Having only just completed the move to new premises,
Philip Wylie, newly appointed manager of local consultancy Sunbelt Business
Advisors, the largest business brokerage in the world, is optimistic about
the future of Chiang Mai. While Sunbelt’s segmentation of businesses show
that restaurants, hotels, manufacturing businesses and factories are still
on top of their list, he foresees a great future for any IT-related dealings
in Chiang Mai, which is in line with the government’s efforts to make
Chiang Mai Asia’s IT hub.
Wylie, manager Sunbelt Asia Chiang Mai Office
With an average turnaround time of four to six months,
deals are normally closed after about 25 viewings. “Businesses are not
sold overnight, especially if private persons are trying to do it alone.
They need professional help, and negotiations should only be done through a
professional broker such as Sunbelt, with in-house legal consultancy and
advisories,” Philip added.
Philip sees his first and foremost task is in identifying
serious people and motivated buyers, not withholding the fact that some of
his customers see him with a handful of cash, but lacking any idea or
concept of what they would like to do with it. “In such cases, it is
imperative to ascertain the protection of our listed properties which are
for sale from any possible pitfall,” Philip says. “Both parties have not
only to agree to the deal, but they should also be satisfied with what they
have completed, despite the fact that Chiang Mai is a buyers’ market.”
Philip Wylie, a chartered accountant with a background in
financial management and an MBA from London University, sees Sunbelt’s
role in the North as part of the educational progress, and wishes to give
positive experiences for the future of Chiang Mai. New business ideas such
as the offering of secretarial services, virtual offices, and the
possibility for smaller companies to hire their meeting room, are a
refreshing addition to the local business world, and complete the one-stop
service for foreigners to do business in Thailand.
Sunbelt’s new premises are at 179 Mahidol Road (opposite Niyom Phanich)
and reached through 0 5328 3845 (Phone) or 0 5328 3873 (Fax).