Profitable Guesthouse and Restaurant in a Busy Pattaya Street
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  • Profitable Guesthouse and Restaurant in a Busy Pattaya Street
For Sale and Rent

Profitable Guesthouse and Restaurant in a Busy Pattaya Street

Listing Number:

  • 066-12-02-029

Asking Price:

  • ฿ 8,000,000

Food and Beverages Restaurant
Thailand Chonburi (Pattaya) Pattaya City Central Pattaya

Business Details

Company:

  • A 6 Million THB Limited Liability Company is included in this sale offer if required.

Current Staff:

  • 16 Full-Time Salaried

Licenses:

The following licenses are included:
  • Food
  • Alcohol
  • Music
  • Rooms for Rent

Seating Capacity:
Seating for approximately 54 at:

  • Dining Booths
  • Lounge Chairs
  • Al Fresco (Street/Terrace)
  • Standard Tables

Average Occupancy:

  • 61 - 70%

Average Monthly Electricity:

  • ฿ 70,000

Average Monthly Water:

  • ฿ 6,000

Property Details

Tenure:

  • Business Sale and Rent (Leasehold Premises). 3 years with option to renew (Rolling Lease).

Rent:

  • ฿ 90,000 per month. Payable monthly in advance

Security Deposit:

  • ฿ 100,000.

Connected Utilities:

  • Power
  • Water
  • Internet
  • Satellite

Stock:

  • Stock at the time of settlement is Included in the asking price

Price Negotiable:

  • Yes, near offers will be considered

Agent's Comments

This guest house and restaurant was renovated to a high standard in late 2010 at the cost of around THB 8,000,000. Further improvements were made in September 2014, when the current owner changed the style of the restaurant to the winning formula it is today. The owner states that the annual turnover is around THB 23,000,000 (both guest-rooms and restaurant) with 45% cost of goods sold (COGS). The restaurant has amazingly good reviews online and definitely seems to be a favorite haunt for locals, expats and tourists. The food, service, ambiance and location of course, all contribute to the success of this business, but there are also many other initiatives in place that keep the business thriving. To create an extended dining period to maximize the restaurant sales, there are promotions for repeat customers and tourists to eat-in before peak hours. A delivery option is also available through delivery companies like Foodpanda and Grab as well. Upstairs, there are 12 guest-rooms - 3 jacuzzi rooms and 9 standard rooms. The guests are able to access the rooms externally without walking through the dining room. Also upstairs are 2 staff rooms. This guesthouse/restaurant business is highly profitable with management team and good staff. The owner rarely participates in the day-to-day running of the business. This is a 100% turn-key business and suitable for an investor or a seasoned hospitality business person. In addition to this offer, the same owner also owns another profitable restaurant close by. A discount applies to a buyer who wishes to buy both as a package. If this applies to you, please ask us for details.