Bar/Restaurant with 16 Bedroom Hotel Business For Sale - Wat Damnak, Siem Reap | Property Code 7814

Description

• Price:$79,000

This is an exciting opportunity to take over a turn-key business at the beginning of high season.

The business is a trendy restauarnt ad bar with a 16-room guesthouse and a poolside lounge, located in the heart of the Wat Damnak area, just 400 meters from Pub Street, Old Market and other tourist spots.

Attached to the guesthouse is a popular restaurant/bar, with a seating capacity of 60 guests, with a beautiful, huge, outdoor swimming pool. The bar has a large, permanent performance stage with a giant 4m x 2.5m High Definition LED video screen. It’s the biggest, brightest and highest resolution LED screen in Siem Reap! Perfect for sports, movies, and video backgrounds for live bands!

The business includes a guesthouse with 16 rooms (14 are currently operating) with en suite bathrooms, as well as 4 additional shared restrooms in common areas. The rooms are designed and styled with a beautiful, simple charm. Each room has new, comfortable beds, air conditioning units and wardrobes, and 2 rooms have balconies.

The sale price includes all hotel furnishings, furniture, linens, kitchen and bar equipment required to operate a 16-room guesthouse, with food and bar service for 50 people. Also OTA channel accounts in Airbnb, Booking.com, Hostelworld and Expedia; transfer of building lease to new tenant, business goodwill, and existing stock of guest amenities and bar and restaurant stock.

Sale price of $84,000 includes the security deposit of $16,000 (which you will get back from the landlord at the end of the lease).

Rental price is $2,430/month.

This is a great opportunity to walk-in to an existing business with multiple revenue streams at the start of high season.