Pattaya Guesthouse

[SunbeltAsiaAdvisor]

Pattaya Guesthouse

Listing ID# BKK13932

500,000THB

BUSINESS SUMMARY

(UPDATE! The owner is now highly motivated to sell, and has consequently slashed the asking price from 1,300,000 baht to just 500,000 baht.) Located in the heart of South Pattaya, this nine room Guesthouse is for sale. Having only opened in early 2009, and are therefore in tip top condition. The current owner has only been in place for the last two months but has come to realize that he does not have the time to manage the establishment due to other commitments.

Monthly rent of 50,000 baht is payable,The Guesthouse sits in a four storey property, with a mezzanine level, that is about 15 minutes from the beach by foot. Only two employees are needed to keep the operations going, and they receive 10,000 baht per month in salary each. The business has been priced to sell, bearing in mind that assets worth 1,500,000 baht are included, and also considering the fact that the guesthouse has been running at a 95 percent occupancy rate.

Although it is early to predict end of year results, the expected bottom line is looking good, with 850,000 baht forecast to be left as net profit after all deductions are subtracted from receipts expected to total 2,600,000 baht. These figures are based on very early results and could easily fluctuate however. New asking price: 500,000 baht.

[sunbelt][/sunbelt]

[gtrwildman]

Can I have more details please?