Code : LE68050025

Property Type : Estate/Trade Area

Transaction :   Liquidate

Zone : The North of Thailand

Province : Chiang Rai » Mueang Chiang Rai

Profitable Restaurant and Bar in Chiang Rai for Sale
Listing No. 066-11-01-005

• Business: Restaurant and Bar
• Location: Chiang Rai, Thailand
• Features: Located in the heart of Chiang Rai city, this restaurant and bar has been trading since mid-2023. Popular with locals and tourists, it is the ‘go-to’ night venue for the many visitors to Chiang Rai as it offers a great range of meals and drinks at affordable prices. The building is a double shop-house, three stories of about 360m2. The restaurant and bar are on the ground level with some upstairs seating. Also upstairs are some large rooms but they are only being used for storage at the moment. In its current configuration, there is seating for nearly 50.

The business is seasonal, but trades profitably during both seasons. Apart from the welcoming and tasteful décor of the restaurant, it has an excellent central location and active social media accounts, and all of these combine to make the business successful. The business also features very favorably in online reviews in Google, TripAdvisor, restaurantguru, top10hotels, sluurpy, envendo and others. The current owner thoroughly enjoys the business and the Chiang Rai lifestyle, but is offering it for sale only because he is taking up career employment in Bangkok.

The rent for this location and area is very good and the Landlord does not charge key money. The asking price is negotiable, but is very generous as it represents a realistic ROI period.

The business is operated with an AMITY registered Thai Limited Company which will be transferred to a new owner if eligible and as required. Asking price includes stock on hand at the time of transfer and the owner will assist with transitioning. Financial records are available and may be viewed upon Inspection AND after completing a Non-Disclosure Agreement (NDA).
• Tenure: Standard 3-year renewable Lease
• Asking Price: THB 1,600,000
• More Information: Please provide your name, phone number (with country code) and email address so we can contact you to assist

Asian Business Brokers

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+66 889 650 547