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Profitable Hotel for Sale in Unawatuna, Sri Lanka

Well established & profitable beach front hotel located on the southern Sri Lankan coastline.
This transaction has concluded.
This Business is on a Premium Plan
Established 20-30 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 90 - 100 thousand
Run Rate Sales USD 100 thousand
EBITDA Margin 30 - 40 %
Industries Hotels
Locations  Unawatuna
Local Time 9:27 PM Asia / Colombo
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 800 thousand (Native Currency: LKR 250,000,000)
Reason: Promoters intend to retire due to old age.
Includes physical assets worth USD 800 thousand
Interested to connect with advisors
Documents
Business Overview

- High-end beach front hotel on the Mihiripenna / Dalawella beach in Talpe, one of the most expensive property area at the south coast.

- The property has a luscious tropical garden with 4 one-bedroom ensuite cabanas facing the ocean and 2 buildings with 5 apartments of 1 and 2 ensuite bedrooms and balconies.

- In the center of the property there is an open bar directly facing the restaurant area.

- The restaurant has a fully equipped kitchen and a terrace dining area with a spectacular view.

- The hotel is one of a kind and has one of the few liquor / bar licenses available in the Southern Province.

- The hotel can accommodate 20 guests and has an average occupancy rate of 70%

- All rooms in the hotel are air-conditioned and equipped with TV, telephone lines and WiFi.

- The hotel has a 9.3 rating on booking. com, and is ranked in the top 5 spots among 220+ similar properties on Tripadvisor.

- Strong reputation built over the last years 25 years and has been owned and managed by the same German promoter team since inception.

- The hotel is 5 km south of Galle, 2 km south of Unawatuna, 100 km south of Colombo City.

- The property spans across 74 perch (1,850 sq. m. ), is freehold title and has a clear deed with all approvals in place including the Tourist Board approval.

- The physical assets owned by the business include land, construction, inventory, and hospitality and kitchen equipment.

- The acquirer will get the running business and all its assets including its website and online accounts.

Products & Services Overview

Beach bungalows and apartments, garden and beach restaurant and bar. We host activities like swimming, snorkeling, and scuba diving.

Facilities Overview

> Total owned land area of 74 perches = 1,850 sqm. = 19,913 sqft.

> Total building area: 844 sqm. = 9087 sqft.

> Tenure: Freehold.

> Nearest Town: Galle (5 km)

> Nearest Expressway Exit: Pinnaduwa (10 km)

> Nearest Airport: Colombo (CMB) (153)

> Beach House A.

- Ground Floor, 1 apartment with kitchen and attached bathroom and terrace aprx. 120 sqm.

- First Floor, 2 apartments with attached bathroom and terrace aprx. 60 sqm. each.

- Street Side, First Floor, Small staff house for max. 2 people with attached bathroom, aprx. 20 sqm.

- First Floor, Liquor Storage Room, aprx. 2.5 sqm.

- First Floor, Storage Room (Fridges, Deep Freezer, Beverages etc. ) aprx. 8 sqm.

- Water Tower and underground water storage, total capacity around 12,000 liters.

Beach House B:

- Ground Floor, office and reception, aprx. 25 sqm.

- Ground Floor, fully equipped kitchen, aprx. 40 sqm.

- Ground Floor, garden restaurant with bar, aprx. 90 sqm.

- First Floor, 1 apartment with attached bathroom, aprx. 25 sqm.

- First Floor, 1 apartment with attached bathroom, aprx. 40 sqm.

- First Floor, family apartments with two rooms, attached bathroom, and terrace, aprx. 60 sqm.

- Street Side, Ground Floor, 3 toilets and handwash area aprx. 25 sqm.

- Street Side, First Floor, Staff Room with attached bathroom, for max. 4 people, aprx. 25 sqm.

> Garden Area.

- 2 Garden cabanas with attached bathroom and terrace, aprx. 50 sqm.

- Open beach restaurant, aprx. 45 sqm.

Capitalization Overview
Not Disclosed
Recent Activity
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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.

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