| Date | Header | Price | ||
|---|---|---|---|---|
| 27/05/2006 | Samutprakarn Apartment Block | 45 000 000 | ||
| 27/05/2006 | Hotel in the heart of Manila | 60 000 000 | ||
-- Hotel/Guesthouse -- Other Country -- _Other Country -- --
| Edit | |||
| 27/05/2006 | Hotel sits in Ermita, Manila. Philippine |
14 000 000 | ||
| BKK11325G - This five storey Hotel sits in Ermita, Manila, the Philippines, and has become available due to the friendly dissolution of the owners’ partnership. Well established, with over 15 years of good trade, the building was completely renovated in 2003, and has over 25 new rooms, with a rooftop bar/restaurant that seats 70 customers. The business operates on an annual roll over lease, with monthly rent of $2,000; this lease can be renegotiated, but it has run like this for many years, and the owners feel that a renegotiation would probably entail a rental increase. Annual receipts of $345,400 are producing profits of approximately $115,000, and owner financing is available, with 50% required as the initial investment, and the balance payable one year later. The hotel is considered to be a Manila landmark, and draws customers from all walks of life to its tourist belt location. Rooms are almost always fully booked, and travel guides are known to give the enterprise a thumbs up rating. There are 19 full time employees and the monthly payroll totals $2,900. Annual revenue 13,800,000 Baht ($345,000) Annual Owner's benefit (earnings before taxes and depreciation) 4,580,000 Baht ($114,500) Furniture, Fixtures & Equipment included in the Investment Price 8,000,000 Baht ($200,000) Your Total Investment to own this business 14,000,000 Your Initial Cash Investment Needed 14,000,000 Baht ($350,000) Inventory included in the Investment Price 80,000 Baht ($2,000) | ||||
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