Bungalow Resort

[SunbeltAsiaAdvisor]

Bungalow Resort

Location: Listing ID# BKK13843

Price: 10,000,000THB

BUSINESS SUMMARY

(UPDATE! The owner has reduced the asking price from 12,000,000 baht to 10,000,000 baht, to secure a quick sale.) This Bungalow Resort consists of 15 bungalows sitting on five and a half rai (8,800 square metres) of freehold land in the north-east of Thailand. The resort is located in a picturesque environment surrounded by rice fields. Construction costs of roughly 9,000,000 baht were incurred when the resort was set up around three years ago. Almost one third of the land is unused, and could be utilised for expansion. Each building is air-conditioned and served by satellite television. Key card access has also been installed, along with CCTV security, and there is a two bedroom house onsite that is used for staff accommodation. Car parking spaces are located behind every bungalow. As there is no rent to pay profit margins are good and salaries totalling 12,000 baht per month for three full time employees therefore form the major expense. Annual receipts totalling approximately 1,200,000 baht are yielding net profits of around 960,000 baht. New asking price: 10,000,000 baht.

www.sunbeltlegaladvisors.com

26th Floor Fortune Town BR, 1 Ratchadapisek Rd, 10400 Bangkok

Tel: 02-642-0213 Fax: 02-641-1995

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