A well established Hotel and Bungalow Resort has become available at Rawai Beach, Phuket, due to the owner’s retirement. The freehold offering features land of 7.5 rai (3,000 square metres) that has been valued at 50,000,000 baht, and buildings valued at 8,400,000 baht; these consist of over 20 air-conditioned bungalows, and 30 hotel rooms. There are also assets worth a further 10,000,000 baht to acquire, which makes the resort worth 68,400,000 baht. As the owner is willing to accept only 60,000,000 baht for this successful venture, this listing represents great value for potential investors. The owner recently closed the resort as he was keen to start his new relaxed lifestyle, but he states that annual profits of 9,000,000 baht were recently earned from receipts of 12,000,000 baht. Everything is in place for the new owner to re-open the doors; staff would need to be recruited, and previously there were 30 employees and a total monthly payroll of 150,000 baht. There is a basic website in existence, but this would need updating to generate bookings. This resort provides customers with a calm and peaceful stay and is not far from the main attractions of Phuket. There is a large verdant garden with a freshwater pool, and a restaurant with terrace dining faces the sea. The environment is tranquil, with an absence of traffic and disco noise, and yet the location is but a short drive from the bright lights of the island.
