Priced for quick sale, we no longer have time to run this as our side business.
One building, 4 rooms, 3 bathrooms with showers, lobby, front & back patio. Licensed & legal, can be licensed for a bar in the lobby as well. Parking space behind.
Can be configured as 4 dorm rooms of 4 and 6 beds, for 20 beds total, or as private rooms twins, doubles, 2 rooms could be triple. All shared bathrooms, though the smallest room could be converted to a private bathroom with a quick wall build.
We also created plans to fully remodel to make unique rooming types that can charge higher rates (our design was for 21 people but could be maxed out at 30 people. Or plans to make minimal changes to make 2 dorms, each with a maximum of 22 people.
Property in full running order, with beds, cabinets, fridge, mini-fridge, counters, TVs, computer, tables, couches, chairs, etc. Would benefit from some fixing up, but can be operated as is.
Seller can assist in transitioning, and train on all aspects of running a hostel in Thailand.
The hostel business in Samui is not easy, but the lifestyle is amazing & rewarding. I've watched hostel owners open and think they can sit around and get drunk & high all day and wait for the money to roll in. They failed within 3 months. Daily attention, effort, creativity, motivation, customer service, and flexibility are required to run a successful business in Thailand. This is a hands-on business.
Operating costs are 20-30,000 baht per month. With aggressive promotion, marketing and high customer service, could earn 40-100k as is. With remodeling and maximum occupancy, could earn 100-200k. But honest expectations - we had averaged about 40-50k profits per month when we were operating full time, maxed out at 140k profit in peak season.
I've tried to give a very accurate representation of the business and potential to avoid a lot of back & forth, responses from people looking for something different, etc... I'm very motivated to sell quickly - I've got about 1 or 2 days a month to focus on this business now, so it's impossible to run. It needs a new leader with the time to spend every day making it amazing as it was when it was my main business!
***** If the above description sounds like just what you're looking for, contact me and make me an offer! *****