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Double fronted Bar and Guesthouse for Sale

Ad Description

The Barracuda Bar and Guesthouse is a double fronted establishment 500 Meters up from the Dolphin rounderbout on Naklua Road Pattaya IT is one of the most well known establishments in North Pattaya the current owner has had the business for 14 years but now wishes to retire from the hospitality business. The premises have 6 well appointed guest rooms all with flat screen TVs air-con and On suite shower rooms and toilet two of the guestrooms are of a 3 star hotel standard and have double glazing, currently listed on Agoda as number 5 out of more than 600 Guesthouses and Inns in Pattaya..
There is a large bar with outside seating area situated on the ground floor and a 40 square meter fully equipped kitchen to the rear of the building. The bar has both ladies and gents toilets and has seating for 70 customers, all fixtures and fittings are included in the price including 4 large flat screen TVs and a large HD projector for showing all the latest music videos and sports, a point of sale computerized till system and a good quality sound system 3 bottle fridges and numerous kitchen fridges and freezes, this is a walk in and start business and is currently fully operational.
There is 2 years and 8 months left on the current lease with option to renew. No key money when transferring the lease is required. Rent is 840000 per year, next rent payment is due 31st August 2018 and the payment for the next 6 months is 420000 Baht. An additional payment of 14000 Baht per month is also paid to landlord on 1st of every month.
Please note the 3 million price is only valid until 31st August if we pay the next 6 months then this will be added to the sale price. reduced from 5 million Baht for a quick sale.
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