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THB62,829

(USD 1,700)

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Business 7 bedrooms
Rent
Ban Nai Yang
Thailand

Lease-to-Buy for only 60,000 THB per month.

The asking price to buy the business outright, buildings, furnishings, goodwill and future booking revenue is 5 million Thai baht.

But there is also a lease-to-buy option. You can lease the business for 60,000 Thai baht (1,700 USD) per month, for a minimum of 12 months. The lease fee for 12 months (720,000 Thai baht) is paid in advance, plus a returnable security fee of 60,000 baht. You can also choose to lease the resort for a longer period, 2 years, 5 years etc.

At the end of the lease period, you can choose not to renew the lease, or to renew the lease (the monthly lease amount increases by 5% each year). Or you can exercise the option to buy the business for the sum of 5 million Thai baht, LESS 50% of the amount that you have already paid in lease fees.

This lease-to-buy option is a very low risk way to `test` this business, to see if it fits with your lifestyle or ambitions.

This little business truly warrants the description of `amazing`.

NOTE - The current owner will provide free training and free management of all bookings for 6 months after purchase.

Located just 1Km from Phuket International Airport in a rural and peaceful area, this `B&B` serves the needs of transit and overnight travelers. Built in 2014 by the same builder of Phuket Airport Hotel, Airport 24/7 Hotel and Airport Overnight Hotel, this business has a verifiable guest-room occupancy rate close to 100% throughout the year.

The new international terminal at the airport is due to open in 2016, and this will also boost occupancy rates, which reaches 100%+ in high season, (ie the same guest room can be sold more than once per night, because many customers pay the full room rate to stay for a few hours in the evening before their flight, and then new customers arrive around 02.00 or 03.00 on late-arriving and early-departing flights from Asia/USA).

Built on about half a rai of land in a rubber tree plantation, the property currently consists of 5 air-conditioned guest rooms, a fully-equipped kitchen and utility room, plus 2 traditional Thai bamboo chalets (fan-cooled), and 4 standard air-con rooms are now under construction (1 ready to open now).

The property is located on long-leased land, with 12 years remaining on the renewable lease. If the property is purchased outright, the monthly land lease payment is just 16,000 baht, and there are no rent increases over the whole of the signed lease term and no down-payments or key money. Rent is paid quarterly. (If the property is purchased on a lease-to-buy, the current owner will be responsible for paying the 16,000 THB monthly lease fee whilst the property is being leased.

Running costs are very low, because the property has its own well supply (never runs dry), and a reliable septic tank and soakaway system.

The average monthly bill for the 3-phase electricity supply is about 9,000 baht.

The business currently operates very successfully with the foreign owner, one cleaning lady (salary 15,000 baht/month), and one taxi driver/night manager (15,000 baht/month) to collect guests from the nearby airport.

The guest rooms are equipped with romantic, 4-poster beds, flat-screen TV (with foreign channels), minibar fridge, ceiling fan, sofa-bed, room safe, hairdryer, en-suite, fully-tiled bathroom, and a large terrace with tables and chairs for relaxing on or eating meals.

The present owner operated the business last year with only 4 guest rooms, Each guest room grossed an average of 27,500 baht income per month, (averaged over one calendar year). The occupancy rate of close to 100% remains constant throughout the year - even in the low season. Room rates are adjusted to vary between about 850 baht per night (low season) up to 2,500 baht (peak season).

Income from meals, drinks, taxi and tour commissions is extra. The room revenue is fully verifiable.

The projected, annual income for renting out 5 guest rooms and 2 bamboo chalets and 4 standard air-con rooms is 11* 27,500 * 12 = 3.63 million Thai baht.

The current, additional annual income from sale of food and drinks, and commissions received for taxi and tour services is about 200,000 baht.

The property receives many guest bookings from online s, such as Booking , Agoda and Expedia.

The business has very good reviews, and was awarded an `Excellent Service` plaque by the Booking . .

The garden area includes a children`s trampoline,slide, sun-loungers and a Boules area. A small swimming pool can easily be built by the new owner.

The new owner can also build more guest accommodation, since an adjacent, half-rai plot of land can be leased from the same landowner for just 15,000 baht per month, (with no increase in that rental amount over the lease term).

All stated occupancy rates, room incomes and guest review ratings are easily verifiable.

The new owner can operate the business as a Thai Sole Trader, (if they have a Thai partner), or via a Thai Partnership or Limited Company. The land lease contract does not need a Thai name on the contract - foreigners can hold the lease contract in their name only.

The business currently operates via a registered Thai limited company which is provided to the new owner in the purchase price.

A few video clips of the property are available on our YouTube channel. Just search for Phuket Airport Bed and Breakfast.

Reason for the sale? The British owner has a lung illness and is retiring to Laos.

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