Banquet Hall for Sale in Morjim, India
Boutique hotel in Morjim, with 24 stylish-rooms, high occupancy and modern-amenities, located near the airport.
| Established | 1-5 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 240 thousand |
| Run Rate Sales | USD 150 thousand |
| EBITDA Margin | 30 - 40 % |
| Industries | Hotels + 1 more |
| Locations | Morjim |
| Local Time | 11:15 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Recently Active |
Full Sale
Asking Price:
USD
3.14 million
(Native Currency: INR 300,000,000)
Reason: - Moving to Portugal for personal reasons.
- The asking price is a reference and negotiation are ma...
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Includes physical assets worth
USD
3.14 million
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Business Overview
- A charming 24-room boutique hotel in Morjim, Goa, perfect for tourists and short-stay visitors.
- Features stylish accommodations including single and double occupancy options, attracting about 500 guests monthly with an 8.8 out of 10 rating from customers on booking. com and 4.5 on google reviews with close to 400 reviews.
- Enjoys high occupancy rates, especially peaking at 80% or more from December to March and regularly has 30% to 40% occupancy.
- Guests can relax in amenities like a swimming pool, gym, restaurant and bar, coffee shop, kids play area, and a banquet hall.
- Located just walking distance kilometres from the beach and set on a spacious 964 sqm plot with 6-meter road access just 25km from Mopa Airport.
- Actively partnered with online travel agencies, charter companies like (Minar, Tci, concord, & caper) and travel agents for bookings, social media, as well as gaining many repeat customers. to whom a 20% commission is paid.
- Notably tied up with pharma companies for events and parties accommodating up to 100 guests.
-Due to the ongoing war and disturbances, sales have dipped slightly. It’s currently the off-season, so the drop is expected, but once the season kicks in, the business should see strong revenue again.
- Generated impressive revenues of INR 1.2 crore in just 4 months in beginning 4 years ago in absence of a restaurant as well, INR 2.6 Cr 3 years ago, INR 2.3Cr revenue previous year and projected to continue strong growth.
- Features stylish accommodations including single and double occupancy options, attracting about 500 guests monthly with an 8.8 out of 10 rating from customers on booking. com and 4.5 on google reviews with close to 400 reviews.
- Enjoys high occupancy rates, especially peaking at 80% or more from December to March and regularly has 30% to 40% occupancy.
- Guests can relax in amenities like a swimming pool, gym, restaurant and bar, coffee shop, kids play area, and a banquet hall.
- Located just walking distance kilometres from the beach and set on a spacious 964 sqm plot with 6-meter road access just 25km from Mopa Airport.
- Actively partnered with online travel agencies, charter companies like (Minar, Tci, concord, & caper) and travel agents for bookings, social media, as well as gaining many repeat customers. to whom a 20% commission is paid.
- Notably tied up with pharma companies for events and parties accommodating up to 100 guests.
-Due to the ongoing war and disturbances, sales have dipped slightly. It’s currently the off-season, so the drop is expected, but once the season kicks in, the business should see strong revenue again.
- Generated impressive revenues of INR 1.2 crore in just 4 months in beginning 4 years ago in absence of a restaurant as well, INR 2.6 Cr 3 years ago, INR 2.3Cr revenue previous year and projected to continue strong growth.
Products & Services Overview
24-room, boutique, restaurant, hotel offering stylish accommodations and a range of hospitality services for tourists and short-stay visitors.
Assets Overview
- Tangible assets: Hotel property in Morjim, Goa.* Property & Structure:
- Land valued at INR 8 Cr.
- Buildings: INR 13 Cr.
- restaurant, pool, lobby.
- Banquet hall with furniture.
* Rooms & Guest Area Assets (24 guest rooms)
- Furniture: beds, mattresses, nightstands, desks, chairs, wardrobes, sofas.
- Fixtures: lighting, curtains, carpets, bathroom fittings, TVs, AC units, safes.
- Room amenities: mini-fridges, kettles, hairdryers.
* Food & Beverage.
- Kitchen equipment: ovens, stoves, refrigerators, fryers, exhausts.
- Restaurant/bar furniture: tables, chairs, bar counters, coffee shop.
- Dining ware: plates, glasses, cutlery.
* Operations & Back of House.
- Front desk equipment: computers, POS systems, key card machines, phones.
- Housekeeping equipment: vacuum cleaners, trolleys, cleaning supplies storage.
- Maintenance tools: generators, water heater, water filtration, pressure pump.
* Guest Experience & Other Facilities.
- Recreation: gym equipment, spa tables, pool furniture, sports gear.
- IT & security: CCTV cameras, fire safety systems, Wi-Fi routers, door locks.
- Signage, decor, artwork.
(Rest all together Banquet, and equipment valued at INR 9Cr)
* Intangible assets:
FSSAI, tourism certificate for B category, fire permission, trade licence renewal applied for.
And all panchayat taxes are also cleared.
Facilities Overview
Property comprises building in Morjim, Goa. Total built-up area of 10376 sq. ft and there are 2 structures (one big & one small) bigger one is ground + 3 & smaller one ground +2.
Capitalization Overview
No loans, no outstanding debts—just a sole proprietorship running smoothly and completely bootstrapped.
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