Newly Established Serviced Apartment Seeking Loan in Lucknow, India

Budget accommodation for backpacking travelers around the world, seeks funding to covert it into a dormitory.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 8 thousand
EBITDA Margin
40 %
Industries
Locations
Local Time
10:48 AM Lucknow
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Loan
USD 8 thousand for 15.0% annual interest, 1.0 years (Native Currency: INR 600,000)
Reason: To convert into a dormitory and increase the beds, make an aesthetically pleasing reception desk and... View More
Collateral Available: USD 0
Includes physical assets worth USD 130 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
PAN card
Business Overview

It's a budget hostel & accommodation facility that we provide for backpacking travelers. Have hosted more than 300 guests from 20+ countries. Business is operational since 2018. We converted our company to an LLP in 2019. Listed on Booking. com and Agoda. com. The brand is well recognized and appreciated by the travelers with good reviews and ratings across OTAs.

The facility currently has 3 rooms which accommodates 5 guests at once. Post funding, we plan convert the hostel to a dormitory and increase the capacity to 15 beds.

Products & Services Overview

Accommodation, laundry, sightseeing, cafe, wifi itineraries power back up.

Facilities Overview
Recent Activity
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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.
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