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Beach Resort For Sale

Location  Sri Lanka
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $500000
Net Profit / Cash Flow  $300000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1997
Number of Employees  10 - 19
Relocatable  No
Number of Employees  10 - 19
Real Estate  Owned
Reason for Sale  Part of the liquidity process.

Description  
The hotel is located at the West Coast of Sri Lanka in a quiet and neat village called Marawila. It has direct access to the beach which is only 30 meters away. The beach front is approx. 50 m in width. The site of the hotel extends over an area of about 8,000 mA and contains 16 rooms, staff quarters for 10 people, restaurant, kitchen and a tourist shop. It also offers several sport facilities such as swimming pool, Beach volleyball court and one cricket/football ground. Location: Marawila is a wealthy region. The fishing village Marawila is mainly populated by Roman Catholic villagers and upper middleclass families. A church as well as some social institutions are located in Marawila. A palm grove separates the beach from most of the hotels. In 2004 the Tourist Board Sri Lanka declared Marawila as Tourist Development Zone. This means an external water supply with fresh water as well as construction of new paved roads and other infrastructural changes. Within 45 minutes the transfer from Bandaranaike International Airport is minor compare to the transfer of 2 or more hours to the tourist regions in the south. The overall travel time to Colombo is 1.5 to 2 hours. Busses as well as private drivers are a convenient way to get to Sri Lanka's capital. The central location at the west coast is perfect to get to other places and sights. Negombo is about half an hour driving time from Marawila and the old Fort, the cemetery in the dunes and various shops are worth to visit. This Beach Hotel is run by Capricorn Beach Hotel Pvt (Ltd) and owned by Germans. There are absolutely no loans and obligations to banks whatsoever and a clean land title. To obtain further information visit our website: ceylonhotel.com. Genuinely interested parties could contact us for more information on this Beach Resort for sale.


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