| Date | Header | Price | ||
|---|---|---|---|---|
| 19/05/2006 | Bangkok Japanese Restaurant | 2 500 000 | ||
| 19/05/2006 | Mediterranean style Restaurant | 7 000 000 | ||
-- Hotel/Guesthouse -- Northern Region
-- Chiang Mai -- --
| Edit | |||
| 20/05/2006 | Chiang Mai Concern, |
4 500 000 | ||
| UPDATE! This business is now enjoying even higher net profits, as six new rooms (three of them air-conditioned) have been added. Annual net profits are now coming in at 3,500,000 baht, a rise of 500,000 baht. BKK11373GW - This Chiang Mai Concern consists of a Restaurant, three Guest Houses and a Tour Company. Established four years ago, the business is earning good profits of around 3,000,000 baht per year from receipts of approximately 5,000,000 baht. The first building contains six fan cooled rooms plus the tour company, and measures 178.5 square metres. Three air-conditioned rooms and four fan cooled rooms form the second building, which has total floor space of 99 square metres. The third house is smaller, at 12 square metres, and is basically just one bedroom, shared by four guests, and a bathroom. The restaurant and bar has seating for 60 customers, and measures 136 square metres; it has built up a good customer base, serving both Thai and Western cuisine amid lovely landscaped gardens with a large car park measuring 80.5 square metres. A good reputation has been built up by the tour company over the years, and it is mentioned in many leading guide books. As a bonus the owner is sub letting a building which is used as a massage parlour, and this provides additional income from monthly rent of 7,000 baht. The whole enterprise measures 1,440 square metres and is available at an attractive price, representing only two times earnings; this is due to the fact that the owner has family problems that force him to reluctantly offer his business up for new ownership. Monthly rent for this large enterprise is only 15,000 baht, which is cheap for the central city Muang District location; there is also a long lease for the new owner to benefit from. As a further acquisition incentive, the new owner will gain assets valued at 4,000,000 baht, so that he or she can continue operating from day one. There are five employees on the payroll, and total wages per month are 16,666 baht. Annual revenue 5,000,000 Baht ($125,000) Annual Owner's benefit (earnings before taxes and depreciation) 3,500,000 Baht ($87,500) Furniture, Fixtures & Equipment included in the Investment Price 2,800,000 Baht ($70,000) Your Total Investment to own this business 4,500,000 Your Initial Cash Investment Needed 4,500,000 Baht ($112,500) | ||||
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