Need help?

Newly Established Guest House for Sale in Varanasi, India

Homestay with 12 rooms and a banquet hall near River Ganga for sale.

Established 0-1 year(s)
Employees 5 - 10
Legal Entity General Partnership
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Guest Houses
Locations  Varanasi
Local Time 2:37 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 2 million (Native Currency: INR 150,000,000)
Reason: The current owners are unable to manage the property and as there have been no operations, it is cos... View More
Includes physical assets worth USD 2 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview

- Heritage hostel located near River Ganga in Varanasi.

- The business has not been operation for 1.5 years due to the pandemic although a few guests have been catered to at the early stage of operations.

- The homestay was previously the heritage site where a famous poet resided.

- The homestay has 12 bedrooms and 1 banquet hall measuring 600 sq. ft.

- It is fully furnished and recently refurbished. The property was originally built in 1800.

- It is within 2-3 km of all famous landmarks in Varanasi and is accessible by vehicles.

Products & Services Overview

Heritage property turned into a homestay with 12 rooms and a banquet hall.

Assets Overview

The buyer would get the land, building, ACs, and all the attachments.

Facilities Overview

Property is spread over 4,000 sq. ft. area with a total constructed area of over 10,000 sq. ft. spread on 3 stories with terrace garden and rooftop garden. The land is owned by the business.

Recent Activity
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
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.
You might also be interested in these businesses

    Frequently
    Asked
    Questions

    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more