0312 Guest House with Restaurant Near Cicada Market, Hua Hin

 

Guest House with Restaurant Near Cicada Market, Hua Hin

Listing No. 66-0312

 

·         Business:  Guest House and Restaurant

·         Location:  Hua Hin, Thailand.  Close to the beach, water park and Cicada weekend market

·         Building:  Single Shop House, 4 floors with entry from the ground level

·         Size:  approximately 280m2 over 4 levels.  The ground level is 100m2 and the 3 floors above are 60m2 each

·         Features:  This guest house has four rooms (2 double rooms and 2 twin rooms).  Rooms are air-conditioned with en-suite bathrooms (hot and cold water), TV, wardrobes and balconies.  The restaurant on the ground floor seats about 20

·         Tenure:  Leasehold, 5 years renewable

·         Staff:  Currently no salaried staff, but have previously employed for 7,500 baht a month

·         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

·         Rent:  25,000 baht a month

·         Utilities:  About 5,000 baht a month

·         Car Parking:  One car parking space is allocated to the building.  Motorbike parking is available out front of the Guest House.  Limited customer car parking is available in the nearby soi’s

·         Business Operational:  Yes – same owner since July 2014

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

·         Reason for Selling:  Owner moving abroad

·         Revenue:  between 50,000 baht and 80,000 baht a month

·         Net Profit:  About 40,000 baht a month

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

·         Asking Price:  475,000 baht

·         Price Negotiable:  Yes, near offers will be considered

·         Security Deposit:  75,000 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:  50% 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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