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Seafront Business And House In Kep Reduced For Sale

Kep, Cambodia
Asking Price:
$55,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Under $100K (USD)
Cash Flow:
Available on request

This is an opportunity not to be missed at an amazing reduced price for serious cash ready buyers able to complete a sale in the next few weeks. A beautiful and unique beachfront 'Bar Grill Guest-room' business for sale in Kep, Cambodia. Includes large wooden beach bar (130m2) with direct access to small beach with stunning views of the sea and islands (we are situated just 800m from Kep pier where boats go daily to and from Rabbit Island.) This stylish property is fully equipped and fully installed with electricity and water, hardwood designer furniture, decoration, bar and service area (including stock) plus separate BBQ hut and kitchen, small wooden cabin, two additional beach huts, sun-beds and tropical landscaped gardens.

Everything is under 1 year and 4 months old so in good condition including electric systems and fusebox, water well for year round supply and two septic tanks for three bathrooms.

Onsite accommodation with three large furnished double bedrooms all with aircon, internal kitchen and storage, three bathrooms with showers, large undercover terrace, parking This would be highly suitable for a family, couples or an individual who wishes to live on site or provide onsite accommodation for management/staff. Excellent business opportunity to further develop beach club, restaurant, bar, guest-rooms. Price includes all buildings, assets, decorations and stock (apart from two paintings and three of the hardwood tables) so ready to go from day 1 of sale.

Lease runs until August 2022 (with possibility to negotiate extension) very low ground rent ($200/month until September 2019, then $450/month until lease expires) and friendly land owner.

The business has developed excellent trip advisor, Facebook, google reviews and also scores highly on booking.com for guest rooms since opening in October 2017. Recommended in international travel guides and and magazines. Well known and frequented by Phnom Penh Expats and residents.

Kep is a coastal town in South Cambodia with an affluent international tourist demographic with a strong French base due to the history of the area, a high volume of weekly visitors from residents and expats of Phnom Penh, Sihanoukville and Kampot as well as having a local community of both khmer and expat residents and business owners. Close to the Vietnamese Border of Ha Tien, gateway to popular island destination of Phu Quoc (Visable from Kep). There are ever improving access routes to this popular region of Cambodia via Flights into Sihanoukville and Phnom Penh, road and train routes to other regions and neighbouring countries and the international Port of Kampot planned to open in 2019 bringing ferries from Thailand & Vietnam. Kep is expected to continue developing and growing in size and popularity as part of this overall uptick in regional and national investment and infrastructure improvements.

Reason for selling: Return to Europe for family reasons after 5 years in Kep.
We are interested in talking to serious, finance ready buyers for a smooth handover. Open to reasonable negotiation for a quick sale


If interested, please contact the seller through the form on this page.

Property information

Real Estate:

Lease

Lease Terms:

5 years in total. Years 1 and 2 at 200US$ per month, years 3-5 at 450US$ per month. Current lease expires August 2020. Possible to negotiate extension with owner.

Leasehold Rent:

$2,400 (USD) per annum

Living Accommodation:

The newly built 3 large bedroomed accommodation - each with aircon and windows/views onto the garden with internal and external kitchens, storage, 3 bathrooms and beautiful terrace is suitable for onsite living for a couple or small family. Two large bedrooms boast wooden floorboards and the 3rd has ceramic tiled floor. All have hardwood professionally handmade furniture. All furnishing and fittings are included in the sale.

Location:

Kep, Cambodia. Highway 33a between Rock Royal Hotel and Rabbit Island Pier. Situated directly on a small beach with access to the sea and views of nearby Rabbit Island. Also ideal for private events (weddings/birthdays etc)

Premises Details:

Set in grounds of 1500m2 the premises comprises a large open area to the front of the property giving way to the main road. The tropical landscaped gardens separate the living area from the bar/restaurant area, which is directly facing the beach and sea with stunning views. The large wooden bar is 130m2 with solid concrete flooring and traditional Khmer grass roof - both professionally installed and laid. A large water well is also onsite to insure year round water supply. WIFI is installed and a strong signal throughout the property.

Size in square feet:
1,500

Business Operation

Expansion Potential:

There is still room for expansion depending on the preferences. e.g. treatment rooms, shop, additional small rooms in garden etc

Competition / Market:

This is a unique business opportunity in Kep. There is one large upmarket restaurant and bar situated approx 3.5km away attached to a small hotel. A row of small local, relatively basic restaurants serving local khmer and western food based in the Crab Market is approx 2 km away. The main public beach is 1.2 km away and tends to be frequented mainly by Khmer people. There is nowhere in Kep which offers a comfortable stylish intimate space where customers can eat and drink. Neither is there anywhere else in Kep which offers access to a small private beach where expats might feel more comfortable sunbathing and enjoying a more secluded situation - This serves exactly these two purpose with a focus of style and comfort.

Reasons for selling:

Owner returning to home country after 5 years in Asia for personal reasons

Trading hours:

11am - late, daily

Employees:
2
Years established:
1 year 3 months

Other Information

Furniture / Fixtures value:
$18,000 (USD) - included in the asking price
Inventory / Stock value:
$4,000 (USD) - included in the asking price
Website:
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Home based:
This business can be run from home.

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