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Hotel/Guesthouse/Bar/Restaurant, 40%-60% Occupancy During Covid, Finance Options For Sale

Pattaya, Chon Buri, Thailand
Asking Price:
$129,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$100K - $250K (USD)
Cash Flow:
$100K - $250K (USD)

Established 2011, under same ownership, Profitable 17 rooms boutique hotel/guesthouse with a restaurant and a bar for sale.

*Ideal time to buy, Vaccinations have begun worldwide, borders will re open very shortly, while half if not more of the competition has closed down permanently.. Official Stats 80% of budget hotels and guesthouses have permanently closed down
*DURING COVID, 40%-60% OCCUPANCY, Monthly and weekly stays
*Owner open to all reasonable offers, as original owner recently has suffered a stroke, while he has recovered physically, he still requires medical attention and looking to sell to take care of his health

-Rent normally ONLY 50 000 baht per month, currently paying 25 000,
-Having rent reduced for 2021-2022 is a possibility
-Key money paid till July 2021
-250 000 deposit refundable upon lease termination, included in the sale price
-Prior to Covid, Profits around 2.5 million baht per year. Yearly sales just under 5 million baht per year. Audits, balance sheets, bookings and receipts available.

-Asking Price in Thai Baht is 4 000 000, with current exchange rate it is $1= 31B,, $129 000
-Finance Available(see below)

- Into its 10th year of successful operations, rolling lease, registered with the land office.
- Rolling lease, you will get another 3x3x3 years lease
- Located in South Pattaya, short walking distance to the beach, markets, Tukcom and Walking Street.
- Fully licensed, food, alcohol and rooms for rent.
- Fire & Safety Compliant. Smoke detector alarms fitted in each room and public areas, -Fire extinguishers on each floor, 2 fire exits.
- 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.
- 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
- 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 and coin operated washing machines
- 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, Expedia, Hotels.com Air Asia, Qantas, Al Italia and few dozen more.

Loads of room to improve, due to time limitations and health reasons 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:

3 Years(36 months)Finance, 2 000 000 baht down,60000 baht/month
6 Years(72 months)Finance, 2 000 000 baht down,34000 baht/month

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.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

3 x3 x3 rolling lease, registered lease, no rent increases

Leasehold Rent:

$18,750 (USD) per annum

Living Accommodation:

Penthouse room perfectly suited for owner or manager as it provides total privacy

Location:

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

Premises Details:

Double Commercial unit, over 5 floors, 17 rooms all with en-suit.All rooms have individual AC.

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:

Very minimal, as most hotels nearby have closed down permanently

Reasons for selling:

Personal health reasons, owner had a stroke

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:

3 Years(36 months)Finance, 2 000 000 baht down,60000 baht/month
6 Years(72 months)Finance, 2 000 000 baht down,34000 baht/month

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

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