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Profitable Resort for Sale in Surat Thani, Thailand

For sale: 5 one-bedroom sea view villas with 100% Covid 19 occupancy in Thailand.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees < 2
Legal Entity Private Limited Company
Reported Sales USD 43 thousand
Run Rate Sales USD 32 thousand
EBITDA Margin 70 - 80 %
Industries Resorts
Locations  Surat Thani
Local Time 4:04 PM Asia / Bangkok
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 700 thousand (Native Currency: THB 23,000,000)
Reason: Do not have funds to finish due to Covid. The valuation is based on the revenue generation potential... View More
Includes physical assets worth USD 360 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
Not disclosed
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Business Overview

- Operation villas that are the first of their kind on the island.

- Project is diverse in how it can be run. Can be rented as individual houses or run as a resort.

- Located in the most expensive area on the island, Koh Phangan.

- 70% of the project has been completed. (3 villas completed and being rented, remaining 2 are 70% finished).

- No lease, no mortgage, and Chanote land.

- Occupancy rate before COVID19 was 85%, (since the business opened 6 months before the crisis).

- Covid occupancy has been 100%.

- The figures are based on 2 villas of 6 months operations only.

- We operate at a high EBITDA margins because there is no mortgage on the property. There are no workers, so no wages. Income is pure profit.

- Booking can be done using the various online travel sites.

- The business has experienced a drop in revenue from last year due to a small fall in occupancy which can be easily be covered.

Products & Services Overview

5 one-bedroom pool villas built on 1,100 sq. m. with reception, car parking, and storage unit.

Assets Overview

The legal entity, 5 villas, all the interiors, and the land.

Facilities Overview

Each villa is 60 sq. m. All are with sea view, private pools, identical design. 160 m. from the beach. All have sunset views. It is owned by the business.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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