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Listing Id: 31848 Last Refreshed: 17/05/2024 580 Views

Bintan Kelong Resort

Expired
Asking Price S$200,000
This listing has Expired

This listing is no longer active and is not accepting enquiries. The seller may renew it to make it available again.

Overview

Financial Performance

Monthly Figures
Revenue
Not Provided
Gross Profit
Not Provided
Net Profit
Not Provided
Monthly Rentalt
Not Provided

Business Operations & Assets

Staff
7 Employee
Year of Incorporation
2018
Owner Role
Investor
Premise Status
Rent
Premises Details
Lease will commence in 2025 till 2050

Business Details

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

Facilities

Floating structure in the sea

Competition

Currently it's the only one.

Expansion Potential

No Problem with expansion as the permit applied is for 1 Hectare
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