Need help?

Newly Established Serviced Apartment for Sale in Hikkaduwa, Sri Lanka

Partially built hotel apartment with 11 rooms, essential amenities in Hikkaduwa vibrant tourist area.

Established 0-1 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Hotels + 1 more
Locations  Hikkaduwa
Local Time 6:56 PM Asia / Colombo
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 500 thousand (Native Currency: LKR 150,000,000)
Reason: The owner couldn't complete the construction as he had to relocate outside Australia. So, seeking a ... View More
Includes physical assets worth USD 500 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview
- Premium hotel apartments located in the vibrant Narigama area of Hikkaduwa, a popular tourist destination in Sri Lanka. Currently, it is under construction.
- Situated at an 18-minute walk from Narigama Beach, providing easy access to one of the area's main attractions.
- Features 11 comfortably furnished bedrooms suitable for tourists and travellers, enhancing the hospitality experience.
- Offers essential amenities including free WiFi, air conditioning, private bathrooms, and garden views from private balconies.
- Hotel facilities include a restaurant, bar, room service, and 24-hour front desk support, ensuring guest convenience and satisfaction.
- Currently, 2 floors of the planned 4-floor establishment are completed, with only 10% of construction activities finalized.
- Future construction plans include an open show kitchen, an open bar and a swimming pool, aimed at delivering a unique dining experience for guests.
- The property accommodates guests with both three-bedroom and two-bedroom apartment configurations, ideal for families or groups.
Products & Services Overview
Premium hotel apartments offering 11 furnished bedrooms with private balconies, garden views, free WiFi, air conditioning, and private bathrooms.
Services: Restaurant, bar, room service, 24-hour front desk, and future amenities like an open show kitchen, open bar, and swimming pool.
Target clients: Tourists, travellers, families, and groups visiting the Hikkaduwa area, particularly those seeking premium lodging close to Narigama Beach.
Assets Overview
Physical assets include land & property which is about 70-80% and the rest is furniture, fixtures and electrical installations.
Facilities Overview
Own facility of 45 perches located in Narigama, Hikkaduwa.
Capitalization Overview
Self-funded.
No loans or liabilities.
There is 1 owner, holding 100% shares in 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
1 Buyer already contacted this Business. 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