Posted January 25, 2021 at 10:20 am by kuffki

Hotel/Guesthouse-Bar-Restaurant! 40%-60% Occupancy during Covid, Finance Options in Thailand

Established 2011, under same ownership, Profitable 17 rooms boutique hotel/guesthouse with a restaurant and a bar for sale in Pattaya
*Ideal time to buy, Vaccinations have begun worldwide, only a short wait for countries to open up and tourism to return, while more than 50% of budget accommodations have permanently closed down, over 30% of all businesses have closed down, wiping out competition for returning customers
*DURING COVID, 40%-60% OCCUPANCY, Monthly and weekly stays
*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

-Rent normally ONLY 50 000 baht per month, currently paying 25 000,
-Having rent reduced for 2021-2022 is a possibility
-Key money paid till July 2021
-250 000 deposit refundable upon lease termination, included in the sale price
-Prior to Covid, 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 4 000 000, with current exchange rate it is $1= 31B,, $129 000
-Finance Available(see below)

– Into its 10th year of successful operations, rolling lease, registered with the land office.
– Rolling lease, you will get another 3x3x3 years lease
– Located on 3 road, in South Pattaya, 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
– Hotel own website with booking engine
– Kitchen, bar and restaurant all operational, stocked and fully functional
– 5800 Facebook likes and followers.

– Hotel fittings, furniture’s, stocks worth over 3,000,000 Baht, even includes coin operated pool table and coin operated washing machines
– All fittings and stocks belong to the business owner and would be transferred to the new owner.
– Total set up including all renovations and improvements worth over 5 000 000 baht.
– Hotel is contracted and listed through all major online travel sites such as Agoda, Expedia, Air Asia, Qantas, Al Italia and few dozen more.

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

Finance Options:

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

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.

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.