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Bar for Sale in Sigiriya, Sri Lanka

Tourist board-approved hotel with bar license on a 2 acre property in Sigiriya, Sri Lanka.

Established 30-40 year(s)
Employees 2 - 5
Legal Entity Other
Reported Sales USD 16.7 thousand
Run Rate Sales USD 16 thousand
EBITDA Margin 40 %
Industries Hotels + 1 more
Locations  Sigiriya
Local Time 7:45 AM Asia / Colombo
Listed By Management Member
Status Active
Overall Rating
Full Sale
Asking Price: USD 670 thousand (Native Currency: LKR 200,000,000)
Reason: The owner, who is in his 60s, is planning to relocate abroad and is unable to actively manage the bu... View More
Includes physical assets worth USD 400 thousand
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Business Overview
- The business is a bar and a 10-room hotel in Sigiriya, Sri Lanka.
- Number of clients: the bar attracts a steady flow of local residents and tourists, with an average of 150 clients per week.
- Primary revenue stream is from bar sales, offering a diverse selection of beverages and occasional events, positioning it as an attractive investment opportunity.
- Hotel features 10 rooms and a restaurant, but these facilities are not in operation due to the need for renovations, presenting the potential for revitalization and further development.
- Strong local relationships with suppliers ensure consistent product quality and availability, contributing to the business's operational stability and potential for growth.
- Business is situated on a 2 acre property in Sigiriya, Sri Lanka, providing ample space and potential for future expansion or diversified offerings, making it an attractive investment opportunity in the hospitality industry.
- We have seen a slight drop in sales as we stopped giving out the rooms.
- The company has all the necessary licenses and certifications.
Products & Services Overview
The business's top-selling services are:
- Bar services:
Who uses them: residents and tourists visiting Sigiriya.
How: customers visit our bar to enjoy a wide range of beverages, and local spirits.
While our hotel features 10 rooms and a restaurant, these facilities are currently not in operation.
Our hotel's prime location and potential for revitalization make it an attractive investment opportunity, with the bar serving as a strong starting point for further development.
Assets Overview
Tangible assets:
- 2 acre property in Sigiriya, Sri Lanka with 2 buildings.
Buildings:
- Accommodation building with 10 rooms on two floors.
- Separate building for the restaurant and bar.
- Furniture, fixtures, and equipment (FF&E):
* Furnishings and decor in the rooms.
* Kitchen equipment and furniture in the restaurant.
* Bar equipment and furniture in the bar.
The above assets are worth LKR 80 million.
Intangible assets:
- Licenses and approvals:
* Bar license: allows for the legal operation of the bar within the hotel.
Tourist board approval: endorses the hotel as a recognized tourist accommodation.
- Goodwill and reputation:
* Established customer base and reputation in the local hospitality industry.
- Business relationships:
Existing relationships with suppliers and local tourism agencies.
The above assets are worth LKR 120 million.
Facilities Overview
Our hotel features two main buildings:
- Restaurant and bar building: A dedicated, modern single-story building housing our vibrant restaurant and bar. This area is designed to offer a comfortable dining and social experience.
- Accommodation building: A separate two-floor building housing our 10 rooms, designed to provide guests with comfortable and private lodging options.
The buildings are built on land with a total area of 2 acres located in Sigiriya, Sri Lanka.
Capitalization Overview
Funding: Our hotel has been funded entirely by the owner's investment, with no loans or debts incurred in its development or operation.
Ownership: The hotel is solely owned by the owner, who holds 100% ownership of the business.
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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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