Newly Established Bed & Breakfast Seeking Loan in Kalimpong, India
Boutique resort, to be launched, promoting the unexplored flora, fauna, cuisine, customs of Eastern Himalayas.
Premium Plan
| Established | 0-1 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Hotels + 1 more |
| Locations | Kalimpong |
| Local Time | 10:54 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
29 thousand
for
14.0%
annual interest,
3
years
(Native Currency: INR 2,500,000)
Reason: - The Loan is needed for short-term working capital requirements.
- This is asset-backed funding, s...
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Collateral Available: USD 29 thousand
Includes physical assets worth
USD
470 thousand
Name, Phone, Email
Available after connect
Business Name
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User Verification
Business Overview
Upcoming 30-room boutique hotel, nestled in the forest with excellent road connectivity. The boutique hotel is 60 km from Bagdogra airport/NJP station, a base for nearby excursions.
- The hotel was constructed 1 year ago but it was not operational. We recently acquired this hotel for INR 3.3 crore.
- We plan to renovate the building and will complete the renovation in 3 months to start operations for this year's season.
- The hotel is projected to earn a monthly revenue of INR 7 lakh at an EBITDA margin of 30%.
- The hotel is owned by a sole proprietorship.
- We can either convert the business to a private limited company or discuss some arrangement with the investor.
- The business owner advises companies from all sectors in M&As and this will be the first venture in the hospitality sector.
- The hotel was constructed 1 year ago but it was not operational. We recently acquired this hotel for INR 3.3 crore.
- We plan to renovate the building and will complete the renovation in 3 months to start operations for this year's season.
- The hotel is projected to earn a monthly revenue of INR 7 lakh at an EBITDA margin of 30%.
- The hotel is owned by a sole proprietorship.
- We can either convert the business to a private limited company or discuss some arrangement with the investor.
- The business owner advises companies from all sectors in M&As and this will be the first venture in the hospitality sector.
Products & Services Overview
The hotel will offer comfortable stays to its patrons with the following:- Local flora and fauna like orchids, butterflies, and birds.
- Local cuisine and customs.
- Site-seeing to nearby places.
- Immersive experience in forested eastern Himalayas.
Assets Overview
The land and structure are valued at INR 3.3 crore (the amount we spent to acquire the building). The renovation budget is INR 1.7 crore for the hotel furniture, kitchen equipment, and website.
Facilities Overview
The building is G+3 with 18,000 sq. ft. of total floor area. The boutique hotel is 60 km from Bagdogra airport/NJP station, a base for nearby excursions - tourist use their own car or a hired taxi.
Capitalization Overview
- Promoter contribution and bank funding, in the ratio of 1:2 capped for a total amount of INR 5 crore, of this INR 3.3 crore has been used for acquiring this hotel.- There is immense scope for expansion too.
- This is a sole proprietorship business.
Recent Activity
-
Earlier than 15 daysRegional Head, HVAC, Kolkata, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysMember Board Of Directors, Sustainable Building And IT Telecom Products And Consulting, Chicago, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysCo-Founder, Hospitality, Pune, Individual Investor / Buyer connected with the Business
Tags:
Newly Established Bed & Breakfast Seeking Loan in Kalimpong, India
·Newly Established Boutique Hotel Seeking Loan in Kalimpong, India
·Newly Established 3 Star Hotel Seeking Loan in Kalimpong, India
·Newly Established 4 Star Hotel Seeking Loan in Kalimpong, India
·Newly Established 5 Star Hotel Seeking Loan in Kalimpong, India
·Newly Established Country Inn Seeking Loan in Kalimpong, India
·Lend to Newly Established Bed & Breakfast in Kalimpong, India
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·Newly Established Cottage Seeking Loan in Kalimpong, India
·Lend to Newly Established 3 Star Hotel in Kalimpong, India
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·Lend to Newly Established 5 Star Hotel in Kalimpong, India
·Lend to Newly Established Country Inn in Kalimpong, India
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·Newly Established Hotel Seeking Loan in Kalimpong, India
·Newly Established Motel Seeking Loan in Kalimpong, India
·Newly Established Lodge Seeking Loan in Kalimpong, India
·Newly Established Inn Seeking Loan in Kalimpong, India
·Lend to Newly Established Cottage in Kalimpong, India
·Lend to Newly Established B & B in Kalimpong, India
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