Property ID : 2304440
Buy $300,000 - Business
SEAPS is Proud to Present……
Located in the heart of the tourism area with easy access to the riverside, museums, the Royal Palace etc. The property was renovated and became operational in June 2016 and has since been successfully and profitably run.
The property has two parts to it, the main part is the hotel with 47 bedrooms over ground and three upper floors, adjacent is the restaurant area with 56 seat with rooms above, combined offering approximately 765 sqm.
The hotel has a 15 year lease with 12 years remaining, the restaurant has a 12 year lease with 8 years remaining, the combined rent is $8,700 per month and the security deposit is $75,000.
The business sale, includes all the fixtures and fittings, business licences, Facebook page and accounts with Expedia, Booking.com and Agoda, including 13 staff, whose salaries amount to $2,500 pm.
The asking price is $300,000 including the security deposit. If you are looking for a profitable medium size hotel in the heart of the tourism area, then book a viewing today!