| Date | Header | Price | ||
|---|---|---|---|---|
-- Hotel/Guesthouse -- Southern Region
-- Phuket -- --
| Edit | |||
| 02/06/2006 | Phuket Guesthouse |
28 000 000 | ||
| BKK11276DM - This Phuket Guesthouse has 20 rooms and nine apartments, and is located in Patong, where it nestles at the base of the Patong hills, within a short distance of the beach, and is far enough away from the nearby nightlife to provide a quiet sanctuary. There is a big reception area and bar, and all rooms have air-conditioning, bathroom, mini-bar, and satellite television. The apartments all have a living room, kitchen and bedroom. The possibility exists to buy the plot of land next to the premises to construct a swimming pool. Total floor space for the building is 1800 square metres, and there is also 1000 square metres of land to acquire in this freehold sale. The business was established 10 years ago, and the only reason this opportunity has arisen is due to the untimely demise of one of the partners. Total assets have been valued at 24 million baht, and annual revenues of 2,600,000 baht are producing profits of 1,900,000 baht. The owner is willing to accept a ten per cent initial investment, with owner financing for the balance of the asking price. Annual revenue 2,600,000 Baht ($65,000) Annual Owner\'s benefit (earnings before taxes and depreciation) 1,900,000 Baht ($47,500) Furniture, Fixtures & Equipment included in the Investment Price 1,800,000 Baht ($45,000) Your Total Investment to own this business 28,000,000 Your Initial Cash Investment Needed 28,000,000 Baht ($700,000) Inventory included in the Investment Price 700,000 Baht ($17,500) | ||||
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