Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Pattaya Hotel, 17 Rooms + Bar + Restaurant Best Offer For Sale

Pattaya, Chon Buri, Thailand
Asking Price:
$78,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$100K - $250K (USD)
Cash Flow:
$100K - $250K (USD)

Asking Price in Thai Baht 2 900 000, reluctant sale due to owners health. Turnkey Business

Probably the best offer on the market, 100% Occupancy since March 2022, All Rooms Rented out. During Covid had 40%-60% Occupancy

YES It is open and operating,
YES it has been open throughout Covid,
YES have customers,100 % tenanted, FULL, All rooms rented out.
YES It is turnkey business, money coming in on the day of take over from rented rooms

Established 2011, under same ownership, Profitable 17 rooms boutique hotel/guesthouse with a restaurant and a bar for sale.

* All Rooms rented out since March 2022
*During Covid, 40%-60% OCCUPANCY, Monthly and Weekly stays
*High Season coming up, perfect time to step in to make big profits
*Owner open to all reasonable offers, as original owner recently has suffered a stroke, while he has recovered physically, he still requires medical attention and looking to sell to take care of his health

Landlord offering new lease 3x 3 x3 with 2 option

Option 1: Rent 80 000 per month, no rent increases

Option 2 : Rent ONLY 50 000 per month, Keymoney 1 000 000 every 3 years, which works out to 78 000 per month. ,No rent increases


-Covid: Net Profits: during Covid just under 800 000 baht per year. Yearly sales just under 2 million baht per year.
-Prior to Covid, Net Profits: around 2.5 million baht per year. Yearly sales just under 5 million baht per year. Audits, balance sheets, bookings and receipts available.

-Asking Price in Thai Baht is 2 900 000, with current exchange rate it is $1= 37B,, $78 000

- Into its 12th year of successful operations, rolling lease, registered with the land office.
- Located in South Pattaya, 3 road, short walking distance to the beach, markets, Tukcom and Walking Street.
- Fully licensed, food, alcohol and rooms for rent.
- Fire & Safety Compliant. Smoke detector alarms fitted in each room and public areas, -Fire extinguishers on each floor, 2 fire exits.
- All fully furnished rooms, All with AC and Remote controlled fans, LCD TV's, Fridges, and everything else.
- All rooms fitted with Bathroom Exhaust Ventilation Fan.
- Top of the range CCTV System, with sound
- Top of the range WiFi system, providing stable and strong signal throughout the hotel
- Kitchen, bar and restaurant all operational, stocked and fully functional


- All fittings and stocks belong to the business owner and would be transferred to the new owner.
- Hotel is contracted and listed through all major online travel sites such as Agoda, Expedia, Hotels.com Air Asia, Qantas, Al Italia and few dozen more.
-Self rating 2.5 star, Expedia awarded rating 3 Star

Loads of room to improve, due to time limitations and health reasons following has not been worked to its full potential
- Bar and restaurant has not been fully worked to its full potential
- An option to add 2 more either superior or deluxe rooms, latest quote 235 000 baht for the 2, bathroom included.
- Bike rental(currently contracted out)
- Tour sales
- Money exchange

** Please note company is not included in the sale

Sale is 100% confidential. Any further information, including name, website or anything else would only be disclosed after NDA (Non Disclosure Agreement) is signed in person.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

3 x3 x3 rolling lease, registered lease, no rent increases

Leasehold Rent:

$18,750 (USD) per annum

Living Accommodation:

Penthouse room perfectly suited for owner or manager as it provides total privacy

Location:

Located in South Pattaya, minutes walk from the beach, gym, markets and shopping malls

Premises Details:

Double Commercial unit, over 5 floors, 17 rooms all with en-suit.All rooms have individual AC.

Business Operation

Expansion Potential:

An option to add 2 more either superior or deluxe rooms, latest quote 235 000 baht for the 2, bathroom included. Restaurant and Bar has not been worked due to time limitations.

Competition / Market:

Very minimal, as most hotels nearby have closed down permanently

Reasons for selling:

Personal health reasons, owner had a stroke

Trading hours:

24 hours

Employees:
4
Years established:
2011

Other Information

Support & training:

Up to 15 days free of charge.

Financing available:

3 Years(36 months)Finance, 2 000 000 baht down,60000 baht/month
6 Years(72 months)Finance, 2 000 000 baht down,34000 baht/month

Furniture / Fixtures value:
$90,000 (USD) - included in the asking price
Inventory / Stock value:
$50,000 (USD) - included in the asking price

Contact Seller

  1. This email address is already registered. Log in to continue.
      1. Postcode not found. Please try again

    1. or
  1. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

By submitting this form, you confirm that you agree to our terms and conditions. Please note that BusinessesForSale.com will send the above details to the seller of this business. Find out more about what we do with your information in our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Trial available.

Sell Your Business