Backpacker’s for sale – Riverside, Phnom Penh $59,000 (NEW PRICE $44,000 neg)

Yes... we are absolutely interested in your $50,000 bar for sale with 3 stools and no customers.
Bluelabel
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Re: Backpacker’s for sale – Riverside, Phnom Penh ($59,000)

Post by Bluelabel » Tue Mar 05, 2019 3:56 pm

jaggop wrote:
Tue Mar 05, 2019 3:27 pm
Paulo wrote:
Tue Mar 05, 2019 2:45 pm
Is this the same place as topic13432.html?
Yes, but with new furniture, new ACs, a coffee shop outside and other changes - oh, and a new name :)
Ill give you 2000 riel worth of pineapples for it.
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Re: Backpacker’s for sale – Riverside, Phnom Penh ($59,000)

Post by jaggop » Tue Mar 05, 2019 6:20 pm

Bluelabel wrote:
Tue Mar 05, 2019 3:56 pm
Ill give you 2000 riel worth of pineapples for it.
While I definitely appreciate your offer, I may have to turn that down. Because reasons.
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Re: Backpacker’s for sale – Riverside, Phnom Penh ($59,000)

Post by Pineappleandcoffee » Sun Mar 24, 2019 4:25 pm

Are the staff long term or is there a lot of turn over? Are the khmer staff pretty fluent in english? ...and you think committed to continue on with new owner?
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Re: Backpacker’s for sale – Riverside, Phnom Penh ($59,000)

Post by Bluelabel » Sun Mar 24, 2019 4:50 pm

Pineappleandcoffee wrote:
Sun Mar 24, 2019 4:25 pm
Are the staff long term or is there a lot of turn over? Are the khmer staff pretty fluent in english? ...and you think committed to continue on with new owner?
Depends how many pineapples you pay them.
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Re: Backpacker’s for sale – Riverside, Phnom Penh ($59,000)

Post by jaggop » Wed Mar 27, 2019 4:14 pm

Pineappleandcoffee wrote:
Sun Mar 24, 2019 4:25 pm
Are the staff long term or is there a lot of turn over? Are the khmer staff pretty fluent in english? ...and you think committed to continue on with new owner?
The staff are generally long term, with 3 that have been here longer than we have. I am pretty sure all would like to continue with a new owner.
All except the cleaner are fluent in English, two even have degrees in English, so they are very easy to communicate with.

Most of them, perhaps even 100%, do not currently get pineapples as wage base, but they may be intrigued by the suggestion.
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Re: Backpacker’s for sale – Riverside, Phnom Penh ($59,000)

Post by newkidontheblock » Mon Apr 01, 2019 3:12 am

Is there generator back up power? Or when the EDC power cuts roll in no more lights, fans, and aircon?
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Re: Backpacker’s for sale – Riverside, Phnom Penh ($59,000)

Post by jaggop » Mon Apr 01, 2019 12:29 pm

newkidontheblock wrote:
Mon Apr 01, 2019 3:12 am
Is there generator back up power? Or when the EDC power cuts roll in no more lights, fans, and aircon?
Unfortunately not, no. The wiring is very sensibly done, though, so you'd be able to connect a generator according to how much you want running on emergency power.
Would probably be good to buy a generator - though not right now, where they are running at ridiculous prices. Most guests are actually quite relaxed about the power cut thing, so currently we spare the ACs a bit.
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Re: Backpacker’s for sale – Riverside, Phnom Penh ($59,000 NEG)

Post by jaggop » Thu Apr 04, 2019 1:57 pm

I have forgot to mention that the price is negotiable, but I cannot see any way to edit original post?
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Backpackers for sale - NEW PRICE $44.000 (neg)

Post by jaggop » Thu Jul 25, 2019 2:19 pm

A backpackers/bar/restaurant/coffee shop is for sale in the heart of Phnom Penh. Perfect location metres from the popular Riverside area. It is nestled between the local Kandal Market and the busy Riverside promenade. Minutes from The Royal Palace, National Museum, Night market, Wat Phnom & other attractions.

We are a popular bar serving travellers, locals and expats. We started selling high-quality coffee about a year ago and breakfast servings about 2 years ago. There is potential for running a restaurant as the kitchen is equipped with oven, microwave, burners and so forth.

We are open every day from 6 am to 11 pm (and stay open a bit longer if there are customers) and employ 6 staff members, currently looking for a 7th.

We also sell bus/boat tickets generating a minor, but close to work free, profit.

The hostel end of the business has 4 floors with 10 private rooms & 1 large dorm room.

5 x rooms have air-con and fans, 5 x rooms have fans only – the dorm has air-con and fans too. In total, the hostel has 28 beds, with a maximum of 36 people staying. Wi-fi is powerful; a large line and brand-new routers on every floor (three on ground floor).

4 x single rooms
2 x double rooms
2 x Twin rooms
1 x balcony large family twin room
1 x small group room (2 x bunk beds)
1 x mixed dorm (6 x bunk beds)

12 x bathrooms (hot water)
1 x bar
1 x kitchen
3 x storerooms

A refundable deposit of $5100.00 is included in the sale price of the business.

All fixtures, stock and equipment come with the sale of the business.

Selling because one owner needs to return to Denmark soon.

We are a business with a prime location and enjoy a high occupancy rate. This is an exciting business to run for the right person who wants to run their own business and have a new lifestyle. Training and full support will be provided, by the sellers but also by our very competent staff. The right person can make a good profit on this place (we have, however, invested too much to get large profits).

Monthly rent is $2000 with a further 3.5 years on the contract.

We have a separate bidding on the coffee setup of $5000, so price can be reduced with $5000 if you are not interested in continuing the coffee setup.

Please call at +855 87 75 33 64 for more information (or ask here, of course).

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