0203 Large Restaurant in Chiang Mai for Sale & Rent

 

Large Restaurant in Chiang Mai for Sale & Rent

Listing No. 66-0203

 

• Business:  Restaurant
• Location:  Anusarn, Chiang Mai
• Building:  Concrete / Glazed Front / Ground Floor
• Features:  Situated in the bustling Anusarn Night Market, very popular with tourist and locals. A large restaurant with a small terrace area at the front with 2 dining tables and seating for 8. To the left as you enter is the service counter. Inside there are 12 tables and seating for 56 patrons. Both the floor and walls are tiled which allows for easy maintenance.  There is a wall mounted TV with cable. There is wall mounted air con units along with numerous ceiling fans. The restaurant is well lit and easily visible in the night market.
• Potential:  Increase revenue with the addition of alcohol sales; improve online marketing via social media and a website. 
• Tenure:  Leasehold, 12 months renewable
• Staff:  Currently monthly payroll of 40,000 baht
• Licenses:  Food license is current and comes with the business
• Stock:  Not included in the price
• Rent:  45,000 baht a month
• Utilities:  About 8,000 baht a month
• Car Parking:  Customer car parking is available in the market
• Business Operational:  Yes – same owner since 2012
• Transition:  The owner will assist in transitioning the business for a short period after settlement, if required
• Reason for Selling:  Other business interests
• Revenue:  About 350,000 baht a month
• Net Profit:  About 60,000 baht a month
• Financials:  May be made available to genuine buyers, only after inspection
• Asking Price:  1 Million Baht
• Price Negotiable:  Yes, near offers will be considered
• Security Deposit:  50,000 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:  10% deposit (to secure the business and remove it for sale) and the balance within 30 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 1700 Monday to Friday and between 1000 and 1300 Saturday
• Agents:  No Agent inquiries please

 

 

 

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