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#Business ID: 10112
Business Location: Jomtien, Pattaya, Chonburi, Thailand
|Asking Price: THB 15,000,000||Revenue: THB 24,000,000||Cash Flow: THB 300,000|
Highlander Bar and Apartments are the best of both worlds in the relatively quiet laid back atmosphere just behind Jomtien Beach (fastest growing beach community in Thailand) and just a few minutes drive into Pattaya, where you have everything that this rapidly growing city has to offer. There is the famous Baht Bus, Motorcycle Taxis running frequently within 500 metres of Highlander and easy access to other forms of access such as the bus to the Bangkok Airport (Only 1hour 15 minutes by Taxi) - Lots of passing trade and many return patrons for bart and apartments
Highlander Bar and Apartments is a Freehold business for sale that has been operating under the same management and ownership for close to 10 years and is owned by a Registered Thai Company. The business is for sale because of the failing health of the onsite manager and part owner The fully Serviced Apartments are larger than a standard hotel room. More like a luxury suite. They are all appointed with modern facilities, full bathrooms and kitchenettes. They all have air conditioning and Double Glazed windows to keep out the noise and heat from outside. There are 8 apartments in the complex with an additional Penthouse Apartment being used as a residence by the current on site manager that takes up the whole of the 4th floor. On the ground floor at the Highlander Apartments is a cozy and stylish bar and cafe, with an outdoor decking and lounge area, modern pool table, Cable TV for sports viewing, WiFi, well equipped Kitchen, beautifully decorated decor and a regular clientele of locals and visitors
Competition for Expats Bars in this area is around 10 minutes walk to the closest and with many licensed bars in Jomtien Pattaya, this is a fair distance between watering holes. There is a local diving school around the corner that exclusively books their customers into Highlander based on proximity, prices and good clean rooms. Highlander gets many return customers from this and people have stayed here previously. Many of the fly in, fly out workers like to stay here.
Up to this date, the Highlander has not used the resources of the online booking agencies. use of these could see even higher room occupancy rates which then equates to more bar dollars.
Highlander Apartments consists of 4 floors with the Bar and Restaurant / Cafe located on the whole of the ground floor. A private card security accessed doorway leads to a set of stairs to a common corridor on the next two floor with 4 good sized ensuite apartment rooms leading off the corridor. A penthouse apartment is located on the top floor with two way ensuited bathroom occupied by the on site manager. Each room has quality fittings with full bathrooms, kitchenette, air conditioning, double glazed windows, wardrobes, lounge, king sized beds in all rooms, cable TV connections, WiFi Internet.
11am to Midnight depending on patronage
The presnet management will be handy for a short while to assist with training, advice, and access to a good lawyer for company returns
The part owner and on site manager has failing health and the majority share holder lives off shore so a decision has been made to sell the business as a walk in walk out going concern