Property Management Holiday Rentals For Sale

Business description

EBT1011-Established eight years ago to serve Phuket island’s growing luxury villa and condo owner’s needs, this well-established property management and holiday rental company has grown to become the island paradise’s leading independent property management service provider. Mainly serving private villa and condo owners, the company has over 170 private properties under management as well as a number of management contracts for luxury developments. Due to the level of service provided to the property owners, the company employs a sizeable staff of 54 full-time employees with a payroll of 638,000 Baht. All operations are housed in a 260 sq. meter purpose-built premises that carries a reasonable rental of only 36,000 Baht per month on a 3 year plus 3 year lease. Due to the reputation of the company, revenues and profits have been increasing yearly with last year showing total sales of 27,000,000 Baht and net profits of 6,400,000 Baht. Currently, it looks as though the company will close 2007 with even better results. Recent developments in the personal lives of the expat owners require that they reluctantly offer this excellent company, poised for expansion, at a very favorable asking price representing a minimum 30% return on investment for a new owner. All financial and contractual documentation is available for review after expressions of interest from serious suitors. If the thought of owning a well-established, profitable, and growing enterprise in a tropical paradise interests you, contact Elite Business Group by clicking on the Contact Seller button below.
Total Investment to Own: 28,000,000 Baht

Property information

Real Estate:

Real Property Included

Location:

Phuket

Other information

Reasons for selling:

Personal Obligation in Home Country

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