Bar for Sale 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 |
- 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.
- 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.
- 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.
- 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.
Ownership: The hotel is solely owned by the owner, who holds 100% ownership of the business.
-
Earlier than 15 daysManager, Real Estate, Colombo, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysBusiness Broker, Singapore, Business Broker connected with the Business
-
Earlier than 15 daysDirector, Construction & Maintenance Services, Melbourne, Individual Investor / Buyer connected with the Business