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Listing ID: 3089138

Fire Sale! Profitable 17 Rooms Hotel, Bar And Restaurant For Sale

South Pattaya, Pattaya, Chonburi, Thailand

THB 3,300,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: THB 2,600,000

Cash Flow: THB 5,000,000

Business Description

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

Asking price REDUCED for fast sale, only 3 300 000 or make your best offer.

- 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.
- Rent 50 000 per month.
- Key money paid till July 2020,
- Security deposit of 250 000 refundable upon lease termination(included in asking price)
- Lease transfer 100 000 baht(Included in asking price)
- 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

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
Owner finance can be provided, with 50% down, but would depend on financial situation of the buyer

Reason For Selling:

health and personal reasons

Contact this seller

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