisions made
  • Photos taken