Freehold Guesthouse with Restaurant and Bar – Phrom Phong, Bangkok Listing No. 66-0708 · Business: Guest House with Restaurant and Bar · Location: Sukhumvit, Bangkok. 40m walk from Sukhumvit Road and 5 minutes to Phrom Phom BTS · Building: Shop-house of 4 floors with mezzanine level and roof-top · Size: approximately 300m2 over 4 levels including the rooftop · Features: This guest house is long established and conveniently located very close to the Phrom Phom BTS and the M District shopping malls. There are 9 rooms (2 Superior, 5 double and 2 single) with the reception, restaurant and bar on the ground floor. Typically room rates are between 700 baht and 1,300 baht a night. The restaurant seats around 20 at 5 tables and there is seating at the bar counter. Room features include air-conditioning, satellite TVs, mini-safes, tea and coffee making facilities, hot and cold water in the en-suite bathrooms and mini-fridges. The building is equipped with smoke alarms, fire extinguishers and a fire escape. Laundry is done in-house and WIFI is through-out. · Tenure: Freehold · Staff: Currently 3 salaried staff, with a monthly payroll of 43,000 baht · Licenses: Food and alcohol 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. Featured favorably in Trip advisor and other online reviews. Listed with the major online booking agencies like agoda and booking.com · Rent: N/A - Freehold · Utilities: About 13,000 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: Change of vocation · Revenue: About 220,000 baht a month · Financials: May be made available to genuine buyers, only after inspection · Asking Price: 21 million baht · Price Negotiable: Yes, near offers will be considered · Security Deposit: N/A · 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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