Successful Four Year Old Real Estate Firm For Sale

Business description

Running very successfully now for over 4 years, this leading Bangkok real estate leasing and sales company has become available for acquisition. Even with 2007 being a tough year for businesses of all types, the company managed to increase its revenue and profitability over the previous year due to strong management and highly competent and professional sales team. Since the company focuses mainly on the sale and leasing of homes and condos in downtown Bangkok, the operation is more efficient than its competitors in turning inquiries into cash flow. Situated in a very convenient, accessible, and visible area of the city, the attractive and comfortable office encompasses 64 sq. meters with a monthly rental of 70,400 Baht on a renewable lease. With a total of 6 staff, who combined comprise a monthly payroll of 105,000 Baht plus commissions, and smart systems implemented throughout the business, the enterprise is a small but powerful profit generating machine with relatively low overheads and ease of management. Excellent marketing and strategy implementation has allowed this company to secure one of the top spots in the Bangkok real estate arena and continue growing year after year.

In 2007, the company brought in revenues of 12,262,168 Baht, which was split 65% income from sales and 35% from rentals, and earned Net Profits of 5,750,000 Baht after payment of all expenses. Due to an outside and unrelated business opportunity in order to raise the needed capital, the owner has decided to offer this excellent company to a new owner. Seeing as a new owner will be getting a very well known and respected real estate operation with a listing database of 600 properties for sale and over 1,000 for rent, a highly ranked website generating 10-15,000 visits a month, and 2,000,000 Baht in assets, the asking price of only 9,500,000 Baht represents a very good deal. If owning a top independent real estate firm in Bangkok for substantially less than two times annual earnings sounds interesting, contact us at your earliest convenience to learn more.

Total investment: 9,500,000 Baht

Property information

Real Estate:

Real Property Included

Other information

Reasons for selling:

Owner wishes to use equity for new investment in unrelated businesses.

Contact the seller