Asking Price in Thai Baht 3 900 000, reluctant sale due to owners health. Turnkey Business
Probably the best offer on the market, 100% Occupancy since March 2022, All Rooms Rented out. During Covid 40%-60% Occupancy
RENT FREE for 3 months from the date of purchase,
YES It is open and operating,
YES it has been open throughout Covid,
YES have customers,100 % tenanted, FULL, All rooms rented out.
YES It is turnkey business, money coming in on the day of take over from rented rooms
Established 2011, under same ownership, Profitable 17 rooms boutique hotel/guesthouse with a restaurant and a bar for sale.
* All Rooms rented out since March 2022
*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
* High Season coming up, perfect time to step in to make big profits
*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 3 months from the date of purchase
-Rent ONLY 50 000 baht per month
-Key money paid for next 3 years
-Covid: Net Profits during Covid just under 800 000 baht per year. Yearly sales just under 2 million baht per year.
-Prior to Covid, Net 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 3 900 000, with current exchange rate it is $1= 37B,, $106 000
- Into its 12th 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
- Kitchen, bar and restaurant all operational, stocked and fully functional
- Hotel fittings, furniture's, stocks worth over 3,000,000 Baht
- 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.
-Self rating 2.5 star, Expedia awarded rating 3 Star
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
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
*Please note if finance option chosen, rent free and paid up key money does not apply
** Please note company is not included in the sale
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.