- February 25, 2024
- 34 Views
Business Overview
– Lodge business with 20 air-conditioned bedrooms in the city centre, 50 meters from sp Road. Selling only the business not the property.
– Cater to the budget segment.
– 75% occupancy rate at any point in time.
– Loyal corporate and individual clientele with several regular guests.
– One of the best-rated budget hotel in the locality.
– We do not have an in-house kitchen but offer food service with the help of 2 restaurants.
– Our sales have dropped a little due to the general economic slowdown but is expected to pick up as the COVID pandemic resolves.
– Physical assets owned by the business include furniture, furnishings, electronics and air-conditioning equipment.
– Buyer will acquire the legal entity that owns the business which includes the brand name and all the assets of the business.
Products & Services Overview
Lodge with 20 fully furnished air-conditioned rooms.
Assets Overview
Air conditioners, furniture, generator and the security deposit.
Facilities Overview
The property is leased to us till 2028. 20 fully furnished well ventilated air-conditioned rooms spread across 7,500 sq. ft. of leased space in a commercial building. The ground floor has a small but easily accessible reception counter. We occupy the 3rd and 4th floor which have 10 bedrooms each. The lease is valid for the next 8 years. The Goodwill amount asking is INR 95 lakhs and the monthly rent to be paid is INR 1,50,000.
Capitalization Overview
Not Disclosed