↩ Go Back
Need help?

Serviced Apartment for Sale in Delhi, India

Hostel chain business venturing into providing standard to high premium alternate accommodation options in India.
This transaction has concluded.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 100 thousand
Run Rate Sales Nil
EBITDA Margin Nil
Industries Serviced Apartments
Locations  Delhi
Local Time 9:07 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 50 thousand (Native Currency: INR 4,000,000)
Reason: The partnership is being dissolved.
Includes physical assets worth USD 24 thousand
Interested to connect with advisors
Documents
Business Overview

- We desire to construct cottages, tree houses, or eco-resorts in India.

- Market survey proves that more than 58% of travelers choose alternate accommodation instead of hotels as of last year.

- Successfully running two backpackers hostel in Delhi and Udaipur right now. Delhi hostel accommodates up to 28 people and Udaipur hostel accommodates up to 42 people.

- We have hosted more than 2,000+ guests last year.

- Our properties are listed on travel websites and we have an 8.8/10 rating on Booking. com and 4.5/5 rating in TripAdvisor.

- We were maintaining an average occupancy rate of around 70% before the lockdown. Due to restrictions, our occupancy rate dropped to 25% in March-June. We temporarily stopped operations due to lockdown and have just resumed operations.

- Four more properties are currently underway and we will start operations in 2 months. We have options for constructing properties in Himachal Pradesh and Uttarakhand. Furthermore, the promoters are planning to onboard at least 50 more properties around India, Thailand, and Vietnam by the next fiscal year.

Products & Services Overview

Travel chain targeting the alternate accommodation market i. e. homestays, vacation rental apartments, treehouses, luxury camps, caravans, beach huts, and houseboats.

Assets Overview

Furniture, plants, TV, fixtures and other equipment.

Facilities Overview

Rented two properties located in Delhi (6 rooms) and Udaipur (12 rooms). We pay a total rent of INR 2 lakh.

Capitalization Overview
Not Disclosed
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.
This transaction has concluded. View similar business opportunities on SMERGERS
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.

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