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Phuket Airport Hotel - 50% Share - Owner Retiring
Location Thailand
Asking Price Range < $250K
Gross Revenues $225000
Net Profit / Cash Flow $165000
Cash Flow Type EBITDA
Seller Finance No
Year Established 2005
Number of Employees 4 - 5
Inventory 50000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training Support/training by owner and business partner
Reason for Sale British owner is 50 years+, retiring
Description Hugely popular and busy 10-room hotel/resort for sale, located 1 minute from expanding international airport, (but not under flight path), and equal distance from beautiful, golden beach.
100%+ occupancy for 6 months high season and 80-100% occupancy in low season, with excellent potential to increase room-rates/additional rooms on the 1,600 square meters of long-term leased land. (Original 20 year contract has 9 years to run and can be renewed).
This business was built by the British owner and his Thai wife, and is the 'original' airport hotel on the tourist island of Phuket, perfectly placed for short-stay guests from the nearby airport (30,000 passengers per day), which services both Phuket, as well as onward transit to other popular thai beaches, as well as international destinations, (160 flights/day in high season).
This business was offered for sale in 2 equal shares (owner and wife), and one share (Thai wife) has already been sold to a Thai-American couple, with whom the British owner has been working to improve the business efficiency.
Now that these improvements and new partner training are completed, the British owner is ready to move on, and his share of the business (49% foreign shareholding and 1% Thai shareholding), is available for purchase at an asking price of 5 million baht (about $166,000 USD).
The new partner can either actively work with the other partner, or can be a silent partner, based in Thailand or overseas.
Excellent and well-established relationships with taxi and tour companies who bring late-night guests to the hotel, as well as very popular TripAdvisor ratings and contracts with international agents such as Booking dot com, Agoda, Wotif, hotel dot com, Expedia etc.
This business opportunity is ideal for a foreign couple or single person. No previous hotel experience is necessary since support and advice will be provided FoC by the other business partner and by the seller.
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