• Business: Bar/Restaurant + Cannabis Dispensary
• Location: Chiang Mai, Thailand
• Best Pizza in Chiang Mai Award for 2015, 2016, 2017, 2018 and runner-up 2019
• TripAdvisor Certificate of Excellence for 2016, 2017, 2018, 2019 and 2020.
This well-established bar/restaurant is being up and running as bar/restaurant for almost 29 years! It is housed in a beautiful teak wooden building with a lovely garden.
CUSTOMERS
Services a loyal following of local Thai and Western diners in Chiang Mai. We provide a home for different local groups.
As well, popular amongst tourist due to high ratings on Google, Facebook and TripAdvisor.
LOCATION
The place is situated in the buzzing Night Bazaar area, in a private setting of the main road. Many customers describe it as a little green and lush oasis in the midst of the Chiang Mai Night-bazaar.
MENU
We have an Italian/Dutch/Thai menu which is well-balanced, and we produce almost everything in-house. Hence, excellent quality for a good price. As well proud winner of 4 consecitve "Best Pizza in Chiang Mai" awards.
DESCRIPTION ESTABLISHMENT
Indoor: 35+ seats, big TV's, 2 excellent high-end pool tables, dartboard, music stage.
Outdoor: 35+ seats, parking space for 15-20 scooters in house.
Fully equipped bar & kitchen
Storage room
Toilet Building
Extra: Websites, Social Media profiles.
NUMBERS
Cost of operating (62K):
Rent 20K
Staff (3) 32K
Electric/water/internet 10K
This business will come with a new 3-year lease with an incredible low rent for a place of this size, only 20.000b p/m. 3 year contract with an option to renew (Rolling Lease).
BUSINESS OPPORTUNITIES
- This place is ideal for a Thai/Western couple, work permits can be arranged.
- Because of it's location in Charoenprathat soi 6, the place to be for the gay-community in Chiang Mai, a Gay/LGBTQ orientated business would prosper as well.
- After hours business would be interesting as well due to it situation of the main road. Simply close the front doors of the corridor and you are undetected.
- Cannabis business, this place has a cannabis license as well. Due to its secluded nature it is very suitable for cannabis dispensary.
REASON FOR SALE
After being 30 years active in the bar/restaurant scene it is time to slow down now and take care my son.
• Asking Price: THB 2.200.000 (Incl all assets, goodwill, key money) so no extra costs
• ROI: 1 - 2 years
• Options for a work permit. Ideal for Thai/Western couple.