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Listing Id: 31848 Last Refreshed: 17/05/2024 Total Views: 288

Bintan Kelong Resort

Bukit BatokResorts
Asking Price: S$200,000
Business For Takeover
Look For Investor
Look For Partner
Michael Lim
Email Owner

Overview

  • Premise Type N/A
  • Premise Size N/A
  • Monthly Rental N/A
  • Rental Desposit N/A
  • Revenue N/A
  • Liability N/A
  • Gross Profit N/A
  • Net Profit N/A
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Investor
  • Staff 7
  • Established 2018
  • Source Direct Seller

Reason For Sale

I wish to expand on the project

Description

Looking for investors to expand a open sea Kelong Resort in Bintan.
Investor profile: Interest in open sea life style or fishing enthusiast. Investor bringing kins and friends will create a natural marketing tools for referrals.
Sea Villa Resort: 9m x 25m unit built-up consisting of 4 rooms with attached bathroom and 1 worker cum storeroom.
1. The investment is for the full period of the company licence to operate till 2050.
2. The investment will include all maintenance and repairs for 10 years.
3. At the end of every 5 years there will be a charge of $10,000/- for major repairs and maintenance to warranty for next 5 years.
4. A set of 5kVa solar energy system with 1 standby 5kVa petrol generator.
5. 2 pieces of watermat 6m x 2m x 45mm thk.
Investment Returns:
1. BKR will pay $20/- per person per night for guest staying in the resort to investors.
2. The resort will operate from April to November and close for maintenance during the monsoon month of December to March.
3. Based on occupancy rate of 30%, ROI to be expected is $3,000/- per month for 8 months and $24,000/- per year

Business Operation

Floating structure in the sea
Facilities
Currently it's the only one.
Competition
No Problem with expansion as the permit applied is for 1 Hectare
Expansion Potential

Property Information

Rent
Premise Status
25 years
Lease Term
Lease will commence in 2025 till 2050
Premises Details
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