Chiang Mai Successful chain of American-style restaurants available for sale

: Successful chain of American-style restaurants in Chiang Mai :

148,190,000 THB

Listing ID# BKK15710


BUSINESS INFORMATION

Province Chiang Mai
Country Thailand
Business Type Successful chain of American-style restaurants
Business Started N/A
Employees 0 Person

FINANCIAL INFORMATION

Annual revenue: 95,000,000 Baht
Payroll: N/A
Furniture, Fixtures & Equipment
included in the Investment Price:
59,000,000 Baht
Your Total Investment to own this business: 148,190,000 Baht
Your Initial Cash Investment Needed: N/A
Inventory included in the Investment Price: 3,210,000 Baht

BUSINESS SUMMARY

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, easy lifestyle.

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 chain.

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)

For more information please

CONTACT US NOW!


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