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Hotel in the Friendly Islands
Location Tonga
Asking Price Range $1.0M - $2.5M
Gross Revenues $300000
Net Profit / Cash Flow $300000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1981
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Description The Seaview Lodge & Restaurant Co. Ltd.
Polynesia's last Kingdom offers great lifestyle at a moderate paste in a warm climate - make this your new home by continuing Tonga's most famous hospitality business.
Situated at the waterfront in Tonga's capitol Nuku'alofa, 200 meters from the Royal Palace, the Seaview Restaurant has been Tonga's premier Restaurant for over 20 years. Royalties, Diplomats, Government Officials, Locals and Visitors have enjoyed its fine food and warm atmosphere since 1981, and represent a very solid basis for the business.
In the year 2001 the Seaview Lodge was built as an addition to the restaurant and has seen a 75% occupation rate since. The Seaview Lodge & Restaurant is a Limited Company and the new house (restaurant & hotel) which is owned by the company is part of the sale. To meet the high demand an adjoining building was leased which adds additional guest rooms to the hotel. The Seaview lodge has today a total of 14 guest units - easily manageable, yet large enough to provide satisfactory returns.
We will be happy to assist the new owner during a transition period of six month to guarantee the successful continuation of the business.
Financing available.
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