Highly Rated Boutique Bed & Breakfast for Sale

Ref: Z8QI3XSP
Category: Business & Commercial: Commercial/Projects/Buildings/Hotels
Location: Bangkok, Bangkok

Posted by: Bangkokventures686
Phone: [Only for registered users]

Posted on: Jun 17th 2017 (expires in -10 days )
Price: THB 9,000,000
Description:
Asking Price: 9 Million Baht

Location: Central Bangkok, Sathorn District near the Chao Phraya river
Lease: 9 years Remaining (3+3+3+1)
Monthly Rent: 86,000B
Current Capacity: 16 Private Rooms (8 Ensuite + 8 Offsuite), 1 Dorm (8 beds)
Capacity after completion of expansion: 18 Private Rooms (10 Ensuite + 8 Offsuite), 1 Dorm, 3 Private Apartments, 1 Private Apartment for Owner/Manager

This Boutique Bed&Breakfast hotel is located in a tranquil Thai neighborhood near the river in the Sathorn District in downtown Bangkok. It has a modern interior design with lots of space and light. The building is well maintained and clean and is confirmed by the reviews of our customers.

The B&B is currently up and running for 3 years with an established brand and modest profits that have been reinvested back into the property for upkeep and expansion while supporting 2 work permits and a salary for the GM/Owner after overhead.

Opportunity exists to complete the final leg of the expansion which is about 60% complete. This would add 2 more private ensuite rooms and 4 apartments increasing monthly profits to 120-160k. The cost to complete expansion is 2m baht on the high side

In the 3 years that we’ve been open we have been very highly rated with an established customer base and market penetration:

TripAdvisor Travelers Choice Award 2017
TripAdvisor Certificate of Excellence (2015, 2016, 2017)
Ranked in top 10 of 626 B&B’s/Inns in Bangkok
Booking.com (9.1 Superb)
4.8 Stars on Google (Search, Places, Maps)

Accommodation Breakdown after Expansion Complete:

10 Private Rooms with Private Ensuite Bathroom
8 Private Rooms with Shared Private Bathroom (3 private bathrooms per floor. 6 Total)
1 Dormitory (8 beds)
Private Apartments (3)
- Industrial/Loft style, Private Entrance, Ground Level
- One 1 Bedroom/1Bath and Two 2Bedroom/1Bath
Manager/Private Apartment
- Industrial/Loft style, Private Entrance and from hotel side
- 1 Bedroom/1Bath with a garden view on the back of the building

This project offers a great opportunity to take over an existing business that is established and well rated. And once completed will offer a return on investment over the next 5-6 years and continued profits after that.

If interested, please contact Chris (ohmnow@gmail.com) for more details.

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