Hostel with Dinning Potential in the Midst of Asoke – Business Sale (No Property)

‎฿14,500,000

Description

OFF-THE MARKET SALE

EXCLUSIVE OFFER

Hostel in the Midst of Asoke – Sell Business (Not Property)

Entire building:

•1st floor – restaurant, reception, kitchen 12 x 14 m

•2nd – 4th floor – hostel –

  • each floor 12 x 12 m
  • 18 rooms

•Rooftop – place for bar / dinning•

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Key money – 14.5 M

Rental – 270 K / month

Contract 10 mns + 3 years + 3 years – can extend easily

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Hostel income – 600 – 800 k per month

Hostel salary (2 chefs, 1 house keeper and 3 students receptionists) – 75k

Rental – 270k / month

Misc – 20k / month

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Net profit 200-250k / month
ROI – 20%

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New owner can upgrade place to be also restaurant (groud + rooftop) that can significantly increase profitability and ROI

Location

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