College for Sale in Durg, India
For Sale: Fully equipped engineering college building with 32 classrooms.
This transaction has concluded.
Premium Plan
| Established | 10-20 year(s) |
| Employees | < 2 |
| Legal Entity | Other |
| Reported Sales | USD 147 thousand |
| Run Rate Sales | USD 150 thousand |
| EBITDA Margin | Nil |
| Industries | Colleges |
| Locations | Durg |
| Local Time | 4:00 PM Asia / Kolkata |
| Listed By | Management Member |
| Status | Moderately Active |
Full Sale
Asking Price:
USD
6.5 million
(Native Currency: INR 580,000,000)
Reason: The trustees have decided to no longer compete in the education industry.
Includes physical assets worth
USD
6.5 million
Interested to connect with advisors
Documents
Prospective School Proposal
(22.6 KB)
Prospective School Layout
(127.0 KB)
Prospective School Layout First Floor
(92.0 KB)
Prospective School Layout Second floor
(74.9 KB)
Prospective School Feasibility report
(288.2 KB)
Company PAN Card
(41.9 KB)
Group's Presentation
(12.0 MB)
Business Overview
- Engineering college infrastructure is for sale.
- The infrastructure includes a 14-acre plot of land, construction with a built-up area of 2 lakh square feet, furniture, engineering lab equipment, and vehicles.
- Formerly, the infrastructure was used by an AICTE approved engineering college offering full-time undergraduate (B. Tech) programs in mechanical, IT, civil, and electrical engineering streams.
- The college halted commercial operations last year and while operational had annual revenues of INR 4 crore with around 950 students enrolled and 35 staff members.
- The currently built infrastructure can accommodate 1,200 students in 32 classrooms and can easily be converted into a school with 48 classrooms built according to the CBSE standards.
- In addition to this, there are 4 fully equipped workshops and 4 engineering laboratories, a library with a capacity of 50,000 books and an air-conditioned auditorium which can accommodate 200 people.
- The facility is equipped with a 350KVA transformer with 3 backup diesel generators and a 24-hour water supply from borewells.
- 6 buses that were used by the college are also included in the transaction. They have not been used for a year and may require some maintenance.
- The acquirer will get all the physical assets of the business including the land, construction, vehicles, furniture, lab equipment, computers, and vehicles.
- The property is strategically located around 11 km from both Rachi and Bhilai and is readily accessible.
- The property is held under a trust and this legal structure is not offered on sale.
- Only the physical assets of the college are included in the transaction and the new acquirer would have to incorporate a new legal entity as required.
- Currently, 18,000 sq. ft. of space is leased out to TCS who use 800 computers owned by the college and pay a monthly rent of INR 11 lakh.
- The current rental agreement with the tenant lasts for the next two years and is expected to be renewed with a rent escalation of 20-25%
- The acquirer will receive all the cash flows from the tenant.
- The infrastructure includes a 14-acre plot of land, construction with a built-up area of 2 lakh square feet, furniture, engineering lab equipment, and vehicles.
- Formerly, the infrastructure was used by an AICTE approved engineering college offering full-time undergraduate (B. Tech) programs in mechanical, IT, civil, and electrical engineering streams.
- The college halted commercial operations last year and while operational had annual revenues of INR 4 crore with around 950 students enrolled and 35 staff members.
- The currently built infrastructure can accommodate 1,200 students in 32 classrooms and can easily be converted into a school with 48 classrooms built according to the CBSE standards.
- In addition to this, there are 4 fully equipped workshops and 4 engineering laboratories, a library with a capacity of 50,000 books and an air-conditioned auditorium which can accommodate 200 people.
- The facility is equipped with a 350KVA transformer with 3 backup diesel generators and a 24-hour water supply from borewells.
- 6 buses that were used by the college are also included in the transaction. They have not been used for a year and may require some maintenance.
- The acquirer will get all the physical assets of the business including the land, construction, vehicles, furniture, lab equipment, computers, and vehicles.
- The property is strategically located around 11 km from both Rachi and Bhilai and is readily accessible.
- The property is held under a trust and this legal structure is not offered on sale.
- Only the physical assets of the college are included in the transaction and the new acquirer would have to incorporate a new legal entity as required.
- Currently, 18,000 sq. ft. of space is leased out to TCS who use 800 computers owned by the college and pay a monthly rent of INR 11 lakh.
- The current rental agreement with the tenant lasts for the next two years and is expected to be renewed with a rent escalation of 20-25%
- The acquirer will receive all the cash flows from the tenant.
Products & Services Overview
Engineering college infrastructure with 2 lakh square feet built-up area of construction, 1,000 computers, engineering lab equipment, machinery, library, workshops, and 6 buses.
Facilities Overview
14 acres of owned land, which has a built-up area of 2 lakh sq. ft. out of which 18,000 sq. ft. is currently taken up by a tenant. 1,88,000 sq. ft. of area is currently vacant. It has 32 classrooms, 4 fully equipped workshops and 4 laboratories, a library with a capacity of 50,000 books, and an air-conditioned auditorium that can accommodate 200 students.
Capitalization Overview
Not Disclosed
Recent Activity
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Earlier than 15 daysDirector, Design Services, Delhi, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysGeneral Manager, Education - School & College, Sambalpur, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Dubai, Business Broker connected with the Business
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