| Date | Header | Price | ||
|---|---|---|---|---|
-- Hotel/Guesthouse -- Southern Region
-- Surat Thani -- --
| Edit | |||
| 22/05/2006 | Investment opportunity, Apartment Hotel |
22 000 000 | ||
| BKK12124JM - This investment opportunity consists of a luxury Apartment Hotel, a Restaurant and a Bar on the southern island of Koh Tao. There are two buildings to acquire, sitting beachside within easy reach of the island’s jetty. Tourist bookings have risen steadily since trading began three years ago, and annual receipts of 7,350,000 baht yielded net profits of 4,200,000 baht in the last financial year. Suites can be reserved for between 2,000 and 3,000 baht per night, and each features air-conditioning, 50 channel satellite TV and a DVD/CD player with a surround sound system. The new owner will acquire one of the buildings, but will have rent and land rent to pay of 29,000 baht per month, on two long leases; one runs until 2018, while the other building’s land lease expires in 2014. The business operates with six full time employees, and part timers are utilised when the need arises. Koh Tao is one of the fastest growing tourist areas in Thailand, and is connected to Koh Samui, Koh Pha Ngan and the mainland town of Chumphon by several daily ferry services. Annual revenue 7,350,000 Baht ($183,750) Annual Owner's benefit (earnings before taxes and depreciation) 4,200,000 Baht ($105,000) Furniture, Fixtures & Equipment included in the Investment Price 5,500,000 Baht ($137,500) Your Total Investment to own this business 22,000,000 Your Initial Cash Investment Needed 22,000,000 Baht ($550,000) Inventory included in the Investment Price 100,000 Baht ($2,500) | ||||
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