Profitable Hotel for Sale in Koramangala, India
|Employees||10 - 50|
|Legal Entity||Sole Proprietorship/Sole Trader|
|Reported Sales||USD 270 thousand|
|Run Rate Sales||USD 200 thousand|
|EBITDA Margin||40 %|
|Locations||Bangalore + 1 more|
|Local Time||6:36 AM Asia / Kolkata|
|Listed By||Business Owner / Director|
- This boutique hotel is located in a commercial and prime location in Bangalore. We have over 25 luxurious rooms.
- Prior to the pandemic, we were tied up with Fab Hotels and then with OYO. We don't plan on renewing the contract. During those times, the hotel had an occupancy rate of 80%.
- Currently, we are shut to the public. However, we are offering quarantine services to doctors and have reached an agreement with BMCRI. Hotel has a 100 percent occupancy rate but prices have been reduced by over 50%.
- Besides that, we also have a specialty restaurant (60 pax) a BBQ lounge with bar (150 pax) and a conference room. The BBQ lounge has been closed for a while due to renovations.
We offer hotel accommodation and dining services to our clients.
The entire hotel, restaurant and lounge with all the associated infrastructure.
The property has a land area of 4,000 square feet and a built up area of 20,000 square feet. The building has a basement, ground + 4 floors. It is owned by the business.
Earlier than 15 daysDirector, Investment Fund, Dubai, Individual Investor / Buyer connected with this business
Earlier than 15 daysCo-Founder, Bangalore, Financial Consultant accepted business proposal
Earlier than 15 daysConsultant, Hyderabad, Financial Consultant connected with this business