Bamboo Bungalows FOR SALE on Koh Rong Samloem Island, SHV

Yes... we are absolutely interested in your $50,000 bar for sale with 3 stools and no customers.
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Re: Bamboo Bungalows FOR SALE on Koh Rong Samloem Island, SHV

Post by beaker » Sun Dec 25, 2016 4:32 pm

you might want to read this before buying

https://cambodiaexpatsonline.com/post154 ... ng#p154705
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Re: Bamboo Bungalows FOR SALE on Koh Rong Samloem Island, SHV

Post by OKW » Sun Dec 25, 2016 5:45 pm

one you could buy for 90k probably would not.
lurcio wrote:Some of these plots on Saracen Bay are turning over nearly a million dollar a year so not a bad investment if you get your 20 years out of it.
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Re: Bamboo Bungalows FOR SALE on Koh Rong Samloem Island, SHV

Post by Bertros » Mon Dec 26, 2016 2:27 am

lurcio wrote:Some of these plots on Saracen Bay are turning over nearly a million dollar a year so not a bad investment if you get your 20 years out of it.

so you bought in? curious as to your source, that's quite a lot of cash flow.

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Re: Bamboo Bungalows FOR SALE on Koh Rong Samloem Island, SHV

Post by Luigi » Mon Dec 26, 2016 3:43 am

lurcio wrote:Some of these plots on Saracen Bay are turning over nearly a million dollar a year so not a bad investment if you get your 20 years out of it.
Source please.
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Re: Bamboo Bungalows FOR SALE on Koh Rong Samloem Island, SHV

Post by OKW » Mon Dec 26, 2016 4:19 am

Source is probably the obove promoter
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Re: Bamboo Bungalows FOR SALE on Koh Rong Samloem Island, SHV

Post by lurcio » Mon Dec 26, 2016 5:11 pm

Just do a quick back of the fag packet calculation on one of the resorts.
15 bungalows at $150 a night is $2250 a day so a possible 800K a year.
Then you have 40 guests each spending $20 a day in the bar/restaurant so another 300K a year.
Add in activities / boat trips / snorkeling and the like for a bit more income.

Sure, they're not gonna have 100% occupancy but that island is crazy popular at the moment - limited supply and high demand means $$$
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Re: Bamboo Bungalows FOR SALE on Koh Rong Samloem Island, SHV

Post by Raybull » Mon Dec 26, 2016 7:06 pm

lurcio wrote:Just do a quick back of the fag packet calculation on one of the resorts.
15 bungalows at $150 a night is $2250 a day so a possible 800K a year.
Then you have 40 guests each spending $20 a day in the bar/restaurant so another 300K a year.
Add in activities / boat trips / snorkeling and the like for a bit more income.

Sure, they're not gonna have 100% occupancy but that island is crazy popular at the moment - limited supply and high demand means $$$
More like 15 bungalows at 30$ (40 HS and 20$ LS) with 25 people spending 20$ with a 30% yearly occupancy.
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Re: Bamboo Bungalows FOR SALE on Koh Rong Samloem Island, SHV

Post by Barang_doa_slae » Mon Dec 26, 2016 7:13 pm

Raybull wrote:
lurcio wrote:Just do a quick back of the fag packet calculation on one of the resorts.
15 bungalows at $150 a night is $2250 a day so a possible 800K a year.
Then you have 40 guests each spending $20 a day in the bar/restaurant so another 300K a year.
Add in activities / boat trips / snorkeling and the like for a bit more income.

Sure, they're not gonna have 100% occupancy but that island is crazy popular at the moment - limited supply and high demand means $$$
More like 15 bungalows at 30$ (40 HS and 20$ LS) with 25 people spending 20$ with a 30% yearly occupancy.
Hmm that 30% occupancy is very low imo.
When I had bungalows on ktk about 6 years ago we were running at 50% annually but a better organization would have easily pushed that number to 70%.
Until a couple of years ago my understanding was that KR and KRS businesses were running at almost full capacity all year round.
I agree that the multiplication of bungalows might have changed that to the 50% stated earlier though.
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Re: Bamboo Bungalows FOR SALE on Koh Rong Samloem Island, SHV

Post by Anchor Moy » Mon Dec 26, 2016 7:53 pm

beaker wrote:you might want to read this before buying

https://cambodiaexpatsonline.com/post154 ... ng#p154705
Different island. This is Koh Rong Samloem. AFAIK it was owned by the navy. There were very few people living there up until 5 or 6 years ago. I have an old photo (maybe 10 years ago ) where the only things on the beach at Saracen Bay are me and a couple of bits of driftwood. There was an abandoned oyster park down one end of the beach if I remember right.
Anyway, :dm: the point I wanted to make was that unlike KR, KRS had very few inhabitants, apart from a small fishing village, until the recent construction boom. AFAIK it was government owned and occupied until recently, so I would think that here are probably few problems with land rights.

However, it is possible that there were people living there who got turfed out when the navy moved in.
I don't know. Anyone ?
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Re: Bamboo Bungalows FOR SALE on Koh Rong Samloem Island, SHV

Post by Raybull » Mon Dec 26, 2016 8:52 pm

Barang_doa_slae wrote:
Raybull wrote:
lurcio wrote:Just do a quick back of the fag packet calculation on one of the resorts.
15 bungalows at $150 a night is $2250 a day so a possible 800K a year.
Then you have 40 guests each spending $20 a day in the bar/restaurant so another 300K a year.
Add in activities / boat trips / snorkeling and the like for a bit more income.

Sure, they're not gonna have 100% occupancy but that island is crazy popular at the moment - limited supply and high demand means $$$
More like 15 bungalows at 30$ (40 HS and 20$ LS) with 25 people spending 20$ with a 30% yearly occupancy.
Hmm that 30% occupancy is very low imo.
When I had bungalows on ktk about 6 years ago we were running at 50% annually but a better organization would have easily pushed that number to 70%.
Until a couple of years ago my understanding was that KR and KRS businesses were running at almost full capacity all year round.
I agree that the multiplication of bungalows might have changed that to the 50% stated earlier though.
True, 30% might be a worse case scenario, but it also a number given to me by a fairly large foreign owner in October when discussing all the resorts. Maybe I misunderstood and he was mentionning that the average low season rate was 30% overall. His rates are quite a but higher but he also has the means to funnel tourists by way of other businesses. I'll add that things were very slow till November this year as well, so I'm not sure I would count a more than a five month high season going forward.
And what's this 150$ resort? Sok San Resort?
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