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

‎฿9,000,000

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 – 9.00 M

Rental – 270 K / month

Contract 8 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 – 25%

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

Location

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