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Stunning Location Beachfront Resort Business For Sale

Koh Phangan, Surat Thani, Thailand
Asking Price:
$312,500 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$100K - $250K (USD)
Cash Flow:
$50K - $100K (USD)

Set directly on the beach under the shade of swaying coconut trees, Castaway Beach Bungalows provides an "instagrammers" dream and has been lovingly created by the current owners from the ground up. Every room enjoys the most fantastic views out to sea and some of the most spectacular sunsets you could imagine.

Located on the unique Hin Kong bay just minutes from the main town and pier at Thong Sala and the hugely popular and rapidly expanding Yoga and wellbeing centre of Sri Thanu.

Castaway Beach Bungalows has four photogenic, hammock adorned en-suite bamboo beach huts, two larger driftwood built bungalows and a one bedroom beach house on two levels affording the most amazing views. A reception area and small coffee shop which provides information and breakfasts to guests completes the set up.

Hugely successful with fantastic ratings, returning guests and superb goodwill, the business is currently rated 9.2 on Booking.com with hundreds of fantastic reviews. The business enjoyed a 96.6% occupancy rate from 2017-2020 and even during lockdown occupancy rates remained as high as 89% gaining excellent reviews. Reservations are now being confirmed for 2022 and full occupancy is expected again as soon as travel restrictions are lifted.

Currently operated by the owners alone, this business is easy to run, fun and profitable. The current owners only offer this for sale due to medical reasons, this is not a Covid related sale. Based on 2019 sales an annual gross income of around £80-100k ($110-$140,000 USD) could be expected with annual inclusive outgoings totaling only £25,000($34k USD) the business presents a realistic financial prospect.

The on-site coffee shop provides potential for further expansion with some land still available for additional rooms or to grow the coffee shop business. Plans for this are already in place which will provide an additional annual income of £20,000 ($27.000 USD) upwards.

The business is offered fully open and running, any new owners would be required to take over the business with staying guests and bookings are strong from December through 2022 with some rooms already sold out. Full support will be provided in all issues including the necessary visas to ensure a smooth transition for both owners and guests.

Walk in and make profit, this idyllic and manageable beachfront resort offers a great lifestyle opportunity and instantly successful business. Escape to the sun.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

A 12 year lease is available with guarantees of further extension providing long term stability..

Leasehold Rent:

$10,000 (USD) per annum

Living Accommodation:

The business offers flexible options with a two level beach house available this could be used as owners accommodation or rented to maximise profit.
This beach house has air conditioning, a kitchen and upstairs a lounge with breathtaking views.

Location:

The business is set directly on the beach. Hin Kong bay is on the western side of Koh Phangan a few kilometers from the main town of Thong Sala and just a few minutes from Sri Thanu.

Planning Consent:

Full Chanote.

Business Operation

Reasons for selling:

Enforced medical retirement.

Employees:
None.
Years established:
6

Other Information

Support & training:

Full support and handover will be provided as the business will be open with guests on takeover. Assistance with visas is also available.

Contact Seller

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