19 Room Successful Guesthouse With Elevator In Patong For Sale

Business description

Patong 19 Room Luxurious Guesthouse to Take Over
This hotel in the heart of Patong beach is an ideal spot for vacation in Phuket. It is situated a short stroll from the beach, virtually opposite the world famous Jungceylon shopping plaza and right on the doorstep of both Soi Bangla and the Tiger 2 boxing and entertainment zone.The location is perfect and most commercial ever. It is also on the same road as the local fresh foods market, the always colorful Banzaan Market where there now is an extra evening market.
This hotel is in fact at the top of the street is the expatriate center of Nanai Road, which ensures that cheap eats and drinks are always available, 24/7.
The air conditioned rooms are tastefully furnished and very big for this price range and have free WIFI, cable TV and hot showers. There are laundry and a tour desk right at the front of the hotel.
Taxis are available on the doorstep as are a wealth of restaurants, from traditional Thai street stalls to very high end international cuisine, right there on the street. The hotel has a very optional running website that comes available for the new owner. Extentions are possible, the groundfloor can be used as a restaurant because it is large enough to do that. And on top of the building is a roof terrace with lots of options to use such as a barbeque area or a rooftop garden to relax. When the new owner comes in, the staff is prepared to stay if needed. There also will be a period that the present owner will stay to teach the running of the hotel if the new owner wants that. In case the new owner has to leave the country sometimes, there is a foreigner available to supervise the business on a daily base. The profits on this hotel are very high and the only reason that the present owner want to stop is because he has a great job offer in his home country Finland.
The hotel has 19 rooms and the rental contract is still good for another 7 years. Monthly rent is 135.000 THB and the building owner wants 6 months payment in advance. The key money comes every 3 years and is 1 m THB. For this year it is already paid for. The takeover price comes with a complete Ltd company that gives the new owner the right to have 1 work permit in Thailand. This hotel is ready to take over now and the asking price is 2 m THB than the original asking price. Return on investment is huge and can be proven only to potential over takers if they are present and looked at the business. All accounting is perfectly kept on computer files.

Property information

Real Estate:

Lease

Location:

banzan road Patong