Chiang Mai Restaurant available for sale

: Restaurant in Chiang Mai :

22,000,000 THB

Listing ID# BKK15907


BUSINESS INFORMATION

Province Chiang Mai
Country Thailand
Business Type Restaurant
Business Started 2010
Employees 40 Person

FINANCIAL INFORMATION

Annual revenue: 35,000,000 Baht
Payroll: 500,000 Baht
Furniture, Fixtures & Equipment
included in the Investment Price:
20,000,000 Baht
Your Total Investment to own this business: 22,000,000 Baht
Your Initial Cash Investment Needed: N/A
Inventory included in the Investment Price: 250,000 Baht

BUSINESS SUMMARY

This beautiful teak wood Lanna style building is open air and centrally located on the river in Chiang Mai, with stunning river views.Established in 2010, the massive building has 10,000 sqm, over two floors and can seat 220 people. Popular with tourists and locals alike, the restaurant has 40+ full time employees with monthly wages of 500,000 baht. 
Well-reviewed, the business saw sales of around 35 million baht last year with a profit of 6-7.5 million baht. The new owner will need to pay key money of 9 million baht for the 9 year lease. Rent on this beautiful building that also has a large car park is 240,000 baht
The owner is seeking to sell the business as he seeks other directions in business.  

ASKING PRICE: 22 million baht

For more information please

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