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Hotel Seeking Loan in Indore, India

Profitable hotel business with 2 branches seeks a loan to start 3rd branch.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 110 thousand
Run Rate Sales USD 130 thousand
EBITDA Margin 25 %
Industries Hotels
Locations  Indore
Local Time 2:50 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 36 thousand for 12.0% annual interest, 2 years (Native Currency: INR 3,000,000)
Reason: We want to start a 3rd hotel branch in Indore. We will be reinvesting our profits and require additi... View More
Collateral Available: USD 0
Includes physical assets worth USD 50 thousand
Interested to connect with advisors
Business Overview

1. We are running 2 hotels in Indore and planning for the 3rd project.

2. We have a good customer volume and a 60% occupancy rate.

3. We receive bookings from online platforms like OYO, MMT, and Goibibo.

5. We receive 30 customer visits per day.

4. We have a cloud kitchen, rooftop kitchen, and banquet hall available.

6. From cloud kitchen and restaurant we make 20% - 30% of our sales.

7. Seeking investment or loan up to INR 30 lakhs for our upcoming branch.

8. We have already booked a place in Indore near Rajeev Gandhi Square. The monthly rent is INR 4 lakh and the security deposit is INR 20 lakh.

9. The upcoming hotel has 18 rooms.

Products & Services Overview

1. 2 hotels with a total of 42 rooms in Indore.

2. Cloud kitchen.

3. Restaurant cafe.

4. Banquet hall.

Assets Overview

The business has furniture and all the hotel equipment is installed.

Facilities Overview

1. The facility's built-up area is 2,800 sqft on the ground floor.

2. Both hotels are on lease.

3. One hotel is situated at Lig Link Road and has 3 floors, 28 rooms, a cloud kitchen and a rooftop for guests.

4. Another property has 14 rooms and a rooftop restaurant in it.

Capitalization Overview

The business is funded by the sole owner and one of the owner's relatives has invested around INR 4 lakh at a monthly return of 3% around. We do not have any debts in the current business.

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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