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Listing ID: 2763194

Profitable 17 Rooms Hotel, With Bar And Restaurant For Sale

3 Road, South Pattaya, Pattaya, Chonburi, Thailand

THB 4,500,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: THB 2,600,000

Cash Flow: THB 5m & above

Business Description

A well established, profitable 17 rooms boutique hotel/guesthouse with a restaurant and a bar for sale.Finance Available

Asking price only 4 500 000

- Into its 8th 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.
- Rent 50 000 per month.
- Key money paid till July 2019, then 300 000 per year
- Security deposit of 250 000 refundable upon lease termination.
- 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, even includes coin operated pool table. 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:
Option1. 50% down(2 250 000 baht) the rest over 3 years with 5% interest per year(67500 baht per month)
Option2. 50% down(2 250 000 baht) the rest over 5 years with 7% interest per year(44600 baht per 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 2,000,000

Real Estate Value:

THB 30,000,000

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:

4

Trading Hours:

24 hours

Support & Training:

Can be provided FREE of charge for up to a month to ensure smooth transition. After that paid arrangements can be made.

Miscellaneous

Financing Available:

Yes
Finance Options: - Option1. 50% down(2,950,000 Baht) the rest over 3 years with 4% interest per year (87,100 Baht/month) - Option2. 50% down(2,950,000 Baht) the rest over 5 years with 6% interest per year (57,100 Baht/month) - Option3. 33% down(2,000,000 Baht) the rest over 3 years with 7% interest per year (120,450 Baht/month) - Option4. 33% down (2,000,000 Baht) the rest over 5 years with 9% interest per year.(81,000 Baht/month)

Reason For Selling:

Finance repossession, original owner already moved on to another project.

Contact this seller

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