Chiang Mai Guest House /Restaurant and bar available for sale

: Guest House /Restaurant and bar in Chiang Mai :

18,000,000 THB

Listing ID# BKK15758


Province Chiang Mai
Country Thailand
Business Type Guest House /Restaurant and bar
Business Started 2011
Employees 6 Person


Annual revenue: 4,000,000 Baht
Payroll: 60,000 Baht
Furniture, Fixtures & Equipment
included in the Investment Price:
2,800,000 Baht
Your Total Investment to own this business: 18,000,000 Baht
Your Initial Cash Investment Needed: N/A
Inventory included in the Investment Price: 120,000 Baht


This charming guesthouse restaurant/bar is located in the heart of the old city in Chiang Mai, walking distance from all major old city attractions including the Sunday Walking Street Market and the many beautiful temples found in the old city. Chiang Mai continues to see tourism grow and this guesthouse has taken advantage of that growth. The guesthouse has contracts with all the major booking agencies and has earned five star reviews on Trip Advisor and Airbnb for its friendly staff, comfortable rooms, charming décor and central location.

The business was established in 2011 and has 560 sqm over four floors. Land with a chanote title is included in the sale, a rarity in this location. Each room is a large suite type room with minibar, en-suite, air conditioning and free WiFi throughout.

The business has six full time staff with a total monthly payroll of 60,000 baht. The guesthouse and restaurant saw total sales reach 4 million baht in 2016 with a net profit of 2.7 million baht.

The owners are relocating and so are selling the business, the building and the land.

ASKING PRICE: 18 million baht

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