0531 16-Room Guest House in Patong with Good Trip Advisor Ra

16-Room Guest House in Patong with Good Trip Advisor Rating

Listing No. 66-0531

 

•Business:  Guest House

•Location:  Patong, Phuket

•Building:  Shop house building 5 floors

•Size:  approximately 500m2 over 5 levels

•Features:  12 standard rooms and 4 twin king bed rooms with balconies, en-suite bathrooms, TV (32”), hair dryers, mini safes, small fridges and air-conditioning.    

•Tenure:  Leasehold, 3 years renewable (3+3+3)

•Staff:  Currently 3 salaried staff, with a monthly payroll of 37,000 baht

•Licenses:  Food and Guesthouse licenses are current and come with the business

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

•Online:  The business is listed with the major online booking agencies like agoda, booking.  It is also rated in tripadvisor in the top 15% of specialty lodgings in Patong

•Rent:  120,000 baht a month from November to April, and 80,000 baht a month between May and October.  Rent is paid six months in advance

•Utilities:  About 17,000 baht a month

•Business Operational:  Yes – same owner since 2012

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

•Reason for Selling:  Owner has other business interest

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

•Asking Price:  1 Million Baht

•Price Negotiable:  Yes, near offers will be considered

•Security Deposit:  360,000 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:  20% 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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