Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Successful Guest House In Patong Beach For Sale

Patong Beach, Phuket
Asking Price:
$740,000 (USD) Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

Price reduction for quick sale.

16 Bedroom Guest House for sale.
Superb location within the Royal Paradise Complex in Patong Beach.
Close to the nightlife and shopping facilities - and a short walk to the beach.
Consistently within the top five of all Patong guest houses listed on Trip Advisor.
Many bookings already in place for the next 12 months or more.
The sixteen rooms consist of ten large double bedrooms with en-suite shower rooms and six even larger rooms with en-suite bathrooms and kitchen facilities.
Spacious reception area, front terrace, unique "garden-terrace" on the third level, and scope to utilise the spacious roof space (possible sunbathing / decking / plunge-pool etc?) if required.
Currently just offering "room-only" but further scope to expand the business by offering breakfast/snacks/drinks from the garden-terrace.

Although advertised in US Dollars, please note that the business is for sale at 23 million Thai Baht.
Freehold sale only.
The valuation by a local real-estate agent is "guide price 25 to 28 million Thai Baht.
Price reduced for quick sale.

The business could (a) be acquired by a someone who wants to continue running it themselves as an "owner operator" or (b) purchased as a "buy to lease" investment. Either scenario makes commercial sense.
We have had many approaches asking if the business is available to lease, so we know that a new owner would not have any difficulty finding a suitable tenant. The business would be able to command a respectable sum from someone who wants to buy the lease, and then achieve a healthy rental figure.
If required, and in order to facilitate a smooth sale, we would be happy to continue to operate the business on behalf of the new owner until a suitable tenant is found.

The price includes all furnishings, equipment and Intellectual Property Rights to the trading name (logo, website etc)

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

Property Information

Real Estate:

Real Property Included

Living Accommodation:

One of the larger studio rooms is currently utilised for "managers accommodation"

Location:

The business is located in a quiet corner of the busy Royal Paradise Complex.
Nearby is the Jungceylon shopping centre, and also the famous Bangla Road district.
Our location is highly envied. Guests are able to walk to all Patong's attractions (beach, shops, night-life) without the need for expensive taxis or tuk-tuks.

Premises Details:

The building consists of two units, allowing spacious rooms.
It is positioned at the end of a terrace of similar properties, and is maintained and presented in excellent condition.
On November 2015 we completed a comprehensive refurbishment program which cost in excess of 800,000 Thai Baht

Business Operation

Expansion Potential:

There is scope to add further rooms by acquiring the adjacent property (currently unoccupied) or to enhance the turnover by offering extra services; breakfast / licenced bar etc.

Competition / Market:

The immediate area has other similar businesses, proving that there is a definite demand for Guest Houses within this area. The nearest competition is currently targeting just the Russian market.

Reasons for selling:

Health issues dictate reluctant sale.

Trading hours:

24/7

Employees:
4
Years established:
The business has been trading in its current format for over ten years, but was operating under the previous owners for many years before that.

Other Information

Support & training:

Existing owner willing to offer support and training (pre and post sale) to new owner(s).

Website:
Login or register to view link

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to the seller of this business. Find out more about what we do with your information in our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here