Property Details

Modern Hotel Guesthouse on 4 floors with 20 spacious rooms located on soi Nanai. All rooms have large windows and balconys, king size beds, fridge, TV, Internet WIFI and air conditioning. Full reception area and small restaurant and coffee shop on the ground floor. The business is profitable and there are 2 websites included in the purchase price.

This is a turnkey business available for immediate takeover with an existing staff of 5 with gross salalry of 36,000 Thai Baht/month. Last 12 months revenue (Aug 2009) was 4.65 Million Baht with a net income of 1.72 Million Baht. Full revenue and income figures available.

The business is currently on a lease of 120,000 Baht/month which has been pre-paid until 15 January 2010. The lease expriy date is July 2016 of which a renewal can be negotiated. The asking key money for takeover is 5.5 Million Baht. This is an excellent opportunity for someone who would like to take over an existing and viable business in the Patong area.