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12 Rooms Hotel Located Prime Location Along Gurney Drive

 
 

1) land area - 5973kp

2) build up - 3862kp

3) business really running on apr of 8'2016

4) ssm register on 3/3/16

5) take about 5 mths to renovate full house to hotel ( from residential- start reno oct'15)

6) 3 staff for front desk

7) 1 for housekeeping

8) rental rm11,000/mth

9) period 15 years(3 years renew,increase not more then 15%)(nego)

10) expenses per mth 21k - 22k

11) revenue to 41k - 57k average at the moment

12) occupancy 55%-77% average

13) temporary lesen

14) commercial title

15) roundly 40% per annum profit margin

16) roundly 3 years can can get back the capital

 
 
Pulau Pinang, Pulau Pinang
 

Category: OTHERS, HOSTEL & HOMESTAY

Price RM480,000

Annual Turnover RM480,000

Annual Gross Profit RM240,000

Seller Contact: 0124090210

Seller Name: Shane Tan

 

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