Newly Established Serviced Apartment for Sale in Lucknow, India
Prime Lucknow boys’ PG with 14 bed capacity, ideal for students, expansion-ready, approvals in place.
| Established | 0-1 year(s) |
| Employees | < 2 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | Nil |
| Run Rate Sales | USD 4.8 thousand |
| EBITDA Margin | 40 % |
| Industries | Serviced Apartments |
| Locations | Lucknow |
| Local Time | 2:57 PM Asia / Kolkata |
| Listed By | Management Member |
| Status | Active |
Full Sale
Asking Price:
USD
112 thousand
(Native Currency: INR 9,900,000)
Reason: - We want to establish business in another sector and need funds for that.
- We are completely open...
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Includes physical assets worth
USD
112 thousand
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Electricity Bill
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Business Overview
- Property functioning as a boys’ PG in a prime, peaceful location in Lucknow.
- Currently operating with 7 beds; capacity can be increased to 14 beds using the full property.
- Total plot area: 1,800 sq. ft. with 4 bedrooms, 2 halls, 2 kitchens, 2 stores, and 2 courtyards.
- Facilities include ceiling fans, submersible water motor, and separate electricity connection with bills paid regularly.
- Located just 200 meters from a well-known law college, making it ideal for student accommodation.
- We also have 3 more colleges within a 2km radius of our building.
- Road frontage: 25 feet, quiet area with low pollution; locality equipped with all basic amenities.
- Expansion scope: Up to 3 floors allowed for construction.
- No official business registrations; currently operated under local electricity board approval.
- The business is operating under domestic tariff right now because the business saw lot of customers without any advertisement and the building owner just started operating the business with a domestic electricity tariff.
- The domestic rate per unit in Lucknow ranges between INR 5.5-7 while that for commercial is INR 7-8.5 per unit.
- Currently operating with 7 beds; capacity can be increased to 14 beds using the full property.
- Total plot area: 1,800 sq. ft. with 4 bedrooms, 2 halls, 2 kitchens, 2 stores, and 2 courtyards.
- Facilities include ceiling fans, submersible water motor, and separate electricity connection with bills paid regularly.
- Located just 200 meters from a well-known law college, making it ideal for student accommodation.
- We also have 3 more colleges within a 2km radius of our building.
- Road frontage: 25 feet, quiet area with low pollution; locality equipped with all basic amenities.
- Expansion scope: Up to 3 floors allowed for construction.
- No official business registrations; currently operated under local electricity board approval.
- The business is operating under domestic tariff right now because the business saw lot of customers without any advertisement and the building owner just started operating the business with a domestic electricity tariff.
- The domestic rate per unit in Lucknow ranges between INR 5.5-7 while that for commercial is INR 7-8.5 per unit.
Products & Services Overview
- Boys’ PG accommodation for students, particularly those studying at nearby institutions.- Ideal for long-term student tenants seeking affordable housing close to educational hubs.
Assets Overview
The tangible assets consist of a land plot of 1,600 sq. ft. and building with a total constructed area of 2,000 sq. ft.Other assets include wardrobe, lights, a fan, a bed, a submersible water motor, electricity, and free parking. The land and building's total value is approximately INR 1.2 crore, but due to the urgency of starting another business, the owners have decided to sell it at a discounted price of INR 99 lakh.
Facilities Overview
The business operates from a self-owned facility.- It is a prime location property with 1,600 sq. ft on paper, featuring 2,000 sqft of constructed area.
- The construction includes 2 halls, 4 bedrooms, and 2 kitchens.
- There are 2 separate east-facing homes, each equipped with its own electricity connection and water boring.
Capitalization Overview
The business is owned by 2 partners under the same family.There are no debts in the business.
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