| Date | Header | Price | ||
|---|---|---|---|---|
| 19/05/2006 | European Restaurant and Bar | 1 500 000 | ||
-- Restaurant -- Northern Region
-- Chiang Mai -- --
| Edit | |||
| 19/05/2006 | Chiang Mai Bar/Restaurant |
1 500 000 | ||
| BKK11729JS - The owners of this fashionable Chiang Mai Bar/Restaurant are both relocating; one partner is already in Bangkok and the other is leaving the country altogether; they are therefore open to offers for their nine month old business. The lease, which is currently a three year plus three year contract, includes 13.5 rai (21,600 square metres) of land, with parking for over 100 vehicles, and the building itself, which measures around 100 square metres, for a monthly rental fee of 20,000 baht. Prospective investors may purchase either the company shares or the business and assets. The owners believe that the venture has massive potential, and it has already received a large amount of media coverage, not only locally, but also in numerous Bangkok periodicals and daily newspapers. Large parties are regularly hosted and a large outdoor festival is planned with renowned live bands and singers; around 3000 people are expected to attend, according to the promoter. Other functions and parties have drawn groups of around 250, and university students regularly hold parties here. In addition, a 300 room condominium is about to open within 15 seconds of the walk of the business, and this is hoped to increase revenues significantly. In early financial results, the enterprise has been averaging 110,000 baht per month in receipts, and this would equate to annual receipts of 1,320,000 baht. The owners would obviously prefer to receive the investment price up front, but would be prepared to offer owner financing, with 50% accepted as an initial investment, and the balance in instalments. Annual revenue 1,300,000 Baht ($32,500) Annual Owner's benefit (earnings before taxes and depreciation) 0 Furniture, Fixtures & Equipment included in the Investment Price 150,000 Baht ($3,750) Your Total Investment to own this business 1,500,000 Your Initial Cash Investment Needed 1,500,000 Baht ($37,500) Inventory included in the Investment Price 20,000 Baht ($500) | ||||
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