0401 Pub and Guest House for Rent in Koh Phangan

 

Pub and Guest House for Rent in Koh Phangan

Listing No. 66-0401

 

•Business:  English Pub, Restaurant and Guest House

•Location:  Thongsala, Koh Phangan

•Building:  Stand-Alone Pub Building – 2 levels with entry from the ground level, and another building in the back garden area used as a Guest House

•Size:  approximately 400m2 over 2 levels PLUS outside grounds PLUS guest house

•Features:  Businesses like this don’t come up often.  This significant piece of real estate combines business with pleasure.  The main building (the Pub) has 6 rooms and seating for 166 people.  The pool table and darts boards are popular with the patrons.  In the back garden there is a 6 room guest house.  Rooms are air-conditioned and come with typical guest house furnishings, including en-suite bathrooms and terraces.  There are two beer gardens – one out the front and one out the back.  In the main building, there is a large upstairs terrace which overlooks the property’s beautiful gardens.

•Tenure:  Leasehold, 3 + 3 years renewable

•Staff:  Currently 7 salaried staff, with a monthly payroll of 57,000 baht

•Licenses:  Food, alcohol and tobacco 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:  120,000 baht a month if paid 6 months in advance, or 100,000 baht a month if paid 1 year in advance

•Utilities:  About 26,000 baht a month

•Car Parking:  Parking on the grounds for 7 cars and 20 motor bikes

•Business Operational:  Yes – same owner since July 2007

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

•Reason for Selling:  Moving abroad

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

•Asking Price:  N/A – Rental only

•Price Negotiable:  Yes, near offers will be considered

•Security Deposit:   720,000 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

•Lease Terms:  To secure this business, the buyer needs to lodge 20% of the Security Deposit and pay the balance of the Security Deposit and Rent in Advance 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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