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Very Profitable Condotel Business in Pattaya Jomtien Beach

Ad Description

Dear buyer,

We offer our very profitable seaside Holiday Apartments (Condotel) Business in Pattaya Jomtien Beach to be successfully continued by a new owner.

All rooms have been fully refurbished in 2016 and 2017 with no expenses spared. Thanks to dedication to our guests satisfaction we enjoy a high occupancy rate of 80% throughout the year and an outstanding review score on booking.com of over 9.5.

The business has high expansion potential. Key values are the excellent reputation in Internet and direct beachfront location of the property, from the gates only 20m to the 6km long sandy beach of Jomtien Beach.

The offer includes the business itself with the associated websites, especially our booking.com account with highest review score in the area of over 9.5 and 4 condos in one of the most popular and well maintained Condominium Complexes in Jomtien Beach. The business is fully operational and running and can be successfully continued from the first day on, including all pre existing reservations, which stretch as far as 10 months into the future.

The investment is secured by the continuous touristic development of Jomtien Beach and the prime location of the property directly at the beach. Which both contribute to stability of the real estate value and steady appreciation. All the condos are in full foreign ownership, so there is no necessity of a complicated company structure which would be the case in most of other business takeovers.

Another positive aspect of the investment is maximum flexibility for the new owner in terms of liquidibility in case of need, because he/she will be invested in four individual, separately salable units and not only a single building in one piece.

All rooms are on high floors and offer panoramic sea views, spacious layout, modern furniture and bright, light flooded atmosphere. Every room has its own free Hi-Speed Wi-Fi Internet connection, big LED Flat-Screen Smart-TV, DVD-Player, international cable TV channels, A/C, kitchen and balcony.

Our holiday guests enjoy free features such as 2 big swimming pools, 2 fitness centres, table tennis, 24/7 security, open and closed car parking. On-site are numerous restaurants, mini-marts, laundries, cafeterias, massage-shops, taxi services, motorbike and car rentals.

Songthaew Pick-up-Taxis for only 10 Baht to and from Pattaya Walking Street are available 24/7 directly in front of the gate. Three 7/11 supermarkets, One Family Mart, 2 Currency Exchanges and a German Bakery with Coffee Shop are in direct vicinity.

FACILITIES:
- Free Wi-Fi in all rooms,
- Wi-Fi in public areas,
- Free open car park
- Free closed car park
- Free motorbike park
- Rental car
- Taxi Service
- 2 Fitness centers
- Garden
- Massage shops
- 2 big Swimming Pools
- 2 Kids Swimming Pools
- Table Tennis
- Tours
- Ticket Service
- Bars
- Coffee shops
- Supermarkets
- Restaurants
- German Bakery nearby
- ATM
- Currency exchange
- Laundry Service
- Babysitting service
- Childrens Playground
- Express check-in/check-out
- 24/7 check-in/check-out
- 3 elevators
- Wheelchair accessible
- 24/7 security
- 24/7 Songthaew Pick-up-axis (10 Baht)


ADVANTAGES:
- direct beachfront location
- all rooms with panoramic sea view
- all rooms completely new refurbished in 2016 and 2017
- all rooms in foreign ownership
- 2 big swimming pools
- 24/7 10 Baht songthaew service to and from Pattaya City Center
- very well maintained property
- low yearly maintenance fee of only 7.000 THB per unit


OUR WEBSITES:
www.jomtienbeachfront.com
www.seaviewjomtienbeach.com
www.booking.com/hotel/th/beachfront-jomtien-beach-condo.html


EXPANSION POTENTIAL:

1. INCREASE OCCUPANCY RATE:
Right now at 80%, which is presumably already one of the highest in our area. Putting on sale also vacant gaps of 1-4 nights between longer reservations, occupancy rate can be further increased.

2. CUT DOWN ON CHANNEL COMMISSION:
Apart from our own website, right now the only channel we are working with is booking.com. About 70% of our nights are sold via booking.com. About 30% are sold via our own website. Channel commission on booking.com is 15% of the reservation price. Overall commission expenses reduce themselves naturally the longer we stay in business (return customers who reserve directly with us). They also can be actively reduced by improving our website in terms of functionality (booking function instead of email contact), by improving our websites SEO and by adding listings to other channels with lower commission rates.

3. INCREASE NUMBER OF ROOMS:
Right now we are operating with 4 own rooms and 1 room in sublease. By acquiring more units in the same building or by adding other units in sublease to the portfolio, the number of nights for sale and therewith the income can be increased. With every new own room yearly turnover / profit are increased by 240.000 THB / 198.000 THB at current occupancy rate.


REVENUE:
1.035.000 THB

PROFIT:
865.000 THB

SALES PRICE:
business+property = 8.790.000 THB
(chanote transfer costs: 50/50)


For questions or calculation sheet please feel free to contact at any time. Thank you.

More information available upon request, please contact seller below for further details.
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