A very rare opportunity to purchase a 'turn-key' & established business (2010) with an existing experienced 'Western Manager' and an annual turn-over close to 40,000,000 Baht. We have kept our daily sales records from our computers system go and have two company bank accounts enabling potential buyers to verify our turn-over & profitability. Any buyer would receive their investments back in under 2 years.
The business consists of 4 units (two double units joined internally) in the very popular Soi Buakhao area within walking distance to LK Metro, Beach Road & Central Pattaya. This area is popular with ex-pat, tourists & regular visitors with many restaurants, bars & entertainment venues ensuring a good flow of customers all year.
Currently held by a 6 million Baht Thai Company enabling 3 work permits the business. The rent is extremely low at 170,000 Baht paid monthly and there is 'no key money'. We have been at this location since 2010 and there is a brand new 3 year rolling lease in place. All licenses are in place, guesthouse licenses, alcohol licenses, food licences, music licenses and yearly company balance sheet completed June 2019.
The business contains two well known and popular restaurants called 'Steak & Co. & Smokin' Joe's BBQ' there seating for over 100 customers, both are well equipped and have a loyal team of staff many of whom have worked with us since opening. We are popular on both FoodPanda & Grab Food with over 2,000,000 Baht in sales revenue from food deliver alone. We accept Visa & Mastercard and shortly Ali Pay & WePay. Both restaurants have received TripAdvisor Certificates of Excellence each year since opening.
Above is a 18 room guesthouse & two rooms used as staff quarters (maid & European manger). There are 3 Jacuzzi rooms & 15 deluxe rooms, we have a CCTV, 24 hour reception, high speed fibre Wifi and are listed on Agoda, Booking.com, Expedia and our own bespoke website (https://www.steakcoguesthousepattaya.com) and operate around 70% occupancy with many returning loyal customers.
We have invested heavily in the business and continue to do so each year to maintain our high standards, we estimate there is 5,000,000 is movable assets in addition to the annual profits.
Nissan Car (Purchasing products that are not delivered from Makro etc) 300,000
Motorbike (as above) 15,000
17 Rooms All Equipped with large screen TV's (50 inch up), 17 air cons, beds, fans, fridges, safes, Sealy mattresses, cotton sheets & bedding 2,000,000
La Marzocco Coffee machine & Grinder 350,000
Wine Emotion 8 Bottle Wine Dispenser 600,000
Piron Professional Combi Oven 400,000
9 Stainless Steal commercial Chillers 300,000
6 Freezers 60,000
2 Vacuum Pac Machines 80,000
1 Sous Vide Machine 50,000
4 Triple Drinks Cabinets 120,000
2 Piron Ovens 100,000
Tables & Chairs 200,000
5 Large BYU Central conditioner units 250,000
We are active on Facebook, Instagram, Trip Advisor & Google Business and in the process of joining Chinese online review groups