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Fast Food Restaurant for Sale in Bangkok, Thailand

Thailand’s top premium grilled pork: A high-margin, asset-light franchise primed for Modern Trade.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 900 thousand
Run Rate Sales USD 900 thousand
EBITDA Margin 17 %
Industries Fast Food Restaurants
Locations  Bangkok
Local Time 5:03 AM Asia / Bangkok
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 960 thousand (Native Currency: THB 30,000,000)
Reason: The owner's decision to pursue retirement.
Includes physical assets worth USD 13.8 thousand
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Business Overview
1. Market position & footprint (clients & scale)
- Physical presence: Operates 28–38 locations nationwide, consisting of:
8 high-performing company-owned stores in prime locations.
20–30 franchise outlets with long-term agreements.
- Customer demographics: Diverse mass-market appeal ranging from office workers and gym-goers to late-night entertainment crowds (clubbing sector).
- Brand status: Recognized as Thailand’s largest elevated grilled skewer chain with the "highest brand awareness" in the category, driven organically without heavy ad spend until recently.

2. Revenue model.
The company utilizes a resilient Hybrid Revenue Model that diversifies income streams:
- Direct-to-Consumer (D2C): Revenue from 8 company-owned flagship stores.
- B2B/franchise income: Recurring revenue via the franchise system (20–30 outlets), likely including licensing fees and supply chain margin.
- OEM/supply chain: An asset-light production model where the company controls the supply of the proprietary marinated meat and sauces to franchisees.
- Future retail upside: Potential new revenue streams via frozen food distribution in supermarkets (Makro, Lotus’s, Tops) and convenience stores.

3. Promoter experience & management.
- Founder background: The founder originates from the design industry, which explains the strong branding and "elevated" positioning of a commoditized street food product.
- Resilience: The business was founded during the COVID-19 slowdown and grew successfully during the pandemic, proving the concept's recession resistance.
- Operational efficiency: The business scaled to THB 28mm revenue with a lean three-person management team, indicating low corporate overhead.

4. Strategic relationships & partnerships.
- Retail giants (in discussion): The company is currently in discussions with CP All (7-Eleven) to introduce products into Thailand’s largest convenience store network.
- Supply chain: Partnerships with ISO-certified OEM manufacturers, ensuring high quality, scalability, and reduced asset intensity.
Products & Services Overview
1. Core product & service offerings.
The business operates a hybrid model combining direct-to-consumer (D2C) food sales and a business-to-business (B2B) franchise system.
Primary product (the hook):
- Elevated thai grilled pork skewers (Moo Ping): This is the anchor product. It is a premium iteration of a classic street food staple, utilizing an "exclusive IP-protected recipe" derived from a 35-year-old legacy vendor.
- Proprietary condiments: The skewers are paired with a signature Naam Jim Jaew (Thai tamarind hot sauce), which serves as a key differentiator and retention tool.
B2B services:
- Franchise licensing: The company sells a "business-in-a-box" model, including the proprietary grill system, branding rights, and supply chain access.
- Event catering: A dedicated service line for corporate events and weddings, leveraging the brand's premium positioning.

2. Customer profile (who uses them)
Mass market demographic, suggesting the brand has successfully bridged the gap between street food and premium fast casual.
- The convenience consumer: Office workers and commuters seeking quick meals in high-traffic commercial districts.
- The lifestyle consumer: Gym-goers (seeking high protein) and home-diners (ordering via delivery for Netflix binges)
- The night economy: Club-goers and late-night workers, leveraging the brand's 24/7 operating model.
- Tourists & expats: The document notes specific traction with foreign expats and tourists who view this as a safe/hygienic entry point to Thai street food.

3. Consumption dynamics (how they use it)
The business model capitalizes on high-frequency, low-friction transactions.
- Grab and go: Utilizing a lean operating model (small footprint booths), customers purchase for immediate consumption or takeaway.
- Delivery & digital: Strong online presence drives consumption for home entertainment (streaming/gaming) scenarios.
- Bulk/catering: Unlike typical street vendors, Moo Ping is utilized for large-scale social functions (weddings, corporate events), indicating high brand trust and reliability.
- 24-hour cycle: The product serves as a solution across dayparts breakfast/lunch (snack), dinner (meal replacement), and late-night (post-entertainment)
Assets Overview
Tangible assets include essential equipment in company-owned flagship stores and office equipment.
Intangible assets cover the brand and recipes, registered trademark, and various business systems and partnerships such as franchise operations, an expansion playbook, a strategic growth partner, brand equity, and both operating and franchise networks.
Facilities Overview
The business operates from a rented office headquartered in Bangkok and runs over 50 outlets from rented facilities nationwide.
Capitalization Overview
The business is owned by three partners from the same family. There are no debts in the business.
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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