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   Date    Header Price  
22/05/2006  Investment opportunity, Apartment Hotel22 000 000
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-- Hotel/Guesthouse -- Northern Region -- Chiang Mai -- --   GE Edit
22/05/2006

Guesthouse

1 800 000
BKK12116JS - This Guesthouse is located in a three storey building with nine guest rooms, one of which is currently used by the owner, in a busy Chiang Mai tourist area. The building also has a nicely equipped restaurant with a large projection TV, and a tour and ticketing service. Monthly rent is 16,000 baht, and the three year old enterprise is realising annual net profits of 460,000 baht, from receipts of 1,470,000 baht. The owner has now reached retirement age, and will therefore pass on her turnkey enterprise to a new investor. There is an experienced team of three employees in place, and the lease is currently for three years, with a three year option.


Annual revenue 1,478,400 Baht ($36,960)

Annual Owner's benefit (earnings before taxes and depreciation) 458,400 Baht ($11,460)

Furniture, Fixtures & Equipment included in the Investment Price 500,000 Baht ($12,500)

Your Total Investment to own this business 1,800,000

Your Initial Cash Investment Needed 1,800,000 Baht ($45,000)

Inventory included in the Investment Price 10,000 Baht ($250)

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