|2/3 stars hotel in the heart Dubai, |
Locatded on main road at prime location in the whole sale market.
The G+7 Blue Glass graceful building,
Has 84 rooms including city view suits.
6 Spacious VIP outlets including night clubs &Restuarant.
Asking price US $ 15.6 Millions.
Annual Gross income Us$ 4.1 Millions.
Income from room rent
Summer( May to October): -
Room Rent Single AED200 doulbe AED 250 Suit AED 335
Corporate Rate 250/room
Occupancy 80% but when calculated 70 %
Total Room income during Summer will be
250( Multiply By) 60 rooms (Multiply by) 180 days
= AED 2,700,000
Approx AED 2.7 millions
Winter (November to April) ; -
Room Rent Single AED 350 Double AED 400 Suit AED 550
Corporate rate 350/room
Occupancy 110 %But when calculatd 95%
Total Room Income during winter will be
350 (Multiply by) 80 rooms (multiply by) 185 days
= AED 5,180,000
Approx AED 5.18 millions
Income from out-lets ( night clubs and restaurants
AED 5000 each dailly for 11 months
AED 5000 (multiply by) 5 (multiply by) 335 days
= AED 10,050,000
Approx AED 10 millions
TOTAL INCOME ; 2.7+5.18+10= 17.8 millions
Taxes, Managerial and operational Expenses
10 % on sales.. Total sales = AED 17.8 millions
= AED 1.57 millions
Salaries= AED 40,000 for 12 months =AED 480,000Purchase of food &beverage=AED 70,000 for 11 months =AED 770,000
Publicity and Promotions= AED 50,000
Total = approx AED 1.3 Millions
Water &Electricity Bills =30000 for 12 months = AED 360,000 Transport &Telephones average 10,000 for 12 months =AED 120,00
Yearly Renewal License =AED 100,000
Yearly Fee of Local Sponser =AED 100,000
Total approx 0.68 AED millions Total Expenses ; 1.77+1.3+.68 = AED 3.55 Millions
Net Operating Income; AED 12.15Millions
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