0003 Budget Guest-House 150m from Khao Sarn Road, Bangkok

Budget Guest-House 150m from Khao Sarn Road, Bangkok

Listing No. 66-0003

 

 

• Business:  Guesthouse
• Location:  Khao Sarn, Bangkok, Thailand
• Building:  Shop-house building of 3 levels with entry from the ground level
• Size:  approximately 122m over 3 levels, however most of the ground floor is sub-leased, leaving approximately 92m2 for guest-house use
• Features:  2 floors of 3 rooms each = 6 rooms.  Rooms have a bed, bathroom (with hot and cold water) and an air-conditioner.  Hotel linen is provided with the sale.  Entry to and from the building is by card so the reception desk need only be manned during check in and check out times.  Most of the ground level is sub-leased to another business and is not included in the sale.
• Options:  The business is operated within a 2 million baht Thai Limited company, which may be transferred to the new owner if required
• Tenure:  Leasehold, 3 years renewable (commencing 1 February 2015)
• Staff:  currently 2 staff with a combined monthly payroll of 16,000 baht
• Stock:  Stock remaining at time of settlement is included in the price
• Online:  The guest-house is listed with the major booking agencies like agoda and booking.  Online rates vary between 750 baht and 1,000 baht a night
• Rent:  80,000 baht a month, however the ground floor space is sub-leased for 45,000 baht (during 2015), then 50,000 baht (2016) meaning that the rent on the guest-house is only 35,000 baht a month now and (in 2016) only 30,000 baht
• Utilities:  About 5,000 baht a month for the whole building.  The tenant in the ground floor space reimburses 4,000 baht, meaning that utilities for the guest-house are generally only 1,000 baht a month
• Car Parking:  Limited street parking only
• Business Operational:  Yes – opened April 2015
• Transition:  The owner will assist in transitioning the business for a short period after settlement, if required.
• Reason for Selling:  Owner moving to France
• Revenue:  not stated
• Net Profit:  not stated
• Financials:  May be made available to genuine buyers, only after inspection
• Asking Price:  3.5 Million Baht
• Price Negotiable:  Yes, near offers will be considered
• Security Deposit:  160,000 baht paid at the time of settlement to the Landlord.  Subject to compliance with the rental agreement, refundable upon termination of lease agreement
• Key Money:  N/A
• Sale Terms:  10% deposit (to secure the business and remove it for sale) and the balance within 30 days.  Ownership does not transfer until payment has been received in full
• More Information:  Further details will only be provided after inspection
• Inspections:  24 hours’ notice is required to inspect this business.  Inspection times are between 1000 and 1700 Monday to Saturday.
• Agents:  No Agent inquiries please

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