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   Date    Header Price  
-- Hotel/Guesthouse -- Eastern Region -- Chonburi -- --   GE Edit
25/05/2006

Pattaya Hotel and Spa

40 000 000
BKK11588YS - This five storey Pattaya Hotel and Spa sits just 30 metres away from Jomtien Beach, and has 40 rooms and a restaurant. Some of the rooms have great sea views and every room is air-conditioned, with a mini-bar, a refrigerator, satellite television with 60 channels and a private bathroom with hot water, shower and bath tub. The owner’s upcoming retirement has forced the offering of this two year old business, and she will be turning her back on annual profits of 2,340,000 baht, from receipts of 4,800,000 baht. The new owner will be gaining a beautiful modern building, with floor space of 1,800 square metres, a Chanote freehold land title deed, and land measuring 400 square metres. When the building was erected two years ago, the owner spent 30,000,000 baht for the construction and for the land, and a further 10,000,000 baht was spent on the furniture fittings and equipment. As the asking price is just 40,000,000 baht the new owner will be acquiring a building with land at cost price plus a thriving turnkey enterprise. There are 10 personnel in full time employment, and they receive a total monthly salary of 100,000 baht.



Annual revenue 4,800,000 Baht ($120,000)

Annual Owner's benefit (earnings before taxes and depreciation) 2,340,000 Baht ($58,500)

Furniture, Fixtures & Equipment included in the Investment Price 10,000,000 Baht ($250,000)

Your Total Investment to own this business 40,000,000

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