Description

This Chiang Mai Bar is located in a busy part of the Old City, near the moat and close to several guesthouses. This ideal location has high foot traffic, and even though the business is only six months old, financial results have proved to be encouraging. The owner must return to his home country however, and must therefore sell his business. Monthly receipts have been averaging 105,000 baht, with net profits coming in at around 42,000 baht per month. This would equate to annual receipts of 1,260,000 baht and annual net profits of 504,000 baht. The bar has therefore been attractively priced, at little more than annual earnings. The main outgoings are monthly rent of 19,000 baht and monthly salaries of 9,000 baht.

Posted Jan 26, 2011

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