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   Date    Header Price  
27/05/2006  Superior Phuket Hotel66 000 000
-- Hotel/Guesthouse -- Southern Region -- Surat Thani -- --   GE Edit
27/05/2006

Guesthouse

6 150 000
BKK11454FS - This one year old Guesthouse sits within 100 metres of the island ring road on Koh Samui. The two storey building has 16 rooms and has been fully rented out, at 3,000 baht per room per month, since opening. This has led to annual receipts of almost 580,000 baht, of which 450,000 baht is profit. The current owner wishes to move on to other projects, and must therefore sacrifice this freehold opportunity. The 448 square metre building (224 square metres per floor) has been valued at 2,300,000 baht, and it sits on 336 square metres of land that is worth 1.200,000 baht; there is a Chanote land title deed in place. This is a no frills guesthouse, with no hot water, TV or air-conditioning; basic furniture is provided however, and each room has a bathroom and shower. The new owner could change the policy here and rent out the rooms on a nightly basis, with a rate of 300 to 600 baht per night easily attainable, especially if the rooms were to be upgraded.


Annual revenue 580,000 Baht ($14,500)

Annual Owner's benefit (earnings before taxes and depreciation) 450,000 Baht ($11,250)

Furniture, Fixtures & Equipment included in the Investment Price 700,000 Baht ($17,500)

Your Total Investment to own this business 6,150,000

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