Listing ID# T02 - 15496

Mae Rim, Chaing Mai
Asking Price:
$21,500 (USD)
Sales Revenue:
Under $100K (USD)
Cash Flow:
Under $50K (USD)

Located in a small commercial plaza close by Four Seasons Hotel and Resort in Mae Rim, Chiang Mai this wine bar has operated for more than a year.

The area is attractive among many expats and a hot spot for tourists.

The wine bar is currently operating and serves locals, expats and tourists. Food is available from other tenants in the plaza (Japanese, international, Thai).

Total area of 120 sqm2 of which 64 sqm2 is indoor and another 40 sqm2 is outdoor covered by roof. There is an additional space at the back of the wine bar (16 sqm2) that can be developed into a small kitchen. Alcohol and tobacco license updated and valid until 2018.

Currently owner is retailing to local market only including private sales. No attempt has been made to sell to hotels and restaurants and little marketing has been done. A new owner could easily double current sales with little effort. Wines are purchased directly from a main importer at very affordable prices, and sold with healthy profit margins.

A new owner may want to develop a food concept at the additional space in the back of the wine bar, which could improve earnings as well.

Monthly rental is only 230 US plus common fee (29 US) and utilities. Current lease is valid for another one and a half year. Extension of lease can be negotiated directly with the management of the plaza. Lease with the plaza is in the company’s name.

Sales includes;

3 large wine fridges (76 btl. Ea.), 1 upright fridge, a large counter top fridge, Saeco coffee machine, Stolze crystal glassware, wine buckets, wine decanter, chinaware, Sony sound system, POS system including Ipad, thermal printer and router. Fixture and fittings and partly furnished. Email and FB web site.

The price also includes a debt free Thai company limited with a registered capital of 2 million Baht. (all accounting books are available plus audit). The price includes transfer of shareholders, and change all documents into a new owner’s name, fees for a *1 year work permit and visa (*provided that a new owner is eligible according to Thai law)

The current owner doesn’t have time due to other business engagements.

Property information

Real Estate:
Lease

Business Operation

Years established:
2017