Banquet Hall for Sale in Tumkur, India
Banquet hall that organizes 5+ events monthly is for sale.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 83 thousand |
| Run Rate Sales | USD 97 thousand |
| EBITDA Margin | 40 % |
| Industries | Banquet Halls |
| Locations | Tumkur |
| Local Time | 7:13 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
1.44 million
(Native Currency: INR 125,000,000)
Reason: To use the capital for clearing debts.
Includes physical assets worth
USD
1.44 million
Interested to connect with advisors
Name, Phone, Email
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Business Name
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User Verification
Documents
Municipal Certification
(101.0 KB)
Gift Deed
(5.1 MB)
City Corporation Trade License Receipt
(102.3 KB)
Electricity Bill
(185.1 KB)
Business Overview
- A well-known brand in the town and go-to for marriage functions.
- The building has quality construction and is functioning with affordable pricing.
- The hall is on 17,000 sqft of land.
- We organize 5 - 6 events every month.
- The building has quality construction and is functioning with affordable pricing.
- The hall is on 17,000 sqft of land.
- We organize 5 - 6 events every month.
Products & Services Overview
This is a banquet hall and we organize weddings and parties in our facility. The business is in a service-oriented industry with rental options.
Assets Overview
Assets include land and building that is included in the transaction, brand, and existing clientele.
Facilities Overview
- The facility is of 17,000 sqft of land & 18,000 built-up area. The land and building are owned.- It consists of 3 floors, the topmost with a party hall-like open space and the rest two as banquet halls.
- It also consists of a dining hall with a kitchen that has a capacity for 200 people.
- The facility is located in the north of the city.
Capitalization Overview
- The business is funded with the help of financial institutions.- It is a sole proprietorship business.
- The outstanding debt of the business is INR 6 cr.
Recent Activity
-
Earlier than 15 daysFounder & CEO, Delhi, Business Broker connected with the Business
-
Earlier than 15 daysExecutive Assistant, Hospitality, Mumbai, Individual Investor / Buyer connected with the Business
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