PattayaInvesments.com
Specification of the Business Code : PB10216
Type of Sale : Leasehold
Type of Business : Leasehold Hotel with restaurant
Location : Soi Baukhao, Pattaya
Purchase Price : 7,500,000
Base Monthly Rental : 100,000
Security on Lease : 2000000
Terms and Conditions : Must return the premise and furniture/fixtures at end of lease
Bldg Size : Double Shop
Seats :
24Hrs. Security :
No. Employees : FT: 6 PT: 0
License Required : Yes
Parking : Parking for 6 motorb
Days Open : 7
All trade fixtures and equipment included except the following items : The lease entitles the buyer to lease the property and use its furnishings. At the end of the lease, the premise should be returned to the seller with all assets included (normal wear and tear expected).
Established : 2
Furniture, Fixtures & Equipments (Current Value In Baht Included in Purchase Price : 0
Inventory at Cost : 0
Gross Annual Cash Receipts Seller can prove : 4,500,000 /
Net Annual Profit (After Expenses) (Seller can prove) : /
Annually / Once Only : 0
Additional Terms :
 
Description
Leasehold Hotel with restaurant

The founder and current owner of this Central Pattaya 23-room hotel and restaurant wishes to retire, so here is an opportunity to walk into an up-and-running business. The base monthly rental is 100,000 baht. The lease will run for 3-years from the date of purchase, (with 2-million baht security on the lease), after which another 3-year lease will be granted, with key money, but with a modest increase in rent.  Yearly cash receipts from this hotel business amount to 4.5 million baht thus earning a 3-million baht annual profit.  Price 7.5-million baht. Freehold at 45-million baht.