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Profitable Old City Guest House/Restaurant/Bar/Laundry-No Key Money

  • Property Type: Hotel / Guesthouse
  • Number of Bedrooms: 8
  • Number of Bahtrooms: 8
  • Furnished: Fully Furnished
  • Property Size: 52 Sqm
  • Land Size: --

Ad Description

Fantastic opportunity to buy the number one rated (out of 1113) TripAdvisor "Speciality Lodging" Guest House/Restaurant/Bar & Laundry business in Chiang Mai Old City.

We would be happy to spend a month guiding you through the ins and outs of the day to day running of the business. All stock, kitchen equipment and bedroom furniture are included .

Fantastic location in the South East corner of the Old City; 450 metres from Thapae Gate, a short walk to all major attractions and a host of shops, hairdressers/barber/nail shop and bars nearby.

The Guest House has 8 rooms:

3 air-con rooms, 5 fan rooms, all ensuite with powerful hot showers.

The restaurant and bar have a good reputation and business is steady.

A laundry business is included, rates are standard and there is a twin-tub and new tumble dryer.

There is a large rooftop terrace garden for guests to relax,

Rent 30k baht per month, paid annually, option to extend annually. No key money.

We are highly rated on Booking.com/Agoda/Airbnb and several Chinese travel sites.

Reason for sale : Returning imminently to Europe for daughter's education.

For further information please contact Paul
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1001006 Busy Bar and Grill with Guest Rooms in Chiang Mai’s Old City

1001006 Busy Bar and Grill with Guest Rooms in Chiang Mai’s Old City

  • 15 Jul 2018 : 20:20 pm

Busy Bar and Grill with Guest Rooms in Chiang Mai’s Old City Listing No. 066-10-01-006 • Business: Guest House, Bar and Restaurant • Location: Chiang Mai, Thailand • Features: This is a successful and busy local bar, ideally situated right on the junction of 2 smaller streets just off the main moat road. Being right on the corner, it’s great for people watching with bar top counters on the outer edge of their open space. They have an active pool playing scene with regulars coming weekly for the local pool league. The menu covers Thai and foreign foods and is popular among the many visitors in the guest houses close by. They have 8 rooms on 2 floors upstairs, several rented on a monthly basis. These may all be converted to guest rooms, increasing revenue or a couple kept as on-site accommodation for manager and staff as they are now. The staff are all long serving, reflecting a kindly and supportive management philosophy that has led to long term regular guests and patrons and a solid, dependable and profitable business. The owners now seek to sell as they would like to develop another idea they have in a different part of town, but are happy to assist in the transition of knowledge and goodwill for this busy and successful business. • Tenure: Business Sale and Rent (Leasehold Premises). 3 years with option to renew (Rolling Lease) • Asking Price: THB 2,500,000 • More Information: Please contact us for more information (we require your name, phone number and e-mail address)