Well-established Small Guesthouse in the Heart of Chiang Mai
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  • Well-established Small Guesthouse in the Heart of Chiang Mai
For Sale and Rent

Well-established Small Guesthouse in the Heart of Chiang Mai

Listing Number:

  • 066-10-01-050

Asking Price:

  • ฿ 900,000

Accommodation Guest House / Rooms for Rent
Thailand Chiang Mai Mueang Chiang Mai

Business Details

Current Staff:

  • 3 Full-Time Salaried

Licenses:

The following licenses are included:
  • Food
  • Alcohol
  • Rooms for Rent

Accommodation Capacity:

  • 17

Number of Guest Rooms:

  • 4

Average Occupancy:

  • 61 - 70%

Average Monthly Electricity:

  • ฿ 4,800

Average Monthly Water:

  • ฿ 1,300

Property Details

Tenure:

  • Business Sale and Rent (Leasehold Premises). 3 years with option to renew (Rolling Lease). Next renewal will be on 1 August 2020

Rent:

  • ฿ 20,000 per month. Payable monthly in advance

Key Money:

  • ฿ 20,000, due upon commencement of lease. Frequency of Payment: Paid once only

Connected Utilities:

  • Power
  • Water
  • Internet

Stock:

  • Stock at the time of settlement is Included in the asking price

TV:

  • 1 Screen/s. ฿ 350 per month

Internet:

  • Connected at the cost of ฿ 630 per month. Wifi Enabled.

Price Negotiable:

  • Yes, near offers will be considered

Agent's Comments

This is a small, single shop-house guesthouse is very well run by a wife and husband team including a very tidy little cafe/restaurant on the ground floor. It has around 8 years of trading history and with a good online profile ensuring regular custom through the year, especially in Chiang Mai's high season. It is located on one of the Old City's charming tourist streets and with excellent passing foot traffic. The kitchen is well equipped and roomy with an excellent menu. The four guestrooms include one larger room with 10 bunks. There is also a well-appointed relaxing area for guests to hang out together.

The business is well run, with good records. The new owner need only show up as stock on hand will be transferred and the sellers are quite happy to provide advice and support on transition. This would be a perfect business for a single person to take over, or even better if a couple, thereby keeping costs down and continuing with a friendly and family atmosphere.