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Hotel for Sale in Weligama, Sri Lanka

Buy a profitable surf property with 22 rooms, full amenities, and a long-term owner-manager.

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
Overall Rating
Full Sale
Asking Price: USD 520 thousand (Native Currency: LKR 150,000,000)
Reason: Want to move on to another business.
Includes physical assets worth USD 520 thousand
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Business Overview
- Very famous surf property in Midigama, Sri Lanka.
- 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.
Products & Services Overview
Hotel/resort with a mix of normal and sea-view rooms. We offer access to the surf beach and have all amenities like a swimming pool, restaurant, Yoga Shala, and massage room.
Assets Overview
Tangible assets include.
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.
Facilities Overview
We have 22 rooms available (7 with a sea view), there is a restaurant (with a sea view) with an open kitchen, a swimming pool, a Yoga shala with a wooden deck, massage room with a table.
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.
Capitalization Overview
- Single owner of the entire business and property.
- No bank loans or debt in the owner, business, or property.
Recent Activity
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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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