| Date | Header | Price | ||
|---|---|---|---|---|
-- Hotel/Guesthouse -- Northern Region
-- Chiang Mai -- --
| Edit | |||
| 27/05/2006 | Lanna style Hotel |
17 000 000 | ||
| BKK11495GW - This Lanna style Hotel was only opened in Chiang Mai last year, and is consequently in perfect condition. With two storeys and 32 rooms, the business earned receipts of 4,000,000 baht in the first year of trade, and the owner, who is moving on to another business venture, will reveal profit margins with interested parties. The building has total floor space of 1,000 square metres and sits on freehold land measuring 1,456 square metres, with parking for 20 cars; the total building and land package has been valued at 8,000,000 baht. The owner also states that a further 8,000,000 baht was spent on furniture, fittings and equipment when the hotel was being recently completed. Total asset value would therefore be 16,000,000 baht, which means that the owner has set a very attractive asking price which represents less than annual earnings. All rooms are air-conditioned, with cable television, hot water and refrigerator, and room rates are in the 500 baht to 600 baht range, with extra beds being provided for 200 baht per night. The workforce consists of 10 full rime employees, and they command a total monthly payroll of 45,000 baht. Annual revenue 4,000,000 Baht ($100,000) Annual Owner's benefit (earnings before taxes and depreciation) 0 Furniture, Fixtures & Equipment included in the Investment Price 8,000,000 Baht ($200,000) Your Total Investment to own this business 17,000,000 | ||||
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