16 Room Guesthouse to Take Over

This 4 storey guesthouse is located in the very heart of commercial Patong. It is just a few minutes walking distance to the beach and even less to the night life.
There are currently 16 rooms available but this building has more rooms. There is a 2 bedrooms managers residence, 1 room now used for laundry and 1 room for the staff.

If you become the owner of this guesthouse, you actually become the owner of 3 businesses in stead of 1.

First of all there are the 16 rooms, of which several are rented out for long term, guarantee you, already income the whole year around.

Secondly there is a industrial public laundry with generating 20.000 THB per month but can be increased by expanding the business and marketing of that specific business.

Thirdly is the small bar at the guesthouse that creates an extra income monthly somewhere between 33.000 and 65.000 THB per month, depending on the season. The present owner is planning to increase the bar with an additional roof of about 9 meter in length with a pool table in it.

The take over money will make you owner of the whole guesthouse infrastructure, furniture, bar and laundry. The take over comes with a Thai company and all the documents will be changed to your name as the new director. That means you are directly into business. You can have a work permit within this company.

The monthly rent is 110.000 THB for 3 years. That will increase with 5 % after 3 years and further another extra 3 % for the following 3 years. The rent increase takes place in October 2010. The whole take over comes with a amount of key money. That amount is 300.000 baht to be paid to the owner of the building at the signature of the contract and then every 3 year.

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