Guest House Seeking Loan in Foakaidhoo, Maldives
Guesthouse and restaurant in Foakaidhoo serving locals and tourists, seeks funding to open second location.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 227 thousand |
| Run Rate Sales | USD 230 thousand |
| EBITDA Margin | 10 - 20 % |
| Industries | Guest Houses |
| Locations | Foakaidhoo |
| Local Time | 3:11 PM Indian / Maldives |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
325 thousand
for
10.5%
annual interest,
10
years
(Native Currency: MVR 5,000,000)
Reason: Seeking funds to establish a new guesthouse.
The loan can be repaid through personal funds and alte...
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Collateral Available: USD 0
Includes physical assets worth
USD
520 thousand
Interested to connect with advisors
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Business Overview
- Located in Foakaidhoo, our business operates as a guesthouse and restaurant, attracting both local and international tourists.
- We currently manage a 6-room guesthouse that is fully booked during peak seasons such as Eid and year-end, achieving a 100% occupancy rate.
- Our restaurant features a seating capacity of 60, providing guests with a delightful dining experience that complements their stay.
- We are planning to expand by opening a second branch under the same name, offering 5 to 10 rooms and maintaining the same high standards of service.
- In addition to lodging and dining, the new branch will provide guests with exciting activities like surfing and snorkeling, enhancing their overall experience in the Maldives.
- Our business is registered with the Ministry of Tourism, ensuring compliance with local regulations and boosting credibility among travelers.
- We currently manage a 6-room guesthouse that is fully booked during peak seasons such as Eid and year-end, achieving a 100% occupancy rate.
- Our restaurant features a seating capacity of 60, providing guests with a delightful dining experience that complements their stay.
- We are planning to expand by opening a second branch under the same name, offering 5 to 10 rooms and maintaining the same high standards of service.
- In addition to lodging and dining, the new branch will provide guests with exciting activities like surfing and snorkeling, enhancing their overall experience in the Maldives.
- Our business is registered with the Ministry of Tourism, ensuring compliance with local regulations and boosting credibility among travelers.
Products & Services Overview
The business offers a combination of lodging, dining, and recreational experiences, operating a 6-room guesthouse and a 60-seat restaurant attracting both local and international tourists.The planned second branch will expand lodging with 5–10 rooms and offer activities such as surfing and snorkeling.
Assets Overview
Physical assets include own land, property, furniture and fixtures.These assets are essential for business operations and cannot be liquidated.
Facilities Overview
Currently operating a fully owned 4,000 sq. m. guesthouse and restaurant in Foakaidhoo.For the new branch, we plan to rent land and construct a facility on an identified 2,000 sq. ft. site.
Capitalization Overview
Self-funded.No outstanding loans.
There is 1 owner in the business.
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