Hotel for Sale in Weligama, Sri Lanka
Established | 10-20 year(s) |
Employees | 5 - 10 |
Legal Entity | Sole Proprietorship/Sole Trader |
Reported Sales | USD 27.5 thousand |
Run Rate Sales | USD 41 thousand |
EBITDA Margin | 14 % |
Industries | Hotels |
Locations | Weligama |
Local Time | 3:06 AM Asia / Colombo |
Listed By | Business Owner / Director |
Status | Active |
- We operate at full capacity at almost all times.
- Keep minimal staff at off-season to control expenses and operate at 100% of that capacity.
- Last year was particularly bad and revenue was lower than usual. We do about LKR 10-12 million in a good year.
- Buyer will receive the entire land, building, and other infrastructure.
- Owner has grown this property step-by-step.
- They started with barely 3 rooms and have now made it an entire complex of 22 rooms with multiple amenities.
- The owner stays on the property and manages it full-time.
40 perches of land valued at LKR 2 million per perch. (Total value LKR 80 million)
It is difficult to independently value our infrastructure because we have not conducted an official valuation. However, after depreciating our initial investment. The entire infrastructure including the three buildings, the house, and all the fixtures are valued at about LKR 120 million. This takes the total asset value to about LKR 200 million. But the entire complex with land and building is being offered at a discounted price of LKR 150 million.
The rooms are spread across the three buildings on 40 perches of land. There are two 3-story buildings and one 2-story building.
The hotel/resort is opposite the famous Lazy Left Surf Break in Midigama.
The entire complex is in Midigama, close to the railway station and 5.6 km west of Weligama.
There is a garden, one house, and a 200 sq. m. parking space available as well.
- No bank loans or debt in the owner, business, or property.
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Earlier than 15 daysCo-Founder And CEO, Hotels And Resorts, Chennai, Individual Investor / Buyer connected with the Business