Looking for a business partner to expand my existing resort

Posted last year
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Price 1200000
Please contact Zac
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Description:
My wife (Thai) and i (UK) moved to Thailand 3 years ago and built a small resort on Koh Chang from scratch. Currently we have 6 bungalows and a small 2 bedroom house available to rent, we also have a bar, restaurant and laundry room, our private accommodation is above our bar and restaurant. While we can survive quite comfortably with what we already have, we are not making much return on our initial investment, we feel expanding our current business is the best way forward. What we propose to do is build another 7 or 8 bungalows and a small swimming pool on a piece of land that we have acquired next to our resort. Once this is complete we conservatively estimate a return of investment of 20-25% per year. We operate as a Thai company and have obtained all the required licences to trade legally in Thailand and i have a work permit through the company. I have all the financial records and have worked out the predictions of income based on what we already have. The area we are in on Koh Chang is now being developed quickly with a lot of new businesses opening since we started, we are also getting more people in this area year on year and our business has a very high percentage of return guests. This area is up and coming and it will only get busier in the years ahead, this is the right time to invest in this area. We are looking for 1.2 million baht for a 20% share in our business, if you believe this is something for you then please contact me and i can supply all the financials or come down and visit us and see for yourself what a good opportunity this is.
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Lakchai Resort Member
Member since 23 May 2019
Koh Chang, Thailand
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