0202 Turn-Key Pub and Restaurant in Chiang Mai

 

Turn-Key Pub and Restaurant in Chiang Mai

Listing No. 66-0202

 

• Business:  Pub & Restaurant
• Location:  Chiang Mai, Thailand
• Building:  Shop-house Building, ground floor only
• Size:  approximately 200m2
• Features:  Fully air-conditioned (6 units, including 2 in the kitchen).  The restaurant/bar area seats over 35.  Currently opening from 7am daily excluding Mondays and catering for breakfast, lunch and dinner.  CCTV cameras are installed.  There are 3 8’ pool tables and the bar is part of a local competition.  The large kitchen is fully equipped and operational.  The pub also does catering for outside clients and room service for the 27-room hotel upstairs.  This pub is beautifully presented and is a turn-key operation.
• Tenure:  Leasehold, 3 years renewable
• Staff:  Currently 1 salaried staff, with a monthly payroll of 12,000 baht
• Licenses:  Food and Alcohol licenses are current and come with the business
• Stock:  Stock remaining at time of settlement is included in the price
• Online:  The business has its own face book page (about 2,000 followers) which may be transferred to the new owner if required. 
• Rent:  33,000 baht a month
• Utilities:  About 4,000 baht a month
• Car Parking:  Motor bike parking is available at the front of the building and car parking is available in the nearby soi’s
• Business Operational:  Yes – owned since 2014
• Transition:  The owner will assist in transitioning the business for a short period after settlement, if required.
• Reason for Selling:  Owner wants to retire
• Revenue:  180,000 Baht to 200,000 baht a month
• Net Profit:  120,000 to 140,000 baht a month
• Financials:  Owner does not keep books
• Asking Price:  2.2 million baht
• Price Negotiable:  Yes, near offers will be considered
• Security Deposit:  66,000 baht paid at the time of settlement to the Landlord.  Subject to compliance with the rental agreement, refundable upon termination of lease agreement
• Key Money:  N/A
• Sale Terms:  20% deposit (to secure the business and remove it for sale) and the balance within 14 days.  Ownership does not transfer until payment has been received in full
• More Information:  Further details will only be provided after inspection
• Inspections:  24 hours’ notice is required to inspect this business.  Inspection times are between 1000 and 1900 Tuesday to Saturday.
• Agents:  No Agent inquiries please

 

 

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