Patong Profitable 30 Rooms Hotel+bar+restaurant
Location Thailand
Asking Price Range $250K - $500K
Gross Revenues $600000
Net Profit / Cash Flow $200000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2003
Number of Employees 10 - 19
Inventory 60000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Yes. to be discussed
Reason for Sale Family troubles makes it impossible to manage succesfully furthermore - Wishing to have some holiday and then look for a much smaller business.
Description Patong beach Profitable 30 rooms Hotel+Bar+Restaurant on main road, near beach, with swimming pool, sauna, gymnasium, lift.
The business has been running profitably for the past 8 years, but internal fights have caused serious shortage of manpower. Now the owner wish to give up, selling at two year NET profit. Yearly gross income nearly 18 millions, last year net profits 6,7 millions. From last September a 10% decrease in profits has taken place so far.
Central location. All rooms have aircon and ensuite bathroom. Restaurant around 70 seats on the main road, at a crossroad a few hundred meters from the beach. Night bar with pool table and sport TV counts repeated loyal customers.
Nine years contract left. 3 millions yearly rent. Increase 10% the last three years. All accounts available in three levels: receipts, hand written books, and computer recordings. One million deposit required by the owner. Very efficent online booking system included, linked with bank account and credit card machine available. Eventually its LTD company could be also included in the sale at no added costs.
Additional businesses included in the hotel: bikes rent, tours and excursions, laundry, internet cafe, minibar, taxi booking.
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