The Italian / Thai owners of this conveniently located, moderately priced hotel and restaurant are looking for a partner to help take their business to the next level.
The budget hotel is on three floors and has a total of 18 Fan and Air-conditioned rooms. Room rates are from 600 – 1,900 Baht / night. it is located on the main road in a local village in the north of the island.
Guests always comment on how clean the rooms are and the friendliness and helpfulness of the owners. The nearest beach is around 1Km away or it’s just 5 minutes by scooter or taxi to White Sand beach.
Whilst many people prefer to stay by the beach there is a growing market for people who just look for a comfortable, inexpensive place to base themselves when on the island. This is the market the hotel it hoping to attract more of by having the assistance of a business partner.
The restaurant used to be located on White Sand beach and gets a lot of excellent reviews on Tripadvisor. The location might not be the most romantic, but for lovers of Italian food, it’s one of the best places you’ll find on the island.
Income from bookings on Agoda & Expedia for November 2016 – March 2017 is 1,300,000 Baht.
The restaurant also takes in around 15 – 25,000 Baht / day.
As with any partnership, due diligence is essential, all figures should be checked.
The sellers have two options:
800,000 Baht ( 50% share of the existing business with 3 year + 3 year lease contract )
1,600,000 Baht ( 50% share of the existing business with 9 year lease contract. First 3 years paid.