Description

UPDATE! The asking price has been reduced from 4,000,000 baht to 2,500,000 baht. A large Restaurant, situated on one rai of land, has become available in Mae Hong Son Province in the North of Thailand. The one rai (1,600 square metres) consists of the 480 square metre restaurant building itself, a 320 square metre swimming pool area and an 800 square metre car park. The business was established in 2003 and serves traditional northern cuisine. There are eight full time employees in place and the monthly salary outlay totals 25,000 baht. The restaurant is built in traditional northern style and sits just one kilometre from the airport, surrounded by many guesthouses and resorts. There is consequently a large customer base already in place, and tour groups make up the bulk of the custom. The owner is seeking an urgent sale, and the offering includes the business, building and land as a freehold sale. The total value of all the assets, including land, building, furniture, fixtures and equipment had been placed at 3,000,000 baht. Annual receipts of 2,520,000 baht are producing annual net profits of 1,140,000 baht.

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