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Tropical Island Resort Top Location Gili Meno For Sale

Gili Meno, Nusa Tenggara Barat
Asking Price:
$1,450,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$500K - $1M (USD)
Cash Flow:
$500K - $2.5M (USD)

Kura Kura Beach Resort is centrally located in the main tourism area of Gili Meno. The resort has 15 rooms, 15 metre swimming pool, spa and massage rooms, commercial kitchen,restaurant and bar. The resort also has it's own mini market Kura Kura has been operating for 3.5 years and has developed an extremely good reputation with both online and offline travel companies. Occupancy during the high season is exceptional and with more airlines flying directly into Lombok more market opportunities are emerging.

Gili Meno is one of the famous Gili Islands located just off the main coastline of North Lombok. Meno is the quieter of the 3 islands and is renowned for being the best destination for honeymooners and families looking for pristine beaches, tropical warm waters and an abundance of marine life. Meno is very popular also for snorkelling and scuba diving. Tourism is growing year by year, we expect 2020 to be a bumper season with a growing market from Australia and Europe.

This is a tremendous opportunity to purchase a successful business located at the best position on the island. We have a dedicated team that have earned wonderful feedback from guests online. Kura Kura has an enviable reputation which we respect and work hard to maintain. A great business that has loads more potential.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

There is a managers room but only small.

Location:

The resort is located in the main harbor area of the island, lots of passing foot traffic. A beach is at the front of the resort however the very best beach on the island is a 3 minute walk.

Premises Details:

The resort has 12 rooms with queen sized beds and another 3 rooms with twin beds that connect to the queen sized rooms. There is a 15m swimming pool, spa & massage rooms, restaurant & bar, Generator ( backup power) room, house keeping and a managers room. Generous common areas and a Mini market on the main street. Waterfront covered dining area and a small retail area for the sale of beach wear.

Size in square feet:
1500sqm
Planning Consent:

Government permits have been obtained to build the resort. All other licenses such as resort operations, alcohol and restaurant ops have been obtained.

Business Operation

Expansion Potential:

The owner has another 2,500 sqm that he would make available for purchase at a discounted price for the new owners. This could be developed with more rooms or possibly 1 bedroom villas with pools. The price for the land is usd 185,000 and would include current staff accommodation blocks.

Competition / Market:

In terms of accommodation Kura Kura is definitely the best in the main harbor. There are restaurants either side of us along with another retail shop. We show most of the major sporting events in our bar through our satellite dish and also have a resort TV system with movies, news and sport. No other resort on the island has this coverage.

Reasons for selling:

Although I will continue with another business interest on the island, I am also involved with project development in Panama that needs my attention. I will be spending more time outside of Indonesia.

Trading hours:

Seven days a week 7 am until 11pm

Employees:
24
Years established:
february 2016

Other Information

Support & training:

As requested by eventual buyer.

Furniture / Fixtures value:
$450,000 (USD) - included in the asking price
Inventory / Stock value:
$20,000 (USD) - included in the asking price
Website:
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