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Hostel And Bar In Chaweng Koh Samui For Sale

Koh Samui, Surat Thani
Asking Price:
$218,000 (USD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Hostel and Bar in the Heart of Chaweng Koh Samui for Sale and Rent
Listing No. 066-67-04-008

• Business: Hostel, Restaurant and Bar
• Location: Chaweng Beach, Koh Samui, Thailand
• Features: This hospitality brand has been on Koh Samui for over 10 years and has been operating at its current location as a hostel, bar and restaurant since 2014. The hostel itself is almost always fully booked with walk-ins, repeat customers and through hostelworld as it is very highly rated. Because it is only 2 minutes' walk to Chaweng Beach and less than 10 minutes' walk to Soi Green Mango, the bar and restaurant business is significant and thrives during high season. The restaurant is popular with in-house guests, but it has also become a favorite place for guests from other hotels in the area to come for breakfast after they wake up too late!
The bar and restaurant, with seating for around 30 to 40 customers is on the ground floor. The large bar serves a wide range of drinks and toward the back of the building there is a good sized kitchen which currently trades only during high season. On the second floor there is a communal area with big lockers for customers’ bags, 2 showers, 1 WC and a 14-bed air-conditioned dorm room. All the bunk beds have another smaller locker for valuables, a power socket, light and shelving. The third floor is being used for owners' accommodation. It has its own WC and shower, a large living room (currently being used for storage) and a big bedroom. This area could potentially be very easily converted in to an extra dorm room or private room for guests if required. Finally, there is a roof-top garden that is currently used as a private space for the owners, but this too could be turned in to another customer useable area like a great chill-out area for guests to relax and have a drink.
The business comes with a hostel license, a THB 4,000,000 Thai registered company (suitable for the application for 2 working permits), plus the lease is under the company name making the transfer of the business so much easier. This business is established, making money and would be a pleasure to own.
• Tenure: Business Sale and Rent (Leasehold Premises). 5 years with option to renew (Rolling Lease)
• Asking Price: THB 7,000,000

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