Beautiful Resort with 8 Cottages, 6 / 2 Bedroom Cottages and 2 / 1 Bedroom Cottages, set amidst gorgeous Tropical Landscaping. Attached is a Busy Cafe and Pool area, also with Lush Tropical Garden. Cafe is open 7 days a week 8-5 but can be easily expanded to include dinner business hours of operation and double sales. Cottages are now full for entire year with long term guests. The cottages can be easily be converted to short term rentals quadrupling income from cottages.
- Asking Price:
- $500K - $1M (USD) Furniture / Fixtures included
- Sales Revenue:
- $100K - $250K (USD)
- Cash Flow:
- $50K - $100K (USD)
Property Information
- Real Estate:
-
Real Property Included
- Location:
-
Lovely Koh Phangan, situated in the Gulf of Thailand 5 minutes from gorgeous beaches. Koh Phangan is a short ferry ride from Koh Samui and is currently being developed, adding visitors each year and brining more and more tourists to this lovely island.
- Premises Details:
-
Resort is located on 2 Rai of Freehold Land with 6 / 2 bedroom Cottages, 2 / 1 bedroom Cottages, Pool and busy Cafe. Entire resort is a Tropical Garden Setting, lush and Beautiful. Cottages are well built and modernized with new AC units and kitchens.
- Size in square feet:
- 2 Rai
- Planning Consent:
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All building has been done to code with all necessary permits.
Business Operation
- Expansion Potential:
-
We decided to go with long term guests to avoid the extra work of managing short term guests. However, if a new owner was willing to do that extra work they could quadruple income from cottages. Cafe as well, we decided to open only 8-5 and not do dinners to avoid the extra work but new owners could expand to dinner with an excellent venue for romantic dining and easily double sales.
- Competition / Market:
-
Centrally located our resort has little competition for rooms, as we have been full with long term guests for the past 2 years. 5 minutes to beautiful beaches and situated in a Lush Tropical Garden.
- Reasons for selling:
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I am 73 years old and was retired but opened this place to keep busy. I'm getting tired now and would like to sell.
- Trading hours:
-
8-5
- Employees:
- 6
- Years established:
- 3 years
Other Information
- Support & training:
-
Support training and lists of suppliers and maintenance people will happily be supplied
- Furniture / Fixtures value:
- $100,000 (USD) - included in the asking price
- Inventory / Stock value:
- $20,000 (USD)
- Website:
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