Sukhumvit Hotel In Bangkok

[SunbeltAsiaAdvisor]

Bangkok Sukhumvit Hotel

Location: Bangkok

Listing ID# BKK14258

Price: 17,000,000THB

BUSINESS SUMMARY

Bangkok Sukhumvit Hotel

A Sukhumvit based Boutique Hotel has become available for acquisition as the owner no longer has time to operate the business due to recent investment in other projects. Ideally located walking distance from the Skytrain, this hotel has 24 rooms, consisting of 18 standard rooms, 3 deluxe rooms and 3 exclusive Jacuzzi suites. The business is featured on many popular tourist and expat websites and has its own website, which has reservation and booking facilities. Each of the rooms is decorated in a unique style, with vintage Hollywood posters and intricately carved Chinese screens. The hotel encompasses six shop house units joined together with a total of four floors. A bar/nightclub is located on the ground floor, measuring approximately 80 square meters. A pool table is located in the bar and it has been elegantly furnished to create a cozy atmosphere.

There are currently 10 employees working in the business, consisting of receptionists, maids, a handyman and bar staff. The total monthly payroll is 80,000 Baht for all employees and there are three parking spaces on the road for guests to use. The owner made a total investment of 9,500,000 Baht when opening the hotel six years ago, all furniture, fixtures and equipment along with inventory (liquor, towels, bed sheets etc.) valued at 800,000 Baht is included in the sale price. Each room has air conditioning, a television, a DVD player, a safe, hot water, a king sized bed and cable television. Average occupancy for the hotel during the high season is 90% and low season tends to be around 40%.

The monthly rent for the entire premises is 137,500 Baht and there is currently a nine year lease in place which has six years left to run. During the last trading year the business generated total revenue of 9,800,000 Baht, for which a net profit of 4,900,000 Baht was garnered. The owner is willing to include the limited company as part of the sale, with availability for two work permits. This is a real turnkey operation and the owner is seeking a quick sale to pursue his other projects.

Asking Price: 17,000,000 Baht

Making your dreams of being an entrepreneur a reality

26th Floor Fortune Town

CP Tower 2, 1 Ratchadaphisek Rd

Din Daeng, Bangkok 10400

(Phra Ram 9 MRT Station Exit 1)

Tel: 02-642-0213

Fax: 02-641-1995

Website: www.sunbeltasiagroup.com

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