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Pattaya Center - Hotel & Restaurant For Sale

Pattaya, Chon Buri
Asking Price:
$195,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$100K - $250K (USD)
Cash Flow:
Not applicable

This Hotel, Restaurant & Coffee-shop has been operating since 1998 and was renovated between summer 2017 and 2018. This business is located on the main international hotels road, one block from the beach, overlooking the 5-star hotel parks (Imperial & Hard Rock Hotels). The building is a large three-units shop house with 14 large rooms set with 1 king-size bed and space for optional children beds each. The restaurant has a shaded terrace and an indoor air-conditioned dining-space. A private parking can also take 20 cars up.

With excellent online comments, the occupancy rate has reached 95% during peak season since the renovations. (We will provide some website data and our in-house paper records only. no audited account available). The business has still massive potential to become (for instance) a trendy boutique hotel strategically located between Central Festival and Terminal 21, a fashionable coffee shop with its large open terrace, and a pleasant Mediterranean style restaurant, all at the door-step of the international tourists area. The owner is too busy with other activities in Bangkok and must sell this one-off opportunity to another spirited investor. It is very much a risk-less investment hence the seller is willing to provide some finance facility (partial financing) along an eventual ramp-up training.

The total building rent is only 100,000 baht per month. The key-money is already paid (included in our price) and the lease is dully signed for next 3+3 years (starting mid-2018). There are 6 trained staffs for a monthly payroll of average 70,000 baht. The sale includes the new hotel website and the domain name, the online booking tools with excellent customers ratings (along Google business, Facebook, TripAdvisor, etc.), the renovated restaurant and bar, the new hardware equipment and the stock, the trained staff and a training for the new manager, some finance for the right profile, along the Thai Company (if you don't have one yet) with one work permit.

This is a unique turn-key business opportunity for a buyer wanting to operate virtually worry-free from one of the best area in Pattaya. 6,4M THB or best offer.

Property information

Real Estate:

Lease

Lease Terms:

Lease terms will be detailed to interested buyer

Location:

Right between Central Festival and Terminal 21, in the 5-stars international hotels street.
One block from the beach. Taxi station to airport.

Premises Details:

3 units town-house

Business Operation

Expansion Potential:

Roof top
Back-yard
Large rooms

Reasons for selling:

Too busy

Trading hours:

8:00 to 23:00

Employees:
6
Years established:
20

Other Information

Support & training:

Few weeks training, and advising if needed after the training

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Depending on profile

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