Trip Advisor Recomended Resort On Koh Phangan For Sale

Business description

A stunning beach front resort for sale on the famous island of koh phangan ,consisting of 27 beautiful bungalows, beach front restaurant and bar and also a seperate beach front bar ( new build december 2009 ) ,140 meters of beautiful beach front with a back drop of our sister island of koh samui and the angtong national marine park ,and a brand new beach side swimming pool,built in july 2011, the resort sits on 3.5 rai of land (5600 square meters ) with plenty of room for development for more accomodation units , koh phangan , due to its monthly full moon parties offers a unique opportunity guaranteeing a 100 % occupancy level for at least one week out of every 4 ,the resort at current works @ around 70% monthly occupancy, we are also very closely situated to the other moon parties as half moon and the black moon culture which occur every other week , the sale includes all fixtures and fittings , stock , fully operational office , staff rooms , stock rooms , maintenance equipment,brand new fully operational website and booking system, the sale also includes a fully paid up limited company with enough capital for 2 work permits , ready to go with many many bookings for the coming seasons, and with a return customer base of around 20 %, phangan beach resort has gone from strength to strength in the 5 years the current owners have held the lease , the current lease on the property has 14 years left to run with the last 3 years payment already paid ( 1.8 million baht ) with no rental increase over the entire period , a further contract will be available to be negotiated by the new leasee of 20 years if required by the new tennant on completion of the original lease contract , the current owners of the resort lease have built the resort a strong name within the tourism industry and have decided to move on to new pastures due to a new addition to the family .

Property information

Real Estate:

Lease

Lease terms:

the lease term has 13 years left to run on the existing lease , with an negotiable lease to add at the end of the current lease , the current lease has no increase to the annual rate for the entire lease and the last 3 years of the current lease (year 12 ,13 and 14 ) have already been paid by the current owner , the lease hold rent is payable in 6 monthly intervals , february and august

Leasehold rent:

$18,000 per annum

Living accommodation:

the resort has 4 staff rooms suitable for some of the full time staff employed brand new 2 bedroom owners home,stunning home, due to be finished in june 2012,fully furnished,built at a cost of 2 million baht by the current lease holders

Location:

centrally located between the 2 major towns of koh phangan of tong sala ( 5 minutes ),the major arrival port to the island and to haad rin (the tourist capital of koh phangan ( 10 minutes ) , easy reach to all the top tourist destinations on the island such as water falls , snorkelling , diving , temples , shopping , entertainments and elephant trekking , the beach resort is also located close to the moon parties of ban tai which compromise of 2 * half moon parties per month and the black moon party (one time per month ) but far away enough so the clientele do not get disturbed by the noise , a secluded private beach guarantees a perfect beach vacation

Premises details:

5 * beach front delux units directly on the beach
3 * wooden beach front units directly on the beach
7 air conditioned garden view units in stunning landscaped gardens ( less than 15 seconds from the beach )
10 fan garden view units in stunning landscaped gardens (less than 15 seconds from the beach)
2 new garden cabin fan bungalows for the tourist on a little tighter budget
full operational ocean view restaurant serving thai and international cuisine ( 50 seat ) with restaurant bar and pool table
beach bar and cocktail lounge (newly built in december 2009)
reception area at the entrance to the resort
fully operational office including all computers, pdq machine (credit card payments ), printers ,and fax machine
beautiful landscaped beach front swimming pool,constructed july 2011
brand new 2 bedroom owners home ,due to be finished by june 2012, fully furnished
we also work very closely with a dive operator on the island who can service our customers requiring dive tuition (optional)

Size in square feet:

100 square meters

Planning consent:

thai law building consent is easily arranged

Business Operation

Expansion potential:

the land has a lot of development area still available ,maybe a quarter of the total land area is ready for investment , the current owners use many different internet operators to sell the accomodation but contact with the larger bangkok tour operators would increase the sales , sawadee,hostelbookers,instantworldbookings are just a few operators the current owners use and the potential to generate more sales is vastly increased depending on the potential owners own marketing strategies

Competition / Market:

although there are many resorts on the island of koh phangan , tourist figures now show that more and more people are coming from koh samui to the island of koh phangan , with large investments into the infrastructute of the island and with new international schools here and hospitals the future looks bright for the island , phangan beach resort has a lot of international exposure but for the right canddate offes more and more opportunity to maximise its exposure onto the international scene

Reasons for selling:

the current owners of the lease put their heart and souls into the resort for 5 years and have made a huge impact on the company , due to a new addition to the family regretably have decided to move on to new pastures

Trading hours:

restaurant 9 am to 10 pm
bar 4 pm to 2 am
reception 9 am to 6 pm ( late check ins may apply )

Employees:

12

Years established:

august 2006

Other information

Support & training:

the current owners can support the potential buyer in many ways , we can offer on site training to help with the understanding of the business or if required we can offer a support manager for a time (convenient to the purchaser) until the new owner is comfortable with the day to day running of the resort