Description

Owner relocation has forced the sale of this popular Chiang Mai Restaurant and Pub. Located on the banks of the Ping River, the spacious and beautifully decorated venue sits on two rai (3,200 square metres) of land in the heart of the city; this means that there is ample parking for 90 vehicles and seating for up to 1,000 customers, as the building has total floor space of 500 square metres. Monthly rent is very reasonable for such large premises, and currently only 60,000 baht is payable, on a three year plus three year lease contract. The three year old business is very lucrative, and annual receipts of approximately 18,000,000 baht are yielding net profits of 7,200,000 baht. Live music is provided, and this helps to maintain the large customer base. A large workforce is needed to serve so many customers, and the monthly payroll totals 350,000 baht, including fees paid to musicians.

Posted Jan 26, 2011

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