Description

This Resort Hotel in Phuket was only established two years ago, but has already proved to be successful, with profits of 36,000,000 baht being realised from receipts of 48,000,000 baht in the first 12 months of trading. The tsunami saw financial results worsen last year, but net profits of 26,000,000 baht were still earned, from receipts of 35,000,000 baht, and the owner is expecting these results to blossom again this year as key money payments for the hotel outlets increase along with tourist figures. Located in Patong, the resort has approximately 50 rooms, and boosts cash flow with the rental of nine shops, including a beauty salon, a mini-mart, a tailor, a bar, a restaurant etc., which are rented out for between 10,000 baht and 40,000 baht per month each. The owner wishes to move on to pursue other business interests, and is willing to accept a 30% down payment, with owner financing for the balance, with payments spread over six months. The land measures a rai (1,600 square metres), and the buildings have total floor space of 4,200 square metres. All rooms are decorated in Balinese style, and are complete with full facilities that include hot water, refrigerator and security box.

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