- Updated On:
- May 16, 2022
- 16 Bedrooms
- 16 Bathrooms
Finding a turnkey business in Siem Reap that is in a great location, very close to the city center and that has more revenue streams than just rooms is very hard to find. This is an exciting opportunity! Star Bar and Star Bar Rooms are two turn-key businesses that provide two established and strong revenue streams in a fantastic location!
Location! Location! Location! Star Bar and Star Bar Rooms are in a premium location in the heart of the Wat Damnak area, one block from Hard Rock Café and just 400 meters from Pub Street, Old Market and other tourist destinations. The location is in a high foot traffic area with many tourists walking to and from Pub Street and Old Market!
Star Bar is an entertainment-based pub with a large live performance stage with the brightest and biggest (4m x 2.5m) High Definition LED video screen (not a projector) in Siem Reap. It has a seating capacity of 75 guests right next to a huge outdoor swimming pool. Star Bar has a loyal base of regular expats and is also very popular with the tourists. Sporting events such as Premier League, AFL, World Cup of Rugby, Six nations Rugby, NFL, the Super Bowl, UFC, the Melbourne Cup, Premier League, pack in the customers! Showing movies during dinner time holds the dinner crowd resulting in more sales. The giant LED screen makes birthday parties very fun! Weekend afternoon Movie and a Pizza for the kids is very popular as well!
Just across the pool is the popular Star Bar Rooms with 16 rooms 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, comfortable beds, air conditioning and 2 rooms have balconies. Over 70% of all guests staying in Star Bar Rooms spend money at Star Bar restaurant and bar during breakfast, lunch, dinner, late night pizzas and especially during the famous Happy Hour special from 6-7PM!
The sale price includes all bar and kitchen equipment, a 4-meter x 2.5-meter, High Definition LED video screen (a $10,000 value) and all hotel furnishings, furniture, linens, towels, workshop tools, required to operate a bar and grill and a 16-room guesthouse, with food and bar service for 75 people. Also, OTA channel accounts in Airbnb, Booking.com, Hostelworld and Expedia, all controlled by Siteminder Channel Manager; social media accounts, Sat Bar and Star Bar Rooms FaceBook pages, Instagram accounts and Star Bar YouTube Channel; all branding elements such as food video commercials and social media even ads, transfer of building lease to new tenant, business goodwill, existing stock for bar and restaurant and guest hotel amenities.
Sale price of $89,000 includes the security deposit of $16,000 (which you will get back from the landlord at the end of the lease).
· Bar/Grill and Hotel For Sale – Wat Damnak, Siem Reap, $89,000
· Current rental price for both Star Bar and Star Bar Rooms is $850/month
· Two years remaining on lease and owner is motivated to sign new lease with new terms, up to 10 years
· Premium location near Wat Damnak
· 16 Bedrooms | 18 Bathrooms
· 1 swimming pool
· Total 2,500m2
· Star Bar Restaurant, capacity 75 guests
· Pizza Oven
· Office Space
· Storage/Work Room with tools
· 63 amp power service in Star Bar Restaurant
· City water supply
· Covered, poolside dining area