Lazy Gecko Cafe & Guesthouse For Sale

If you are looking for a business to buy in Cambodia, you've come to the right place! This is a section where owners can post their businesses for sale and where others in the community can ask questions about starting a business here. Foreigners can own 100% of a business here in Cambodia, and it's a pretty simple process to buy or sell, whether it's a bar, restaurant, hotel, or anything else. Have questions about what paperwork is needed for your company? Ask away. Curious if the expat bar on Street 136 selling for $100,000 is a good deal? Start a discussion on CEO and we'll let you know what we think.
Binturong
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Lazy Gecko Cafe & Guesthouse For Sale

Post by Binturong »

Long established guesthouse & bar / restaurant operating in Phnom Penh for more than fourteen years.
Turnkey operation.
Bar / restaurant can seat up to 50 customers.
Includes popular menu that has a loyal following of expat customers.
Extensive music playlists.
Guesthouse has fourteen rooms over three floors.
Has been listed in Lonely Planet for more than twelve years.
Located in the "Green Belt" at the southern end of Riverside near the palace.
Houses three additional rent paying businesses that provide additional clientele.
Guesthouse lease is for five years.
Cafe lease is for three years.
Legitimate reason for sale.
$55,000
Please call 017 912 935 or email [email protected] for appointments.

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vladimir
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Re: Lazy Gecko Cafe & Guesthouse For Sale

Post by vladimir »

Good location.
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Anchor Moy
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Re: Lazy Gecko Cafe & Guesthouse For Sale

Post by Anchor Moy »

vladimir wrote:Good location.
Location is great. Haven't been there for ages, but used to hang out there a bit. Nice cafe for a few beers and the rooms looked ok too. There's even an open-air balcony overlooking the street, so you can sit and watch the world go by.
Note to self : must stop by. Good luck with the sale.
Rama
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Re: Lazy Gecko Cafe & Guesthouse For Sale

Post by Rama »

That price is very reasonable IMO.

Verging on being too good to be true...How much is the current rent?
Is the landlord unlikely to renew the lease in 5 years time?

Even if they don't, at $55,000 and for the size and type of buisness in that location and with that reputation any future lease holder should be able to make a healthy profit in 5 years. And if the landlord extends the lease the new business owner would be laughing.

Good luck with sale.
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hanno
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Re: Lazy Gecko Cafe & Guesthouse For Sale

Post by hanno »

Looking at TripAdvisor comments this place needs some serious investment.....
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Cam Nivag
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Re: Lazy Gecko Cafe & Guesthouse For Sale

Post by Cam Nivag »

What does legitimate reason for sale mean?
JessB52
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Re: Lazy Gecko Cafe & Guesthouse For Sale

Post by JessB52 »

I think it means for them, they have a very small child and the restaurant/bar/hotel business takes up more of their time than the child does.

I like the place, sure it might need some investment (but then what place doesn't) but for name, lease, location I think that's a good deal.

Shame they're going, but good luck with the sale!
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Binturong
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Re: Lazy Gecko Cafe & Guesthouse For Sale

Post by Binturong »

Hey guys,
Legitimate reason for sale means after ten years in Cambo, it is time to head home. We want our kid to grow up closer to family.
The place could use some new linen and a lick of paint and that is reflected in our asking price. Details of lease can be discussed in person with any interested buyers and meeting with landlord can be arranged.
Thanks for your interest!
Therapist
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Re: Lazy Gecko Cafe & Guesthouse For Sale

Post by Therapist »

Binturong wrote:Hey guys,
Legitimate reason for sale means after ten years in Cambo, it is time to head home. We want our kid to grow up closer to family.
The place could use some new linen and a lick of paint and that is reflected in our asking price. Details of lease can be discussed in person with any interested buyers and meeting with landlord can be arranged.
Thanks for your interest!
If that's the case,
this is something I would be seriously looking into upon my arrival.
Thanks.
Anchor Moy
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Re: Lazy Gecko Cafe & Guesthouse For Sale

Post by Anchor Moy »

Therapist wrote:
Binturong wrote:Hey guys,
Legitimate reason for sale means after ten years in Cambo, it is time to head home. We want our kid to grow up closer to family.
The place could use some new linen and a lick of paint and that is reflected in our asking price. Details of lease can be discussed in person with any interested buyers and meeting with landlord can be arranged.
Thanks for your interest!
If that's the case,
this is something I would be seriously looking into upon my arrival.
Thanks.
What ??? You want to run a guesthouse ? In Cambodia ? :crazy:
I get the therapist bit better now. LOL.
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