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Businesses For Sale   >>   Hotels Businesses For Sale

Hotel Bar And Restaurant For Sale

Location  Thailand
Asking Price Range  $250K - $500K
Gross Revenues  $495000
Net Profit / Cash Flow  $181500
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2011
Number of Employees  10 - 19
Relocatable  Not Disclosed
Number of Employees  10 - 19
Real Estate  Leased

Description  
This Phuket Hotel has a 30 room complex with health club, sauna, swimming pool, bar and restaurant for its customers and is located in the busiest beach on the island. There are extensive and modern facilities, including air-conditioning throughout, and each room has in house video, direct dial telephone and refrigerator. The property was developed around three years ago and is only being offered due to owner's retirement. In the last financial year the business earned net profits of 5.5 million Baht after all overheads were deducted from receipts that totaled approximately 15 million Baht. The restaurant alone brought in 2 million Baht net profit in the last financial year. The main outlay was for staff salaries, with eighteen full time employees commanding total monthly wages of 160,000 Baht. Handily placed to secure the custom of tourists and families, the premises secured a 10 year lease contract at a yearly rate of 2,880,000 baht with 7 years remaining. The landlord offered the option to sign a new 9 year contract at a rate of 3 million Baht a year for the new owners. The lease contract can be renewed for another term. A fully set-up Thai Limited Company holding all proper licenses is included in the sale as well as an operating website running an online booking payment system, as a full turnkey package. ASKING PRICE: 12 million Baht Email or call at (+66) 02-642-0213 for more information on this hotel bar and restaurant for sale.


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