0586 27 Room Hotel 10 minutes from Patong Beach

27 Room Hotel 10 minutes from Patong Beach Listing No. 66-0586     Business:  Hotel in 4 million baht Thai Limited Liability Company Location:  Patong Beach, Phuket, Thailand (10 minute walk to the beach) Size:  5 floors of approximately 230m2 each floor Features:  27 guestrooms, each with double bed or 3 beds, air-conditioned, en-suite bathroom, TV, WIFI, mini-safe, toiletries and minibar.  There is a 40-seat restaurant and lounge bar on the premises, however it is sub-leased for 50,000 baht a month.  About 30% of the hotel bookings come through Face Book meaning that booking agency commissions are minimal. Tenure:  Leasehold, period negotiable and renewable Staff:  currently 4 staff with a combined monthly payroll of 43,000 baht.  Staff have expressed interest in remaining at the hotel after its sold Licenses:  Hotel, food, alcohol and tobacco licenses included Stock:  Stock remaining at time of settlement is included in the price Online:  The hotel has a current website and a Face Book page which will be transferred to the new owner if required.  Also listed on major booking channels like agoda.com, booking.com, hotels.com, expedia, etc, and rated with Trip Advisor in the top 15% ‘Specialty Lodgings’ section Rent:  140,000 baht a month for the first year, then 160,000 baht a month.  Taking account of the sub-lease of the restaurant (from 1 August 2015), rent is 140,000 less 50,000 = 90,000 baht for the first year, then 110,000 baht beginning from the second year. Utilities:  About 30,000 baht a month Security:  3,000 baht a month Car Parking:  Public car parking is available in the street Business Operational:  Yes Revenue:  About 6.5 million baht per annum for accommodation revenue only.  Net Profit:  About 1.6 million baht per annum 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:  N/A Key Money:  N/A Sale Terms:  10% deposit and balance within 30 days 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 Friday and between 1000 and 1300 Saturday. Agents:  No Agent inquiries please

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