Rent Free 1 Year- 17 Room Hotel/bar/restaurant

Price: 3,900,000 THB
Area/Neighbourhood: South Pattaya

Rent FREE 1 Year- 17 Room Hotel/Bar/Restaurant,Covid Occupancy 40-60%

Asking Price in Thai Baht 3 900 000, due to owners health all reasonable offers will be considered
Probably the best offer on the market, for an open and functioning business during Covid
Rent FREE for 1 year from the date of purchase,
Established 2011, under same ownership, Profitable 17 rooms boutique hotel/guesthouse with a restaurant and a bar for sale.
*DURING COVID, 40%-60% OCCUPANCY, Monthly and Weekly stays
*Ideal time to buy, Official Stats 80%-90% of budget hotels and guesthouses have permanently closed down
*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 FREE for 12 months from the date of purchase
-Rent normally ONLY 50 000 baht per month, currently paying 25 000,
-Having rent reduced for 2021-2022 is a possibility
-Key money paid for next 3 years
-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, 3 road, 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
- 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.

Contact this advertiser