Established Pub Restaurant With Apartments Opposite The Beach For Sale

Business description

Old established Pub and Restaurant with Apartments opposite the beach.

Established 2002. Sea front pub and restaurant with 2/3 bedroom owners apartment plus an additional two roof top sea view studio apartments with large garden/terrace and staff accommodation. All have spectacular mountain and coastal sea views.

Pub/restaurant: Tasteful old teakwood British décor, consisting of 240sqm large bar and restaurant with outside seating for 20 cover veranda. Inside seating for 50+ (bench, alcove and armchair with heavy teak and marble top tables). Music sound around, 5 flat screen TV’s, touch screen cash register, fridges, coffee machine, library (over 900 books), CC TV, full A/C, WIFI, ETC.

Kitchen, professionally equipt: Walk in Chiller, 4 large chest freezers, dough mixer, large stainless Hobart convection oven, power hood, gas salamander, bacon & ham slicer, full range of stainless pots, pans and utensils, ETC.

Owners/ or rental apartment: Elevator or stair access to a fully furnished 2/3 bedroom 190sqm tastefully decorated 240 degree mountain and sea views, parquet floor, living area with open plan kitchen, 1 front double-bed sea view, large rear bedroom with mountain views plus WIFI. Plans have been drawn up to convert (at a very low cost) this large apartment into 4-5 on-suit studio rooms 3 with sea views 2 with roof-top and mountain views. This would of course expand the room rental side of the business.

Top floor rental apartments and staff accommodation: Stair or elevator access to sun terrace and tropical garden with two private VIP luxury equipt, with 360 degree views, 80sqm en-suite studio apartments with WIFI.

Roof top and drying area: Large over 100sqm tiled rooftop with possibly the best 365 degree views in Hua Hin currently this area contains makeshift (temporary laundry and store rooms), this area is not utilized to its full potential. As there is but one roof-top restaurant in Hua Hin which is located at the Hilton hotel.

(This is a negotiable turnkey opportunity and ready to go)

Property information

Real Estate:

Lease

Lease terms:

Negotiable

Leasehold rent:

$18,000 per annum

Location:

Situated in downtown Hua Hin centre, directly opposite the beach and harbour, adjacent to a large public car park.

Premises details:

The business is on a large corner plot. The business is set on the 1st (ground), 4th and 5th floors plus very large tiled flat roof, with the floor above the restaurant (2nd floor) becoming available on a long lease, at the end of this month (June 2010).

Business Operation

Expansion potential:

There is potential to expand this business at very low cost converting the owner’s accommodation into 5 on-suit studio rooms also move from doing in house laundry and converting the rooftop drying area into the one of the only rooftop restaurants with elevator access. Plans available.

Competition / Market:

Although there are many bars in town, 90% are mainly small one unit premises, not offering food or comfort for families (plastic tables and chairs by way of furniture and serving up cheap brand local drinks). This business a fully air-conditioned establishment, very tastefully decorated, with comfortable seating either padded booth areas or teak tables and chairs with cushions. Apart from the major 5* resorts there are only two other pubs in town (both Irish pubs) offering air conditioning and comfortable seating, one of which has a live Thai band playing loud rock music (heavy metal), the other one relies on Thai TV by way of entertainment where as This business, is more of a Gastro pub therefore offers good food, service and value for money with up to date sports and news.

Reasons for selling:

The owners have their new business plans in place, and are happy to walk away, leaving the business fully stocked, with equipment in place. The staff (most of whom have worked for the owners for many years) are aware of the plans to sell the business and would be very happy to stay on (depending on any prospective buyer's wishes). As you can see this business is not used too its full potential. The staff are very trustworthy and more than capable of taking care of the everyday running of the business.

Trading hours:

Opening time are from 8.30am till approx 10.30-11pm licensed till late.

Employees:

currently 9 employees

Years established:

9 years (established 2002)

Other information

Support & training:

Support and training could be available if needed (full good will will be handed over).

Furniture / Fixtures value:

$130,000

Inventory / Stock value:

$10,000

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