Business Overview
- The occupancy rate is 100% throughout the year due to ongoing lease.
- All guest rooms have hot water and air conditioning and there are a number of gray water soak-away drains and a number of septic tanks.
- The business is registered with the Cagayan Economic Zone Authority and enjoys many tax benefits.
Products & Services Overview
The resort includes 25 guest rooms, three meeting/function/private dining rooms (two with air conditioning), a restaurant area, pool.
Capitalization Overview
- Company has 2 directors with 40% and 80% shareholding, with 4 family members holding 20%
- Business has no debts or any loans.
As a CEZA locator the maximum amount of tax on profit is 5%. Additionally the business is totally exempt from all other taxes including VAT.
Assets Overview
Resort infrastructure, beds, tables, chairs, ACs, TV, etc.
Full Sale
Asking Price:
USD
700 thousand
(Native Currency: PHP 42,000,000)
Reason: The owner is retiring. Any reasonable offer will be considered.
Includes physical assets worth
USD
430 thousand
Interested to connect with advisors
In talks with 3 Investors
Contact Business