The Thai Horse Farm Co. Ltd. is South East Asias most successful provider of adventurous horse-riding tours and earned TripAdvisors Certificate of excellence with 5 stars. Please have a look at our website and "Thai Horse Farm Chiang Mai" on TripAdvisor.
Since the farms founding 20 years ago, we gathered a great amount of experience in the organization and execution of exclusive trekking trips through remote and untouched landscapes. Our concept is based in the principles of sustainable ecotourism, which prioritizes protecting the natural jungle environment as well as local customs and traditions. Our family business combines German management with Thai hospitality.
Following tourism market developments, the Thai Horse farm relocated last year to a new placement just outside North Thailands Capital Chiang Mai. Now we are only 25km out of the city center, still surrounded by breathtaking nature at the foot of a forest covered mountain chain.
Here we offer, following increasing demands, our 1- day horse trekking tours.
With upcoming issues of health and aging as well as future changes in our daughters education, our family will move back to Germany for the next years. For these reasons we will not be able to continue managing the Thai Horse Farm Co. Ltd. and heavy heartedly decided to sell the business.
As part of the transaction all the shares, registered with a capital of 2 million baht, will get handed over to the new owners. All domains and websites of the Thai Horse Farm, which mostly been existing for almost 20 years and own a first-class Google ranking, as well as nine excellently trained horses, the complete equestrian and touring equipment, all the know-how and the unique successful concept are also included in the sale.
We will ensure a comprehensive and detailed training of the new team for a time yet to be determined.
The current concept of the Thai Horse Farm provides riding tours with a maximum of 4 participants. We offer these tours for a flat rate of only 4900 Thai Baht per person. This results in the following calculation:
With a minimum utilization of only 50%, this results in a turnover of about 3.6 million baht per annum.
The total annual expenses, including salary for 3 employees, rent of the farm area (about 8000 square meters with house and land), the operation of the farm and the execution of the tours costs, make a maximum of 2.5 million baht.
This results in an annual net-income of 1.1 million baht, making around 91660 baht per month.
However far more realistic is the following calculation:
270 days per year (about 75%) 4 Guests × 4900 =
Total annual expenditures
Profit =================================================== Monthly profit 191000 Baht. (5457€)
When applying a sales-multiplier factor of 1.5, it results in an enterprise value of 5,400,000 Baht.
Based on the operating profit and the factor 5 (a usually factor would be up to 8), it results in an enterprise value of 5.5 million Baht.
According to the second Consideration, the sales calculation results in a value of 7,938,000 baht.
A calculation on the operating profit concludes in a number of 11'460'000 baht.
I assure that all statements are actual facts, and all considerations are based on realistic assumptions.
Please make an offer!