This is a top flight business for
someone seeking to walk into a successful restaurant business with a
great reputation. The business consists of four hugely popular
restaurants in top locations around the city of Chiang Mai in Northern
Thailand and one brand new location that has just opened in nearby Lamphun province and has already seen its popularity boom.
This restaurant chain is popular with local Thais who love Western food;
they are a key component of the restaurants’ success, as well as with
resident expats and tourists seeking comfort food from home.
Chiang Mai remains very popular as a retirement
destination for both Thai residents and foreigners, the province and
city are regularly voted in the top places to retire from various media
and analysts because of its great climate, low cost of living, extensive
infrastructure and friendly locals. Chiang Mai continues to grow as it
becomes more well-known to domestic tourists, local residents, digital
nomads, retirees and tourists.
This business takes advantage of all those aspects of
Chiang Mai with four restaurants in top locations around the city. The
business is so popular and so well-known that they consistently get
offers to open new restaurants outside Chiang Mai and are just now
opening one in the next province to the South, Lamphun, the new
restaurant opens April 2017. Lamphun is the home of a large university,
many foreign owned factories and its slow life style is appealing to
Bangkokians seeking a change as well as expats looking for a simple,
There are six companies including the management company
which runs the other four which cover each of the five restaurants,
including the new one in Lamphun. One business is an Amity company that
could be used as an umbrella to have no Thai partners for a buyer with
US nationality. The other 5 businesses are Thai Co., Ltd.'s with net
registered capital of 4 million Baht each.
Each of the restaurants have had positive cash flow and
have built up a very good reputation as being well-run with consistently
good food, good service and a friendly atmosphere. Sales reached 95
million baht in 2016 and profits hit 20 million after add backs. The
profits are expected to grow in 2017 as sales mature at the new
locations and the older locations grow clientele.
The package requires very little effort from the owner to
maintain and a motivated owner could easily expand. The owner has an
expansion plan in place should the new owner be interested. The
restaurants have a complete management team including graphic design,
marketing and social media, events, human resources, bookkeeping, a
buyer, an office manager and an office worker. This business runs very
smoothly and the new owner can easily step in and take over a profitable
The restaurants all have top – class equipment with some
having been totally upgraded quite recently and a few million baht spent
in the upgrades and renovations. There is a computer system for sales
used in all locations and all equipment is serviced regularly.
More detailed financial information will be disclosed to a
serious buyer. The business is being sold as a package and the owner
will not sell them separately. The asking price includes five locations,
real estate and nearly 3 million baht in deposits.
The owner is selling as he wishes to retire from the business.
ASKING PRICE: 148,190,000.Baht (includes buildings 43 million Baht)
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