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Fire Sale 17 Rooms Hotel, Bar, Restaurant For Sale

Pattaya, Chon Buri
Asking Price:
$92,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$158,000 (USD)
Cash Flow:
$100K - $250K (USD)

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

Asking price NOW only 2 900 000/$92 000 or make your best offer.

Hotel was sold in February 2019,for 4.5 million baht/$142 000, buyer paid a deposit however failed to make final payment. as a result price has been reduced for fast sale

- 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.
- Rent 50 000 per month.
- Key money paid till July 2020,(because of keymoney, monthly rent is greatly reduced by 38%)
- 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 around 2.6 million baht per year. Yearly sales around 5 million baht 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:
Owner finance is a possibility, depending on buyers financial status in Thailand, minimum 50% down, the rest over 1-3 years

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.

If interested, please contact the seller through the form on this page.

Property information

Real Estate:

Lease

Lease Terms:

3 x3 x3 rolling lease

Leasehold Rent:

$18,750 (USD) per annum

Location:

Located in South Pattaya, minutes walk from the beach, gym, markets and shopping malls

Premises Details:

Fully licensed, food, alcohol and rooms for rent.
- Rent 50 000 per month.
- Key money paid till July 2020.
- Security deposit of 250 000 paid and refundable upon lease termination.
- All fully furnished rooms, All with AC and Remote controlled fans, LCD TV's, Fridges and everything else.
- Top of the range CCTV System, with sound.
- Top of the range WiFi system, providing stable and strong signal throughout the hotel.
- Kitchen, bar and restaurant all operational, stocked and fully functional.
- 5800 Facebook likes and followers.

Business Operation

Expansion Potential:

An option to add 2 more either superior or deluxe rooms, latest quote 235 000 baht for the 2, bathroom included. Restaurant and Bar has not been worked due to time limitations.

Competition / Market:

Minimal in close proximity.

Reasons for selling:

Owners health, requiring surgery.

Trading hours:

24 hours.

Employees:
4
Years established:
2011

Other Information

Support & training:

Up to 15 days free of charge.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Owner finance is a possibility, depending on buyers financial status in Thailand, minimum 50% down, the rest over 1-3 years

Furniture / Fixtures value:
$90,000 (USD) - included in the asking price
Inventory / Stock value:
$50,000 (USD) - included in the asking price

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