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Newly Established Bed & Breakfast Seeking Loan in Kalimpong, India

Boutique resort, to be launched, promoting the unexplored flora, fauna, cuisine, customs of Eastern Himalayas.
This Business is on a 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 4:29 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 30 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... View More
Collateral Available: USD 30 thousand
Includes physical assets worth USD 480 thousand
Name, Phone, Email
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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.
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
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1 Investor contacted this Business this month. Register below to connect now!
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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