Date | Header | Price | ||
---|---|---|---|---|
-- Restaurant -- Northern Region
-- Chiang Mai -- --
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19/05/2006 | Pub and Restaurant |
4 320 000 | ||
BKK11730JS - This large Pub and Restaurant sits close to Chiang Mai’s famous Night Market, and is acknowledged as one of the city’s leading entertainment venues. Well established after five years of profitable trading, the business has only become available due to the poor health of the owner, who will reluctantly turn his back on annual net profits of 3,700,000 baht, earned from receipts of 13,230,000 baht. The large site measures 900 square metres and can seat over 200 customers in comfort. Entertainment is provided in the form of live music performances and disco music played by disc jockeys; live sports events are also beamed on the large screen projector television, and there is a pool table, six air-conditioners and a fully fitted kitchen for the new owner to acquire, along with musical instruments and light and sound equipment. The assets alone cost 1,700,000 baht when the business launched. Monthly rent is 35,000 baht and the current lease contract runs for three years with a three year option. Annual revenue 13,230,00 Baht ($330,750) Annual Owner's benefit (earnings before taxes and depreciation) 3,700,000 Baht ($92,500) Furniture, Fixtures & Equipment included in the Investment Price 1,700,000 Baht ($42,500) Your Total Investment to own this business 4,320,000 Your Initial Cash Investment Needed 4,320,000 Baht ($108,000) | ||||
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