Phuket 3 Star Hotel Resort available for sale

: 3 Star Hotel Resort in Phuket :

1,800,000 THB

Listing ID# BKK15934


BUSINESS INFORMATION

Province Phuket
Country Thailand
Business Type 3 Star Hotel Resort
Business Started 2017
Employees 4 Person

FINANCIAL INFORMATION

Annual revenue: 1,400,000 Baht
Payroll: 41,000 Baht
Furniture, Fixtures & Equipment
included in the Investment Price:
N/A
Your Total Investment to own this business: 1,800,000 Baht
Your Initial Cash Investment Needed: N/A
Inventory included in the Investment Price: N/A

BUSINESS SUMMARY

This resort is a convenient 10-minute walk to Kata Beach and 2-minute walk from Somjit Market. Boasting an outdoor swimming pool, the hotel offers free Wi-Fi throughout the property. Free public parking is available at a location nearby.

The hotel is a 10-minute drive to Karon Beach. Patong Beach is a 20-minute drive away. It takes 1 hour to drive to Phuket International Airport.

Fitted with a balcony with views of the pool and garden, each air-conditioned room features a flat-screen satellite TV, safe, fridge and mini-bar. All rooms come with shower facilities and bathtub.

For leisure, guests can rent a car and a motorbike to explore the town or take a stroll in the garden.

Local restaurants can be reached within a 5-minute walk from the property.

Comprising of 12 rooms + 1 dormitory (4 beds)

8 deluxe rooms + 2 family rooms + 2 twin rooms

Lease contract is until Nov 2026.

Monthly lease cost is 125,000 Baht payable yearly.

The contract consists of 3+3+3 years from Dec 2017.

Every 3 years, the lease fee increases 10% so from Nov 2020, the rent increases 10%.

After the contract, renew is available.

Yearly profit is 1.4 million in 2019 and 1.8 million in 2018.

Current owner took over this 3 star hotel in 2018 but couldn't spend time at the hotel so profit dropped.

Asking price is 1.8 million baht negotiable.

Deposit is 500,000 baht which is refundable at the end of contract.

Lease fee paid till Nov 2020 in advance, so buyer will also need key money.

Finance is possibly available on request. Business is offering Thai ltd company and can support one work permit

For more information please

CONTACT US NOW!


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