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Ref. #: PHG0093
Type of business:
Guesthouse, Bar, Restaurant
Location:
Central Pattaya
Sale price:
2,400,000 Baht
Seats:
45
Rooms:
10
License Required:
yes
Parking:
Street
Days Open:
7
Hours Open:
24
Furniture, Fixtures etc:
Fully Furnished
Furniture, Fixtures and Equipment Included in the price: Yes |
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Status of building/premises:
Leasehold (rent the building/premises)
Lease Expires:
06/2010
Lease Option:
+2 +2 +2
Key Money:
1050000
Included in Price: Yes
Frequency: 2 years
Monthly Rental:
30,000
Monthly Payroll:
46,000
Reason for Sale:
Owner is retiring
Description:
Established for three years, the business is ideally located in a busy entertainment area in Central Pattaya, just 150 meters from Pattaya Beach. Nine large guest rooms are fully equipped with A/C, TV, separate living and sleeping area, safe, ceiling fan, en-suite with hot water. Occupancy rate was above 70% over the previous three years. An additional room is intended for shorter periods of stay. The rooms alone generate enough income to cover all overheads of the business.
The restaurant and bar seats 45 and is equipped with a large flat screen TV, a pool table and free Internet service. The mandatory CCTV system and an own website are in place. The rent is only 30,000 Baht per month and the lease is renewable again in 06/2010. The Key Money until then is included in the price of 2.4 million Baht. |
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