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Listing ID: 3089138

Well Established and Profitable 17 Rooms Hotel, Bar And Restaurant. Finance Available For Sale

South Pattaya, Pattaya, Chonburi, Thailand

THB 3,600,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: THB 2,600,000

Cash Flow: THB 5,000,000

Business Description

Established 2011, under same ownership,Profitable 17 rooms boutique hotel/guesthouse with a restaurant and a bar for sale.

Business was sold in February 2019 for 4 500 000 baht, buyer paid deposit but failed to make final payment, as a result you get to save 1 000 000 baht

Asking price NOW for fast sale, only 3 600 000 baht, which includes below and owner finance possible

-Security deposit refundable upon lease termination-250 000 baht
-Lease transfer as per lease agreement -100 000 baht
-All legal fees for transfer
-Everything in the hotel, company not included
-Finance options below

- Into its 9th year of successful operations, rolling lease, registered with the land office..
- Located on 3 road, in South Pattaya, short walking distance to the beach, markets,
Tukcom and Walking Street.
- Fully licensed, food, alcohol and rooms for rent.
- Fire and Safety Compliant. Smoke detector alarms fitted in each room and public areas, Fire extinguishers on each floor, 2 fire exits and wide enough stairs.
- Rent 50 000 per month.
- Key money paid till July 2020,(because of keymoney, monthly rent is greatly reduced by 38%)
- All fully furnished rooms, All with AC and Remote controlled fans, LCD TV's, Fridges, and everything else.
- All rooms fitted with Bathroom Exhaust Ventilation Fan ie no bad smell.
- Top of the range CCTV System, with sound
- Top of the range WiFi system, providing stable and strong signal throughout the hotel
- Hotel own website with booking engine worth 150 000 baht
- Kitchen, bar and restaurant all operational, stocked and fully functional
- 5800 Facebook likes and followers.

- Hotel fittings, furniture's, stocks worth over 3,000,000 Baht,includes coin operated pool table and washing machines All fittings and stocks belong to the business owner and would be transferred to the new owner.
- Total set up including all renovations and improvements worth over 5 000 000 baht.
- Hotel is contracted and listed through all major online travel sites such as Agoda, Booking.com, Expedia, Hotels.com Air Asia, Qantas, Al Italia and few dozen more.
- Profits just under 3 million per year. Yearly sales around 5 million per year. Audits, balance sheets, bookings and receipts available.

Loads of room to improve,due to time limitations following has not been worked to its full potential
-Bar and restaurant has not been fully worked to its full potential
- An option to add 2 more either superior or deluxe rooms, latest quote 235 000 baht for the 2, bathroom included.
-Bike rental(currently contracted out)
-Tour sales
-Money exchange

Finance options:
Cash price 3 600 000 baht
3 Years(36 mnths)Finance, 2 200 000 baht down,56000 baht/month
6 Years(72 mnths)Finance,2 200 000 baht down,36000 baht/month

Sale is 100% confidential. Any further information, including name, website or anything else would only be disclosed after NDA (Non Disclosure Agreement) is signed in person.

Property Details

Years Established:

2011

Property Type:

Lease

FF&E:

THB 3,000,000

Inventory Value:

THB 100,000

Real Estate Value:

THB 28,000,000

Other Details

Business Location:

South Pattaya,3 road, minutes away from shopping malls, gyms, markets, short walk to the beach and walking street.

Premise Details:

Spread over 2 commercial units, 4 floors on top of a lobby. 17 fully furnished rooms,all with AC,ceiling fans,7 Room types. Top of the range CCTV system worth 100 000 baht, top of the range WiFi system worth 40 000 baht and much more.

Competition:

Offers best value rooms. At this price range, not too many.

Expansion Potential:

Possibility to add 2 more rooms(quoted cost 235000 baht for 2 rooms), also expand bar and restaurant. Due to time limitation, both bar and restaurant has not been worked to its full potential. Bar can easily be converted into Gentleman's Club or Hostess Bar.

Living Accommodation?

Yes
Some Rooms can be given as staff rooms or managers living

Operation Details

Employees:

3-4

Trading Hours:

24 HOURS

Support & Training:

Up to 15 days FREE

Miscellaneous

Financing Available:

Yes
3 Years(36 mnths)Finance, 2 200 000 baht down,56000 baht/month 6 Years(72 mnths)Finance,2 200 000 baht down,36000 baht/month

Reason For Selling:

personal reasons

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