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   Date    Header Price  
08/06/2006  Beachside Guesthouse38 500 000
-- Hotel/Guesthouse -- Southern Region -- Phuket -- --   GE Edit
08/06/2006

Phuket Hotel

1 000 000
BKK11223L - Standing on a hillside, this prestigious Phuket Hotel looks out over the town of Patong and its renowned beach. The balconies of the luxury rooms have breathtaking vistas, where guests can sip cocktails as they gaze across the Andaman Sea. A shuttle service ferries clients into town and back on a regular basis, but there are enough facilities on site to tempt them to linger. Apart from a beautiful swimming pool, there is a poolside bar, seating 30, and satellite television in each room. Customers can even hire a car or motorcycle from the hotel management, and tour the island by themselves. Room rates vary from 700 baht per night up to a maximum rate of 2,400 baht per night. The building has total floor space of 700 square metres and sits on land measuring 900 square metres; there are 20 rooms and apartments and there is room to construct others. This successful business is raking in receipts of 6,200,000 baht per year, with profits of approximately 5,000,000 baht. The owner has run the business since inception four years ago, but now wishes to retire, and relocate. He is therefore looking for an investor to rent the property on a three year plus three year lease contract, with rent payable annually in advance, at a rate of 1,900,000 baht. An additional requirement is for a lease deposit of 1,000,000 baht, and then the new owner can immediately start benefiting from the solid customer base.


Annual revenue 6,200,000 Baht ($155,000)

Annual Owner\'s benefit (earnings before taxes and depreciation) 5,000,000 Baht ($125,000)

Furniture, Fixtures & Equipment included in the Investment Price 7,000,000 Baht ($175,000)

Your Total Investment to own this business 1,900,000

Your Initial Cash Investment Needed 1,000,000 Baht ($25,000)

Inventory included in the Investment Price 300,000 Baht ($7,500)

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