↩ Go Back
Need help?

Newly Established Guest House Seeking Loan in Addu City, Maldives

Startup business in the Maldives looking for a possible partnership to build a hotel.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 90 thousand
Run Rate Sales USD 90 thousand
EBITDA Margin Nil
Industries Hotels + 1 more
Locations  Addu City
Local Time 7:02 PM Asia / Karachi
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 560 thousand for 15.0% annual interest, 10 years (Native Currency: MVR 8,630,000)
Reason: Seeking funds to construct the hotel or guesthouse or in health sector.
Collateral Available: USD 560 thousand
Includes physical assets worth USD 200 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Land Plot - Sketch
Proposal
Proposal
Business Overview

- The land proposed to be used to construct the hotel or guesthouse is located in a prime area in the south region of Male.

- A startup company right now is engaged in renting accommodations.

- Seeking funds for a tourism startup business in the Maldives that provides combo hotel packages, transfers, activities etc.

Products & Services Overview

- Company looking to build a small hotel or guesthouse in V. Thinadhoo or Addu City. Seeking a possible collaboration, either a joint venture or any sort of profit sharing method.

- The proposed location is 63 miles (100km) from the airport, and it takes about 1.5 hours by speedboat. Seaplane transfers are also available.

- This remote island is a popular destination due to several factors such as access to various activities like water sports, diving, snorkeling, shark feeding, island hopping, excursions, night fishing etc.

- The island is inhabited, yet the beaches around the island are accessible to the guests at any time of the day.

Assets Overview

- Tangible: assets include 4,000 sqft of land.

- Intangible: expertise in construction, vast knowledge, and understanding of operational affairs.

Facilities Overview

- Own 4,000 sqft and 2,000 sqft land plot, 3-10 story building, including other facilities. It is located in the south of the Maldives.

- Total plot area 2,000 sqft / 185.8 m2.

- Proposed build-up area 164.01 m2, 3 storey building.

- Proposed open area 21.74 m2.

- 12-room hotel/guest house, including facilities such as restaurant, library, laundry, attached bathroom, balcony, water sports & diving resources, etc.

Capitalization Overview

- Presently business is funded through personal funds.

- The company has 1 owner and has no debts or liabilities.

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

9 Investors viewed 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.
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