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dirtydog · 18-03-2006, 01:48 AM

Business for sale Chiang Mai, Thailand

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Business Chiang Mai for sale, Business opportunities Thailand

Factory for sale Lampang

cm11304 - This Factory is located in the beautiful North of Thailand, in Lampang province, approximately 100 kilometres South East of Chiang Mai. Established 20 years ago, the business is achieving annual profits of 1,000,000 baht, from receipts of 1,800,000 baht. The owner is moving overseas, and has no family successor to take up the reins (they are all studying overseas); therefore the freehold property has come to market. The new owner will acquire land measuring almost eight rai (11,524 square metres in total) that has an estimated value of 10,000,000 baht, plus buildings that are worth approximately 6,000,000 baht. The buildings include a factory measuring 2,100 square metres, a 350 square metre house (with four bedrooms, an office and two storerooms) and a two room staff house. Ceramic products are manufactured here, including items such as piggy banks, vases, ashtrays and incense burners. Assets have been valued at 10,000,000 baht, and include two electrical kilns and everything needed to continue keeping the large customer base content. There are 12 full time employees who would almost certainly be keen to continue working for the new owner, and they have a total monthly salary of 35,000 baht.

Total Investment To Own: 17 million baht

Motel for sale Chiang Mai

cm11306 - This Chiang Mai Motel sits in the city suburbs, close to City Hall and a busy restaurant zone. The freehold sale consists of two single storey buildings, with 20 rooms, and parking for each room. The buildings have been valued at 7,000,000 baht, and there is also one rai (1,600 square metres) of land for the new owner to acquire, with a value of 4,500,000 baht. The current owner is moving abroad, and must therefore put the business on the market, after two years of good financial results; annual profits of 6,000,000 baht are being earned, from revenues of 7,800,000 baht. The buildings have total floor space of 1,035 square metres, and the total monthly payroll of 35,000 baht is for 11 full time employees.

Total Investment To Own: 35 million baht

Ceramic Factory for sale Chiang Mai

cm11307 - Owner retirement has prompted the offering of this Ceramic Factory located in Lampang, about 100 kilometres South East of Chiang Mai. The freehold sale includes land of nine rai (14,868 square metres in total) that has been valued at 18,000,000 baht. The enterprise was launched over 20 years ago, and has built up a good customer base over the years; annual receipts of 1,000,000 baht are producing profits of 700,000 baht. The new owner will also acquire the three large buildings, which are worth 2,000,000 baht, and consist of a warehouse, a four room staff house and a two storey house with six bedrooms and three bathrooms. The assets have been valued at 15,000,000 baht, and include three kilns and all the equipment needed to continue trading from day one. The workforce consists of part time labour, and the staff are paid on a commission basis.

Total Investment To Own: 25 million baht

Packaging Factory for sale

cm11178GW - This Chiang Mai Packaging Factory has land measuring 404 square metres and buildings with total floor space of 426 square metres for a new owner to acquire. Established seven years ago, the business is now earning annual profits of 1,500,000 baht from revenues of 9,000,000 baht, but the owner is reluctantly moving on due to an impending relocation. The buildings are estimated to be worth 1,500,000 baht and the land has been valued at 150,000 baht. On site are a warehouse, an office, accommodation for the workforce (10 full time employees) and a car park measuring 90 square metres.

Total Investment 4 M. Baht

Fast Food Outlet for sale

cm01990GW - A new Fast Food Outlet, which proved popular in its first year of business, has recently become available. Located in a good, high traffic area, the Chiang Mai business is 40 square metres in size, and seats 14 customers; rent is 12,000 baht per month until December 2005, rising by 10% on the two year extension option.

Total Investment 4 M. Baht

Guesthouse for Sale Chiang Mai

cm1908GW - This Guesthouse is located in the centre of Chiang Mai’s historic old town, within a short stroll of the Tha Pae Gate. The business has been in operation for four years, and has a steady flow of regular customers; leading travel books mention this enterprise with glowing references. There are approximately 40 rooms, and guests have the choice of air-conditioned or fan cooled rooms. The guesthouse features a restaurant, a lobby lounge bar, parking for eight cars, a laundry, a travel agency, a sauna, a massage parlour and an internet terminal.

Total Investment 45 M. Baht

Restaurant for Sale Chiang Mai

cm1884GW - Northern and North-Eastern cuisine are the flavours of choice at this Chiang Mai Thai Restaurant. The business was only established two years ago, but the owner has decided it is time to retire. The restaurant sits in a charming teak house, on 1.5 rai of land, and seats 600 diners.

The land and building package has recently been appraised at 47 M. Baht

Food Garden Chiang Mai for Sale

cm1549B - A large Chiang Mai Food Garden, with live traditional Thai performances; an investor will get land of 2,488 square metres and a big two level teak building. The ground floor serves unique Northern Thai style dishes, while the upper floor serves a more wide-ranging Thai menu. Open seven days a week, there are 47 employees, 26 of whom are full time. The venue is furnished in traditional Northern Thai style, the atmosphere enhanced by a waterfall, a fountain and a stream. The business was only launched last year, and there are beautiful and valuable assets to acquire here, as the owner has found that they have no time to devote to the business, which is open seven days a week. This venture is often booked up for private functions and parties, and is popular with tour groups who love to soak up the ambience of traditional Thai music and dance amid traditional Thai surroundings. Profits of 3.36 million baht were achieved last year, from revenue of over 10 million baht.

Total Investment 45 M. Baht

Restaurant and Bar for Sale

cm1861GW - This large, rambling, Restaurant and Bar Complex sits on a corner lot, in what is considered to be the best location in Mae Hong Son, near Chiang Mai. There are five buildings, including a bar, dance club, fast food restaurant and two wooden homes with rooms to let and commercial frontage; total land to acquire is 250 square wah. Two tenants provide 30,000 baht per month each in rent. The restaurant and bar combined have seating for 150, serving Thai fast food and a lengthy drinks list to a mixed customer base of locals and expatriates, and both venues enjoy good reputations. The setting is picturesque, close to a lake in the centre of town, with great mountain views. Burmese style temples sit 100 metres away, and bring tourists by the busload. The dining area provides a lovely outdoor setting, as well as providing a covered seating area, and live music features predominantly. This business would be perfect for a lakeside resort, a guest house, or a retail complex.

Total Investment 15 M. Baht

Chiang Mai Restaurant for sale

cm1856GW - This Chiang Mai Restaurant was established two years ago, and features a European menu, set in a tropical garden, with beautiful river views. Mentioned in well known travel guides, the business seats 150 customers in 1,000 square metres of floor space. Annual cash flow is 800,000 baht, from receipts of 9,500,000 baht, and the rent is 15,000 baht per month, with a lease that expires shortly, but has a three year option to extend. Assets have been valued at 500,000 baht.

Total Investment 6 M. Baht

Motel for sale Chiang Mai

cm11029GW - This Chiang Mai Motel is located centrally, in the Amphur Muang region. The single storey building was established in 1994, and features 10 rooms and total floor space of 240 square metres. Each room is air-conditioned and fully furnished, with an individual parking space in front.

Total Investment 15 M. Baht

Chiang Mai Hotel for Sale

cm1735GW - This massive Chiang Mai Hotel, established over 10 years ago, has well over 500 rooms, all with views of the Doi Suthep Mountain. Featuring a swimming pool with bar, a snooker club, sauna, business centre, Thai massage and an airport shuttle bus, the hotel is located in a tranquil setting, away from the bustling downtown area, but within easy reach of all the natural and cultural attractions that Chiang Mai has to offer. There are palatial suites, and spacious convention facilities that can handle a large capacity of 2,000 people. Set on seven rai of land, this is one of Northern Thailand’s premium resort hotels. There is parking for 150 cars and 150 motorcycles, and a massive staff of 300 are employed, commanding a total salary package of 2,000,000 baht per month. The current owner has decided to retire, and is offering this opportunity to an entrepreneur who wishes to take advantage of profits of 20,000,000 baht every year, from receipts of 150,000,000 baht. The total land and building package has been valued at 2.8 billion baht, but the owner is willing to accept less than half that figure as he is eager to change his lifestyle.

Total Investment 1.25 Billion. Baht (apr. us$31,250,000)

Resort Hotel for sale Chiang Mai

cm11186GW - This Deluxe Chiang Mai Resort Hotel has been tastefully completed in Northern Lanna style, and has over 110 exquisite rooms and suites set in lush tropical gardens. Well established, after almost 15 years of trade, the business makes annual profits of 5,000,000 baht, from receipts of 14,000,000 baht. A new owner will acquire the total land and building package which has been valued at 180,000,000 baht. The land measures 5,000 square metres, and is worth 40,000,000 baht, while the hotel structure has total floor space of 7,500 square metres, and is valued at 140,000,000 baht

Total Investment 190 M. Baht

Chiang Mai Hotel for sale

cm11157GW - This 15 year old Hotel sits within the Old City in Chiang Mai, and enjoys 100% occupancy during the seven months of high season (75% levels are attained throughout the rest of the year). Featuring a huge restaurant and marble verandas, the hotel has been described as “a classic tropical oasis”. Annual profit earnings are approximately 2,500,000 baht, from receipts of 5,000,000 baht, and the appraised value of the building and 1,700 square metres of land that will be acquired is 36,000,000 baht. With over 70 rooms, the enterprise functions as both a hotel and as serviced apartments.

Total Investment 42 M. Baht

Chiang Mai Hotel for sale

cm11121GW - This Spa is located inside one of Chiang Mai’s foremost hotels, and measures 260 square metres. The owner is studying for a Masters Degree, and cannot devote enough time to manage the enterprise. Established almost two years ago, the business garners 1,658,000 baht in profit, from annual receipts of 3,631,000 baht.

Total to invest 7 M. Baht

Mediterranean Restaurant for Sale Chiang Mai

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dirtydog · 03-09-2006, 06:35 AM

test.

Rigger · 03-09-2006, 10:48 AM

I have been looking at buying more land for a few years and may have just picked up a good score 8 1/2 Rai 180,000bht
Missus is taking the land paper to be checked to day

Begbie · 03-09-2006, 10:55 AM

Quote:

cm11157GW - This 15 year old Hotel sits within the Old City in Chiang Mai, and enjoys 100% occupancy during the seven months of high season (75% levels are attained throughout the rest of the year). Featuring a huge restaurant and marble verandas, the hotel has been described as “a classic tropical oasis”. Annual profit earnings are approximately 2,500,000 baht, from receipts of 5,000,000 baht, and the appraised value of the building and 1,700 square metres of land that will be acquired is 36,000,000 baht. With over 70 rooms, the enterprise functions as both a hotel and as serviced apartments.

Pardon me for being a bit cynical. 100% occupancy when the average in the high season is 60%. Plus of course a 50% profit margin.

Spin · 03-09-2006, 11:15 AM

The business for 45 million baht is making rubbish money. If you have the stirling equivalent in a savings account you would get a similar return on the interest alone.

Caveat Emptor

Butterfly · 03-09-2006, 02:36 PM

all those businesses don't have audited books. They could claim whatever they want. I mean 80% profit margin in Thailand ? who are they kidding ? first time travellers maybe

Remind me of all the stupid businesses for sale on TV with Sunbelt Asia. A complete fraud. It's a front for selling long term VISA to clueless farangs.

ChiangMai noon · 03-09-2006, 02:40 PM

Quote:

Pardon me for being a bit cynical. 100% occupancy when the average in the high season is 60%. Plus of course a 50% profit margin.

i think your cynicism is entirely justified.
high season is only about 4 months long, certainly not 7.

Butterfly · 03-09-2006, 02:46 PM

if you look at the price of land in this country, it makes all the cheap "deals" become expensive. Price of land is as expensive here as it is in Europe, without the infrastructure. That "overprice" land get factored in in all those deals, making them "loosy" investment.

I mean paying between 200,000 and 1,000,000 Euros for 1 RAI here depending on the "prime" location, it's crazy.

friscofrankie · 03-09-2006, 02:47 PM

Quote:

cm11157GW - This 15 year old Hotel sits within the Old City in Chiang Mai, and enjoys 100% occupancy during the seven months of high season (75% levels are attained throughout the rest of the year). Featuring a huge restaurant and marble verandas, the hotel has been described as “a classic tropical oasis”. Annual profit earnings are approximately 2,500,000 baht, from receipts of 5,000,000 baht, and the appraised value of the building and 1,700 square metres of land that will be acquired is 36,000,000 baht. With over 70 rooms, the enterprise functions as both a hotel and as serviced apartment

I had this place sold for 35m last year. Then the whole truth comes out; fuckin' Chinese buyers scuttled off. No way it's going to go for 36. After the Bank, then the squatter and a few other things the place will go for abt 40, still a decent price for it's location and potential. The rooms are being under sold and it is full in high season.

ChiangMai noon · 03-09-2006, 02:49 PM

^
Wanna go halves on it FF??

friscofrankie · 03-09-2006, 02:57 PM

^If I had the Ducats I think I would. I've shown that place a dozen times, though. Really has potential as a botique hotel, nice (unused) restaurant, classy lobby, big rooms. It ain't turn-key though, needs a good 10 mil invested to make it shine. Think "Rick's" in Casablanca and you wouldn't be far off.

Butterfly · 03-09-2006, 03:01 PM

The key is to have a good restaurant. Not that easy to find a good cook who can stay. And if you need excellent western food, it's another challenge. That on the top of running the hotel. It's like running 2 businesses at the same time.

Many hotels fail to realize the importance of a good restaurant. Most International big ones know it and succeed. In Bangkok, if you want to dine at a good place, you are limited to 5 star hotels. Kind of sad.

friscofrankie · 03-09-2006, 03:08 PM

Quote:

Originally Posted by Butterfly

The key is to have a good restaurant.

Absolutely. this place has one that is NOT USED! Properly run the place could become a decent destination restaurant. if you;rea guest here there is no place within 200 meters to eat. and those are noodle stands.
Big kitchen that needs to be completely remodeled. but the restaurant is pristine, big(ish) bar in it.

DrAndy · 03-09-2006, 07:48 PM

OK and I will take the other halves

18-03-2006, 01:48 AM	#1 (permalink)
dirtydog The Dog Last Online: Today 06:23 PM Join Date: Jun 2005 Location: Pattaya Posts: 33,955	Chang mai Estate Agent Business for sale Chiang Mai, Thailand Looking to own a business in Thailand? Need help along the way? Click here and learn how to become a partner in Real Estate and realise Your dreams! Business Chiang Mai for sale, Business opportunities Thailand Factory for sale Lampang cm11304 - This Factory is located in the beautiful North of Thailand, in Lampang province, approximately 100 kilometres South East of Chiang Mai. Established 20 years ago, the business is achieving annual profits of 1,000,000 baht, from receipts of 1,800,000 baht. The owner is moving overseas, and has no family successor to take up the reins (they are all studying overseas); therefore the freehold property has come to market. The new owner will acquire land measuring almost eight rai (11,524 square metres in total) that has an estimated value of 10,000,000 baht, plus buildings that are worth approximately 6,000,000 baht. The buildings include a factory measuring 2,100 square metres, a 350 square metre house (with four bedrooms, an office and two storerooms) and a two room staff house. Ceramic products are manufactured here, including items such as piggy banks, vases, ashtrays and incense burners. Assets have been valued at 10,000,000 baht, and include two electrical kilns and everything needed to continue keeping the large customer base content. There are 12 full time employees who would almost certainly be keen to continue working for the new owner, and they have a total monthly salary of 35,000 baht. Total Investment To Own: 17 million baht Motel for sale Chiang Mai cm11306 - This Chiang Mai Motel sits in the city suburbs, close to City Hall and a busy restaurant zone. The freehold sale consists of two single storey buildings, with 20 rooms, and parking for each room. The buildings have been valued at 7,000,000 baht, and there is also one rai (1,600 square metres) of land for the new owner to acquire, with a value of 4,500,000 baht. The current owner is moving abroad, and must therefore put the business on the market, after two years of good financial results; annual profits of 6,000,000 baht are being earned, from revenues of 7,800,000 baht. The buildings have total floor space of 1,035 square metres, and the total monthly payroll of 35,000 baht is for 11 full time employees. Total Investment To Own: 35 million baht Ceramic Factory for sale Chiang Mai cm11307 - Owner retirement has prompted the offering of this Ceramic Factory located in Lampang, about 100 kilometres South East of Chiang Mai. The freehold sale includes land of nine rai (14,868 square metres in total) that has been valued at 18,000,000 baht. The enterprise was launched over 20 years ago, and has built up a good customer base over the years; annual receipts of 1,000,000 baht are producing profits of 700,000 baht. The new owner will also acquire the three large buildings, which are worth 2,000,000 baht, and consist of a warehouse, a four room staff house and a two storey house with six bedrooms and three bathrooms. The assets have been valued at 15,000,000 baht, and include three kilns and all the equipment needed to continue trading from day one. The workforce consists of part time labour, and the staff are paid on a commission basis. Total Investment To Own: 25 million baht Packaging Factory for sale cm11178GW - This Chiang Mai Packaging Factory has land measuring 404 square metres and buildings with total floor space of 426 square metres for a new owner to acquire. Established seven years ago, the business is now earning annual profits of 1,500,000 baht from revenues of 9,000,000 baht, but the owner is reluctantly moving on due to an impending relocation. The buildings are estimated to be worth 1,500,000 baht and the land has been valued at 150,000 baht. On site are a warehouse, an office, accommodation for the workforce (10 full time employees) and a car park measuring 90 square metres. Total Investment 4 M. Baht Fast Food Outlet for sale cm01990GW - A new Fast Food Outlet, which proved popular in its first year of business, has recently become available. Located in a good, high traffic area, the Chiang Mai business is 40 square metres in size, and seats 14 customers; rent is 12,000 baht per month until December 2005, rising by 10% on the two year extension option. Total Investment 4 M. Baht Guesthouse for Sale Chiang Mai cm1908GW - This Guesthouse is located in the centre of Chiang Mai’s historic old town, within a short stroll of the Tha Pae Gate. The business has been in operation for four years, and has a steady flow of regular customers; leading travel books mention this enterprise with glowing references. There are approximately 40 rooms, and guests have the choice of air-conditioned or fan cooled rooms. The guesthouse features a restaurant, a lobby lounge bar, parking for eight cars, a laundry, a travel agency, a sauna, a massage parlour and an internet terminal. Total Investment 45 M. Baht Restaurant for Sale Chiang Mai cm1884GW - Northern and North-Eastern cuisine are the flavours of choice at this Chiang Mai Thai Restaurant. The business was only established two years ago, but the owner has decided it is time to retire. The restaurant sits in a charming teak house, on 1.5 rai of land, and seats 600 diners. The land and building package has recently been appraised at 47 M. Baht Food Garden Chiang Mai for Sale cm1549B - A large Chiang Mai Food Garden, with live traditional Thai performances; an investor will get land of 2,488 square metres and a big two level teak building. The ground floor serves unique Northern Thai style dishes, while the upper floor serves a more wide-ranging Thai menu. Open seven days a week, there are 47 employees, 26 of whom are full time. The venue is furnished in traditional Northern Thai style, the atmosphere enhanced by a waterfall, a fountain and a stream. The business was only launched last year, and there are beautiful and valuable assets to acquire here, as the owner has found that they have no time to devote to the business, which is open seven days a week. This venture is often booked up for private functions and parties, and is popular with tour groups who love to soak up the ambience of traditional Thai music and dance amid traditional Thai surroundings. Profits of 3.36 million baht were achieved last year, from revenue of over 10 million baht. Total Investment 45 M. Baht Restaurant and Bar for Sale cm1861GW - This large, rambling, Restaurant and Bar Complex sits on a corner lot, in what is considered to be the best location in Mae Hong Son, near Chiang Mai. There are five buildings, including a bar, dance club, fast food restaurant and two wooden homes with rooms to let and commercial frontage; total land to acquire is 250 square wah. Two tenants provide 30,000 baht per month each in rent. The restaurant and bar combined have seating for 150, serving Thai fast food and a lengthy drinks list to a mixed customer base of locals and expatriates, and both venues enjoy good reputations. The setting is picturesque, close to a lake in the centre of town, with great mountain views. Burmese style temples sit 100 metres away, and bring tourists by the busload. The dining area provides a lovely outdoor setting, as well as providing a covered seating area, and live music features predominantly. This business would be perfect for a lakeside resort, a guest house, or a retail complex. Total Investment 15 M. Baht Chiang Mai Restaurant for sale cm1856GW - This Chiang Mai Restaurant was established two years ago, and features a European menu, set in a tropical garden, with beautiful river views. Mentioned in well known travel guides, the business seats 150 customers in 1,000 square metres of floor space. Annual cash flow is 800,000 baht, from receipts of 9,500,000 baht, and the rent is 15,000 baht per month, with a lease that expires shortly, but has a three year option to extend. Assets have been valued at 500,000 baht. Total Investment 6 M. Baht Motel for sale Chiang Mai cm11029GW - This Chiang Mai Motel is located centrally, in the Amphur Muang region. The single storey building was established in 1994, and features 10 rooms and total floor space of 240 square metres. Each room is air-conditioned and fully furnished, with an individual parking space in front. Total Investment 15 M. Baht Chiang Mai Hotel for Sale cm1735GW - This massive Chiang Mai Hotel, established over 10 years ago, has well over 500 rooms, all with views of the Doi Suthep Mountain. Featuring a swimming pool with bar, a snooker club, sauna, business centre, Thai massage and an airport shuttle bus, the hotel is located in a tranquil setting, away from the bustling downtown area, but within easy reach of all the natural and cultural attractions that Chiang Mai has to offer. There are palatial suites, and spacious convention facilities that can handle a large capacity of 2,000 people. Set on seven rai of land, this is one of Northern Thailand’s premium resort hotels. There is parking for 150 cars and 150 motorcycles, and a massive staff of 300 are employed, commanding a total salary package of 2,000,000 baht per month. The current owner has decided to retire, and is offering this opportunity to an entrepreneur who wishes to take advantage of profits of 20,000,000 baht every year, from receipts of 150,000,000 baht. The total land and building package has been valued at 2.8 billion baht, but the owner is willing to accept less than half that figure as he is eager to change his lifestyle. Total Investment 1.25 Billion. Baht (apr. us$31,250,000) Resort Hotel for sale Chiang Mai cm11186GW - This Deluxe Chiang Mai Resort Hotel has been tastefully completed in Northern Lanna style, and has over 110 exquisite rooms and suites set in lush tropical gardens. Well established, after almost 15 years of trade, the business makes annual profits of 5,000,000 baht, from receipts of 14,000,000 baht. A new owner will acquire the total land and building package which has been valued at 180,000,000 baht. The land measures 5,000 square metres, and is worth 40,000,000 baht, while the hotel structure has total floor space of 7,500 square metres, and is valued at 140,000,000 baht Total Investment 190 M. Baht Chiang Mai Hotel for sale cm11157GW - This 15 year old Hotel sits within the Old City in Chiang Mai, and enjoys 100% occupancy during the seven months of high season (75% levels are attained throughout the rest of the year). Featuring a huge restaurant and marble verandas, the hotel has been described as “a classic tropical oasis”. Annual profit earnings are approximately 2,500,000 baht, from receipts of 5,000,000 baht, and the appraised value of the building and 1,700 square metres of land that will be acquired is 36,000,000 baht. With over 70 rooms, the enterprise functions as both a hotel and as serviced apartments. Total Investment 42 M. Baht Chiang Mai Hotel for sale cm11121GW - This Spa is located inside one of Chiang Mai’s foremost hotels, and measures 260 square metres. The owner is studying for a Masters Degree, and cannot devote enough time to manage the enterprise. Established almost two years ago, the business garners 1,658,000 baht in profit, from annual receipts of 3,631,000 baht. Total to invest 7 M. Baht Mediterranean Restaurant for Sale Chiang Mai Your Email Your Name Property ID of your interest Please provide additional information Contact Real Estate Hua Hin, Thailand __________________ To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts. To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.

03-09-2006, 02:46 PM	#8 (permalink)
Butterfly Suspended Member Join Date: Mar 2006 Posts: 11,590	if you look at the price of land in this country, it makes all the cheap "deals" become expensive. Price of land is as expensive here as it is in Europe, without the infrastructure. That "overprice" land get factored in in all those deals, making them "loosy" investment. I mean paying between 200,000 and 1,000,000 Euros for 1 RAI here depending on the "prime" location, it's crazy. Last edited by Butterfly : 03-09-2006 at 02:56 PM.

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03-09-2006, 06:35 AM	#2 (permalink)
dirtydog The Dog Last Online: Today 06:23 PM Join Date: Jun 2005 Location: Pattaya Posts: 33,955	test.

03-09-2006, 10:48 AM	#3 (permalink)
Rigger Elite Member Last Online: Yesterday 11:22 AM Join Date: Mar 2006 Location: Nongbualamphu/Khon Kaen Posts: 4,108	I have been looking at buying more land for a few years and may have just picked up a good score 8 1/2 Rai 180,000bht Missus is taking the land paper to be checked to day

03-09-2006, 11:15 AM	#5 (permalink)
Spin Senior Member Join Date: Jul 2006 Posts: 7,848	The business for 45 million baht is making rubbish money. If you have the stirling equivalent in a savings account you would get a similar return on the interest alone. Caveat Emptor

03-09-2006, 02:36 PM	#6 (permalink)
Butterfly Suspended Member Join Date: Mar 2006 Posts: 11,590	all those businesses don't have audited books. They could claim whatever they want. I mean 80% profit margin in Thailand ? who are they kidding ? first time travellers maybe Remind me of all the stupid businesses for sale on TV with Sunbelt Asia. A complete fraud. It's a front for selling long term VISA to clueless farangs.

03-09-2006, 02:49 PM	#10 (permalink)
ChiangMai noon ysbryd y nos Join Date: Aug 2005 Location: o dan y bryn Posts: 25,148	^ Wanna go halves on it FF??

03-09-2006, 02:57 PM	#11 (permalink)
friscofrankie Northern Hermit Last Online: Today 04:25 PM Join Date: Jul 2005 Location: Chiangmai, Thailand Posts: 6,815	^If I had the Ducats I think I would. I've shown that place a dozen times, though. Really has potential as a botique hotel, nice (unused) restaurant, classy lobby, big rooms. It ain't turn-key though, needs a good 10 mil invested to make it shine. Think "Rick's" in Casablanca and you wouldn't be far off.

03-09-2006, 03:01 PM	#12 (permalink)
Butterfly Suspended Member Join Date: Mar 2006 Posts: 11,590	The key is to have a good restaurant. Not that easy to find a good cook who can stay. And if you need excellent western food, it's another challenge. That on the top of running the hotel. It's like running 2 businesses at the same time. Many hotels fail to realize the importance of a good restaurant. Most International big ones know it and succeed. In Bangkok, if you want to dine at a good place, you are limited to 5 star hotels. Kind of sad.

03-09-2006, 07:48 PM	#14 (permalink)
DrAndy Oh Fuk Last Online: Today 08:08 AM Join Date: Nov 2005 Location: yes Posts: 8,451	OK and I will take the other halves

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