Description

(UPDATE! The asking price has been reduced from 3,200,000 baht to 2,750,000 baht, for a quick sale). This Pattaya Guesthouse is located only 100 metres from Jomtien Beach, and has been operating for six years. The present owner has only been in place for the last two years, but is moving on due to his own lack of interest in the business; his indifference is showing in the books, as the business only garners receipts of 1,500,000 baht each year, and more or less breaks even. Nevertheless, the business sits in one of the busiest sois at Jomtien, and with 16 predominantly air-conditioned guest rooms (only three are fan cooled) to utilise the owner feels that there is no reason why the new owner could not make the business a going concern. Each room has an en-suite bathroom and cable television, while there is also a bar with a pool table where guests can unwind and watch all the latest sports broadcasts; this bar has seating for approximately 30 customers, and there is a kitchen for the provision of food, although the owner has never explored this avenue of opportunity. The workforce consists of five full time employees, and they receive 15,000 baht between them each month. Monthly rent is set at 30,800 baht, on a three plus three plus three year lease.

Posted Jan 26, 2011

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