(UPDATE! The owner has now reduced the asking price from 600,000 baht to just 450,000 baht, meaning an investor would have the opportunity to recoup their investment in only nine months). This profitable 30 seat Bar is located in a large Chiang Mai tourist venue. The owner has decided to sell, as he needs to devote more time to the management of his other businesses. The enterprise is two years old, and earns annual net profits of 600,000 baht, from receipts of 1,200,000 baht. Measuring 60 square metres, the bar incurs monthly rent of 18,000 baht and a monthly payroll of 10,000 baht for three full time employees. Priced to sell, the bar can be acquired for an amount equivalent to one year's earnings.
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