(UPDATE! The asking price has now been reduced from 900,000 baht to 650,000 baht). Surrounded by guesthouses, and sitting close to the Old City Moat in Chiang Mai, this profitable Restaurant can seat up to 40 diners at any given time. The new owner could easily expand the business however, by opening up the rear of the property to make another dining area. Measuring 48 square metres, the property also includes three empty rooms and staff accommodation above the business, and yet has payable rent of only 6,000 baht per month. The owner will part with the restaurant as he considers that he lacks the time to run the business effectively, and yet annual receipts of 1,200,000 baht are still coming in, and these yield net profits of 600,000 baht per annum. Four employees are retained, two of which are only on a part time roster, and the monthly payroll totals 12,000 baht.

Posted Jan 26, 2011

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