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Restaurant, Sports Bar, Café And Guesthouse In Chiang Mai For Sale

Chiang Mai, Chaing Mai, Thailand
Asking Price:
$320,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$500K - $1M (USD)
Cash Flow:
$100K - $250K (USD)

Restaurant, Bar, Cafe and Guesthouse in Chiang Mai For Sale (4 separate businesses in one building)

Asking Price:
10 Million Thai Baht (320,000 USD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Great opportunity to take over a Bar/Restaurant located in the heart of the Old City, on the main road by the famous Sunday Walking Street and the most popular tourist area.

The business comes with full handover and a list of suppliers. TripAdvisor TOP5 and Dianping TOP3 ratings since over 5 years.

The main restaurant is on the ground floor with a capacity of 40 seats, while the newly built sports bar is in the back of the building with additional 60+ seats, 3 American pool tables, big screen TVs, custom made 20-taps beer system. All areas are air-conditioned.

Rest of the floors (2nd and 3rd) can be used as a hostel, office or living. There are 12 rooms in total each with en-suite bathrooms.

Both the restaurant and bar are well designed, bar and the kitchen has full equipment and fully operative.
You could make money from the the first day.

Contract is into 2nd year of a 12 years lease. Monthly rent is 100,000THB (one night of high season's turnover) now 50% reduced due to Covid. There is a deposit of 2 month. Selling price 10M Baht. We accept cryptos!

Reason of selling the business because of owner is relocating.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

10 years left of a 12 years lease.

Leasehold Rent:

$35,000 (USD) per annum

Living Accommodation:

Any of the 12 guestrooms can be used for living on site. They're different sizes up to 1-2 bedrooms.

Location:

It is the main city square of Chiang Mai.

Business Operation

Expansion Potential:

The neighbour shop just been acquired and renovated great potential for a cafe or second restaurant/bar with separate entrance from the main road.

Reasons for selling:

Owner is relocating.

Trading hours:

12-24

Employees:
8
Years established:
2012

Other Information

Support & training:

Full handover including list of suppliers.

Furniture / Fixtures value:
$90,000 (USD) - included in the asking price
Inventory / Stock value:
$10,000 (USD) - included in the asking price
Relocatable:
This business can be relocated.

Contact Seller

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