Posted February 28, 2020 at 1:49 pm by Asian Business Brokers

1205020 40 Room Budget Hotel with Massage for Sale in 3rd Road Pattaya, Thailand

40 Room Budget Hotel with Massage 3rd Road Pattaya

Listing No. 066-12-05-020

  • Business:  Budget Hotel
  • Location:  Pattaya, Thailand
  • Features:  This 40 room budget hotel is located on the 3rd road Pattaya. Each room has their own electricity meter meaning that they could be rented out long term with cost recovery for used electricity. The hotel was recently refurbished. There is also a separate, but adjoining shop recently set up as a massage shop fully equipped with brand new massage chairs ready to get started. A new owner could develop this massage and run it as part of the hotel business or sub-lease the space to reduce the net rental cost.  All rooms are accessed by two stair cases so there is scope if a new owner wanted to convert one of the stair wells into an elevator shaft to provide elevator access to the rooms. Most of the rooms are fully furnished in standard hotel furnishings like king-sized bed, mini fridges, closets, etc with some currently not being used. All rooms have keycard access and power activation, cable TV, WIFI, safety box, en-suite bathrooms and are air-conditioned. The location is very convenience for the guests to explore local markets, restaurants, convenience stores, fitness and retail shops as it is only 240 meters from the 3rd road and South Pattaya intersection, and walking distance to Walking Street the nightlife spot in town.  A 4 Million THB Limited Liability Company is included in this sale offer if required.  Asking price includes stock on hand at the time of transfer and the owner will assist with transitioning.  Financial records are available and may be viewed upon Inspection AND after completing a Non-Disclosure Agreement (NDA).
  • Tenure:  Business Sale and Rent (Leasehold Premises). 3 years with option to renew (Rolling Lease).
  • Asking Price:  THB 3,000,000
  • More Information:  Please contact us for more information (we require your name, phone number and e-mail address)

Thailand is a great country to do business. Be your own boss by taking over an existing business than starting a new business if you are unsure how to start a company. Business for sale in Thailand is your best choice and you can look for our business broker for assistance or business advisor to advise you further in your business needs.