Date | Header | Price | ||
---|---|---|---|---|
19/05/2006 | Pub and Restaurant | 4 320 000 | ||
19/05/2006 | Coffee Shop | 900 000 | ||
19/05/2006 | Sports Bar | 3 000 000 | ||
-- Restaurant -- Northern Region
-- Chiang Mai -- --
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19/05/2006 | Five Star Restaurant |
950 000 | ||
BKK11735JS - A large, successful Five Star Restaurant has become available at a highly competitive asking price in Chiang Mai due to the owner’s planned relocation. Although the business is only eight months old, annual financial results would see the business reap net profits of 2,466,000 baht from receipts of 4,320,000 baht, and yet the owner is so desperate to find an investor and move overseas that he will accept less than six months earnings for a quick business transfer; he has problems with his other business in Australia and needs to relocate urgently. The assets alone cost 2,100,000 baht at inception, so the owner feels that his offering is an absolute bargain; these assets include a fully fitted kitchen with three fridges. The three storey building has total floor space of 400 square metres and has seating for 200 customers along with five bedrooms, two bathrooms and parking for 50 vehicles. The venue has acquired quite a following in such a short time, and big parties are regularly entertained here with the provision of live music at both lunch and dinner buffet sessions. The workforce of 10 employees would almost certainly be keen to remain and work for the new owner; the monthly payroll currently totals 55,000 baht per month and the monthly rent is 25,000 baht on a three year plus three year lease contract. Annual revenue 2,160,000 Baht ($54,000) Annual Owner's benefit (earnings before taxes and depreciation) 1,233,000 Baht ($30,825) Furniture, Fixtures & Equipment included in the Investment Price 2,100,000 Baht ($52,500) Your Total Investment to own this business 950,000 Your Initial Cash Investment Needed 950,000 Baht ($23,750) Inventory included in the Investment Price 15,000 Baht ($375) | ||||
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