5119 9-Room Guest House with Restaurant and Bar in Patong, Phuket

9-Room Guest House with Restaurant and Bar in Patong, Phuket

Listing No. 66-5119

 

•Business:  Guest House with Restaurant and Bar

•Location:  Patong, Phuket.  100m from Patong Beach and 500m from Bangla Road

•Building:  Standard Shop House Building with entry from the ground level

•Features:  9 modern rooms with air-conditioning, cable TV, en-suite bathrooms, balconies, mini safes and mini fridges.  There is a shared lounge area for guests.  Furnished to a high standard, the restaurant and bar are on the ground level.  Room rates start at 1,300 Baht a night.

•Tenure:  Leasehold, 8 years

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

•Online:  The business is listed with the major online booking agencies and is rated on Trip Advisor

•Rent:  68,000 baht a month

•Car Parking:  Motor bike parking is available out front.  Limited customer car parking is available in the streets nearby

•Business Operational:  Yes

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

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

•Asking Price:  975,000 baht

•Price Negotiable:  Yes, near offers will be considered

•Security Deposit:  136,000 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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