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Cambodia Small Resort And Glamping Business For Sale

Otres Village, Sihanoukville, Cambodia
Asking Price:
$58,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Under $100K (USD)
Cash Flow:
Under $50K (USD)

Great opportunity for the right person/couple to own a profitable turnkey business in one of the most up and coming areas in Cambodia, Otres Village. Not far from famous and popular Otres Beaches.
The property (800m2) features a swimming pool, accommodation, bar, cafe and outside dining/relaxing areas, BBQ and fire pit, kitchen including crockery, cutlery etc. Storage shed, tool shed/pump room.
Well marketed, in all the tourist print magazines. Website with direct booking engine. OTA setup with Agoda, booking.com, Expedia and a channel management system in place (full front office reservation system) Logo files and print marketing materials.
Accommodation includes a wooden bungalow with private en suite bathroom and hot shower, balcony, queen bed, single bed/sofa, 32"flatscreen cable tv, mini fridge and small kitchenette (which can be taken out or expanded). There are 3 dome tents with mattresses, light, electric outlets, fans. And one large resort tent which features a private jungle shower bathroom, queen bed and two singles, mini fridge and rooms inside which can be divided off for privacy. The resort tent is set on a polished concrete slab. All accommodations overlook the swimming pool and gardens.
Mattresses, linen and toiletries are good quality. There is a large extra storage shed which also doubles as staff/owner accommodation.

Landscaped gardens with banana trees, basil, chilli and different coloured species of plants/flowers.
Property is fully fenced off so stray dogs etc. cannot enter. Lockable large front sliding gate.
Property has been raised so flooding in rainy season is not an issue.
The electricity is in my name which can be transferred (4 phase cable so it's possible to connect many more things such as a/c's, fridges, hot showers etc without any problems) which means I pay the correct rate to the electric company. Most other properties in this village pay electricity to the landlord who charges double the cost per KW.
I also have my own water tank with a pump and water leveller so when the village is out of water my property still has water.

This is a fairly easy to run business where you don't have to kill yourself to earn a living. Most of the guests staying (booked online or walk in) extend their stay. It's very chilled out and the guests reflect this vibe as well. The swimming pool on the property is a huge drawcard and most guests enjoy the relaxed atmosphere with a cocktail in the pool or sun beds on the pool deck.

For someone wanting to expand the current business there is enough space on the property to build more bungalows or even put a new level on top of the existing bar/cafe area to build more rooms. (and I as I mentioned previously, the electricity capacity on this property can handle it)

There's some extras like bicycles, spare TV, hammock bed/tent, tools, extra materials leftover and stored out of sight.

Property information

Real Estate:

Lease

Lease Terms:

10 year + 5 year lease is like this. (just under 3 years has been used already from the 10 year lease)
2.3 years at $250 per month then next 5 years at $350. Last 5 years negotiable at around $450/$550 per month. The last 5 years I can be involved in that negotiation with the landlords to assist the new owner.

Leasehold Rent:

$3,000 (USD) per annum

Location:

Located in established and still up and coming Otres Village near Otres Beaches and 15 minutes from downtown Sihanoukville. Tranquil village with many restaurants, bars, guesthouses, rivers and lakes.

Premises Details:

800m2. (please read main description for more details)

Size in square feet:
800m2
Planning Consent:

You don't need building permits here if you wish to extend etc.

Business Operation

Expansion Potential:

Enough space on the property to build more bungalows or install more tents. The tents pay for themselves VERY quickly! There is also the space to build a 1st/2nd floor on the existing cafe/bar area.

Competition / Market:

There are a lot of accommodation businesses in this area however Cubby House is the only glamping resort in SHV so with this there is no direct competition if people are wanting a glamping experience. Over 90% of guests extent their stay.

Reasons for selling:

To concentrate on my web development/business consulting business. I also need lower back surgery and the recovery will be long.

Trading hours:

7am to 10pm (sometimes later)

Employees:
4 including owner
Years established:
2

Other Information

Support & training:

One week should be enough but willing to give more time if need be.

Website:
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