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-- Hotel/Guesthouse -- Southern Region -- Phuket -- --   GE Edit
08/06/2006

Beachside Guesthouse

38 500 000
BKK11222L - A superb five storey beachside Guesthouse has become available in Patong, Phuket. This peaceful retreat is only a short stroll from the noisy nightlife, but it could be a world away. Many of the rooms have tranquil balconies that look out over the Andaman Sea. There is a brand new bar restaurant, with 50 seats, that provides room service, and a range of channels on the cable television system. The business is 14 years old and has driven up revenues to an annual figure of 11,200,000 baht; 7,400,000 baht of this figure is pure profit. The assets are worth 9,000,000 baht and the owner is willing to offer finance terms as he wishes to retire, and return to Europe. The new owner will acquire land that measures 350 square metres (worth 9,500,000 baht), and the building itself, with total floor space of 1,000 square metres (valued at 32,000,000 baht). Room rates range from 700 baht per night up to 1,700 baht, and there are 14 full time employees on the payroll, which totals 80,000 baht per month.


Annual revenue 11,200,000 Baht ($280,000)

Annual Owner\'s benefit (earnings before taxes and depreciation) 7,400,000 Baht ($185,000)

Furniture, Fixtures & Equipment included in the Investment Price 9,000,000 Baht ($225,000)

Your Total Investment to own this business 38,500,000

Your Initial Cash Investment Needed 15,500,000 Baht ($387,500)

Inventory included in the Investment Price 400,000 Baht ($10,000)

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