Pattaya Minimart And Apartments For Sale

Business description

This well established minimart on a busy road into Jomtiem and Pattaya is profitable, and also benifits from three fully furnished apartments for rent above.Each apartment rents for between 9 and 12,000 baht per month.We are currently fully booked for the next 5 months

Property information

Real Estate:

Lease

Lease terms:

we have a 3 + 3+ 3 year lease, we are 6 months into it, there is a 10 per cent increase in rent every 3 years, rent is 44,000 baht per month

Leasehold rent:

$44,000 baht per month per annum

Living accommodation:

floor 2 a two bedroom apartment fully furnished with cable tv, and internet / phone line connection., air con floor 3 a 100 sq mewtre one bedroom apartment fully furnished with air con, cable tv, wifi floor 4 same as floor 3

Location:

We are located on a busy A road, next door to a 2000 pupil college and opposite a large weekend market, we are surrounded by condo blocks and have a large amount of passing traffic, the asking price is 4 million baht which includes 450.000 worth of stock and 300,000 worth of fixtures and furnishings

Premises details:

the building is 4 storeys the ground floor minimart which is a double fronted store, the first floor has a two bedroom apartment fully furnished. the 3rd and 4th floor are large one bedroom apartments. which are also fully furnished. The building has wifi internet and a four camera cctv system. We have 2 x 1000 and 1 x 2000 litre water tanks located at the rear of the building. All apartments boast hot showers, large bathrooms and living areas.

Size in square feet:

100 sq metre

Other information

Expansion potential:

You may wish to buy a franchise for the business as a 7/11 or family mart. You may wish to stock more household goods with a higher margin, we have worked to widen the range of products sold to incorporate products with higher profit margins than the traditional minimart stock.

Competition / Market:

there is a 7/11 store approx 200 metres away off the main road and unseen from passing traffic and another 7/11, 250 metres away in a petrol; station which is unable to sell alcohol

Support & training:

a two week training period will be offered by the owner, all staff are fully trained in the workings of the shop, one member of staff speaks english

Reasons for selling:

we are moving back to the familt home in Korat due to family poor health

Trading hours:

24/7

Furniture / Fixtures value:

$300,000 (included in the asking price)

Inventory / Stock value:

$450,000 (included in the asking price)