Banquet Hall for Sale in Ludhiana, India

For Sale: Hotel and a Marriage Palace located beside a National highway in Ludhiana.

Established 10-20 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 240 thousand
Run Rate Sales USD 230 thousand
EBITDA Margin 12 %
Industries Hotels + 1 more
Locations  Ludhiana
Local Time 12:47 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 3 million (Native Currency: INR 220,000,000)
Reason: Retirement of the promoter.
Includes physical assets worth USD 3 million
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Business Overview

- Hotel and a wedding hall located in Ludhiana, Punjab. This is strategically located on 6 Lane National Highway, giving easy access to the customers.

- The whole area is of 4,420 Sq Yards of which the hotel is on an area of 450 Sq yards and the wedding hall is in an area of 700 Sq Yards.

- Remaining is an open area and the buyer can customize, although half of the front is best suited for a showrooms.

- Hotel has 12 rooms, kitchen and a restaurant.

- The buyer can also customize the hotel or keep it as it is, as per requirement.

- We are listed on booking. com and also take bookings via our own website.

- The hotel is being run by a third party who has leased the hotel building from us.

- The wedding hall can accommodate up to 400 guests for a function and also has an outdoor stage and a separate kitchen area for catering in the lawn area.

Products & Services Overview

- Marriage hall, Hotel and Restaurant and further can open Showrooms as it's on a 6 Lane National highway.

Facilities Overview

Total area of 4,420 Sq yards owned by the proprietor.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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