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Mini Golf Course And Sports Bar In Philippines For Sale

Panglao, Bohol, Philippines, Philippines
Asking Price:
$45,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Under $100K (USD)
Cash Flow:
Under $50K (USD)

The name of the business is Putt Putt 9 Hole Mini Golf, complete with Sports Bar.

The normal price is $65,000 USD or 3.5 Million Pesos. Because of Covid-19, I have reduced the price up until June 15, 2020.

The golf course only takes a few hours a week to run (physically). It has 1 full
time staff member and 2 part time staff.

It is a very attractive offer because it has only been open 10 months and it is
making a profit each month and has a huge potential to grow.

An attractive feature of it is it’s located in Alona Beach, Panglao Island, Bohol
which is the 2nd most visited tourist destination in the Philippines.

This business comes with all business permits, sanitary permits, fire permits,
etc. and complete with staff who would like to remain.

Property Information

Real Estate:

Lease

Lease Terms:

The rent is $689 (35,000 pesos) per month and is fixed for 14 more years and renewable at the renters option at the same rate.

Leasehold Rent:

689/mo per annum

Location:

Tawala, Panglao, Bohol
Philippines 6340

Premises Details:

285 Square Meters

Size in square feet:
285 Square Meters, and the bar is approximately 40 Square Meters

Business Operation

Expansion Potential:

The property is being leased for 35k pesos per month for 14 more years with the renters option to renew at the same rate. This is an incredible deal and will be extended to the new buyer.

Competition / Market:

There is only 1 other mini golf course in Bohol

Reasons for selling:

Reason for selling
I own a large spa (60 staff) that only opened 12 months ago and that is taking a
lot of my 5me. On top of that I am building a call center for an Australian
Company that needs to open at December 1, 2020.
They also want me to train all the staff and oversee and manage the call center.
This new project only came to a light in the last 2 weeks. So, the only reason
that I am selling this is to free up some money and a li<le 5me.

Trading hours:

The hours of operation are optional but have been everyday from 1pm until 11pm. With the Covid Virus, we have closed the business until the quarantine lifts, which we are anticipating will be in June.

Employees:
3
Years established:
10 months

Other Information

Support & training:

Training will be provided.

Furniture / Fixtures value:
$9,800 (USD) - included in the asking price
Inventory / Stock value:
$4,000 (USD) - included in the asking price
Related Documents:

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