0516 25-Room Guest House with Bar in Patong, Phuket

25-Room Guest House with Bar in Patong, Phuket

Listing No. 66-0516

 

•Business:  Guest House with Small Bar

•Location:  Patong, Phuket.  Off Thanon Ratuthit Songroipi about 500m to the beach

•Building:  Shop House of 5 floors with entry from the ground level

•Size:  approximately 300m2 over 5 levels

•Features:  23 Standard rooms and 2 twin rooms.  There is a small kitchen on the top floor, with the reception and bar on the ground level.  The bar seats 6.  Common room inclusions like en-suite bathrooms, TV’s (21”), mini safes and fridges with all linen provided.

•Tenure:  Leasehold, 1 year followed by 3 years renewable

•Staff:  Currently 3 salaried staff

•Licenses:  Food, alcohol and guest house licenses are current and come with the business

•Stock:  Stock remaining at time of settlement is included in the price

•Online:  The business has its own website and face book page which may be transferred to the new owner if required.  It is also registered with the major online booking agencies agoda and booking.  Trip Advisor rates it in the top 4% of B&B’s and Inns in Patong.

•Rent:  150,000 baht a month (rising by 10% after the first year)

•Utilities:  Between 16,000 baht and 34,000 baht a month

•Car Parking:  Limited customer car parking is available in the nearby soi’s

•Business Operational:  Yes

•Transition:  The owner will assist in transitioning the business for a short period after settlement, if required

•Reason for Selling:  Owner returning to Europe

•Revenue:  About 4.5 million baht a year

•Net Profit:  About 1.2 million baht a year

•Financials:  May be made available to genuine buyers, only after inspection

•Asking Price:  2.3 million baht

•Price Negotiable:  Yes, near offers will be considered

•Security Deposit:  500,000 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 Friday and between 1000 and 1300 Saturday

•Agents:  No Agent inquiries please

 

 

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