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Banquet Hall for Sale in Tumkur, India

Banquet hall that organizes 5+ events monthly is for sale.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 90 thousand
Run Rate Sales USD 100 thousand
EBITDA Margin 40 %
Industries Banquet Halls
Locations  Tumkur
Local Time 2:02 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 1.5 million (Native Currency: INR 125,000,000)
Reason: To use the capital for clearing debts.
Includes physical assets worth USD 1.5 million
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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.

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
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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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