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Superb Investment Opportunity Of Unique Beach Resort For Sale

Kirinda, Yala, Sri Lanka
Asking Price:
$1,200,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$250K - $500K (USD)
Cash Flow:
Not applicable

The reduced price for beach hotel & company is now at US $1.20 million (negotiable). This includes existing on-going tourist hotel business with all assets and the registered private limited company.

The land extent is 1.3 acres OR 210 perches (0.5097 hectares).This is on-going established tourist hotel with all licenses and approvals. The bar and bar food outlet generates daily sales income.

The hotel is situated on pristine undisturbed tropical beach of Kirinda with 100 meters beachfront. The hotel is in Southern Sri Lanka close to famous Yala Park and Bundala Park. Cultural pilgrimage site of Katharagama is also less than 30 mins drive. Hambantotoa port, Expressway and Mattala International Airport is 45 mins drive. This is an area where many leisure activities are available.

Guest Leisure Activities

• Beach Activities includes Boogie Boarding & Skim Boarding (Dec to Aug)
• Wildlife Safari in Yala Park & Bundala Park (All Year Round)
• Deep Sea Sports Fishing (November to April) & Other Local Fishing (All Year Round)
• Deep Sea Coral & Adventure Shipwreck Diving (March & April)
• Rural Village & Interactive Sri Lankan Cooking (All Year Round)
• Rural Cycling & Rural Hiking Plus Beach Camping (All Year Round)
• Team Building Activities and general leisure workshop activities (All Year Round)
• Health / Wellness Spa & Various Creative workshops classes (All Year Round)

There is scope to increase activities in area to include Kite Surfing & Sea Kayaking Events.

The hotel consists of 21 chalets offering double, triple and family size accommodation options.
This gives flexibility to cater for all type of clients. Guests have stayed on average 1-4 nights.

Important Extra Relevant Information for Investors & Buyers

• Company share sales and transfers are exempt from taxes at present in Sri Lanka.
• Foreign buyers can own 100% of company shares when asset is leasehold property.
• Company has 10 million shares. Buyer can be sole owner or joint partnership buyers.
• Established on-going business that is marketed in several travel related magazines.
• Existing agents, future bookings, assets & debt free company will be transferred.
• There are several income generation options from rooms, massages, bar & activities.
• Investor can incorporate a wellness & health concept tours along with other tours packages.
• There’s space to increase rooms & have a mixed concept to cater for all type of guests
• There is available extra bare land adjoining hotel boundary can be bought separately.
• All required operational licences have been renewed for the current trading year.
• Licences include liquor licence FL7 & FL8. Bar daily income helps to cover costs.
• Resort comprises of buildings extent of 20,000ft² OR 1,850m² for various usages
• Three Phase Mains Electricity, Mains Water, 4G Wi Fi, CDM Tel Lines & Satellite
• Include 21 chalets, restaurant, pool, massage spa, activities & bar that generate revenue.
• Hambantota is to be a major economic hub area with infrastructure development done.
• Hambantota has a large harbour for cargo ships and cruise ships are been planned.
• Hambantota International Airport & Highway to Colombo is all within 45min drive.

This is a fantastic opportunity for any investor who wants to do business in the tourism sector.

Genuine investor/buyers only please contact the owner direct. (NO BROKERS)

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Resort comprises of 21 chalets, offices, stores, function hall & bar, health massage spa, gift shop, pool, restaurant, driver quarters, staff quarters, laundry facility and various other buildings for guest use.

Location:

Undisturbed beach front hotel property located in Southern region of Sri Lanka Near Yala Park.

Premises Details:

Undisturbed beach frontage property in semi remote coastal fishing village area of Kirinda, Near Yala.

Size in square feet:
21,000
Planning Consent:

All building approvals and certificate obtained together with all trade licences, tourist board licence as well as hotel FL7 & FL8 bar liquor licences and commercial long lease with private limited company.

Business Operation

Expansion Potential:

There is space available to increase the number of rooms as well as expand the range of activities.

Competition / Market:

There are few other small guest houses in the area and a few larger five star hotel close to Yala Park.

Reasons for selling:

Owner wishes to migrate to Australia to be with family.

Trading hours:

Hotel business.

Employees:
7
Years established:
8

Other Information

Support & training:

Support can be provided for a short time with operation during the handover period as required by buyer.

Furniture / Fixtures value:
$1,000,000 (USD) - included in the asking price
Inventory / Stock value:
$200,000 (USD) - included in the asking price
Website:
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