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Profitable Hotel Seeking Loan in Fuvahmulah, Maldives

Hospitality business operating hotel, restaurant, and diving center seeks funds to start a new hotel.

Established 1-5 year(s)
Employees 50 - 100
Legal Entity Private Limited Company
Reported Sales USD 900 thousand
Run Rate Sales USD 900 thousand
EBITDA Margin 40 %
Industries Hotels + 1 more
Locations  Fuvahmulah
Local Time 5:54 PM Indian / Maldives
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 2.6 million for 10.0% annual interest, 10 years (Native Currency: MVR 40,000,000)
Reason: The funds will be used to build a new hotel and dive school.
Collateral Available: USD 2.6 million
Includes physical assets worth USD 1.3 million
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Business Overview

- Business that runs a hotel, restaurant and has tour and diving services.

- The operational hotel has 15 rooms and is overbooked during in season and has an occupancy rate of 40%-50% off-season.

- The restaurant has a seating capacity of 80 pax and is available on online delivery aggregators. It is a lake view restaurant. Receive 30-35 orders daily.

- Business is looking for funds to start a new hotel and diving facility.

- The land is already acquired for the new hotel but the design is yet to be completed. It will be a luxury hotel with 20 rooms, a swimming pool, and a sky view restaurant.

- Business only has 1 owner and is debt-free.

Products & Services Overview

Business running a hotel, restaurant, cafe, diving, and tour facility. The hotel has a bar and a swimming pool.

Assets Overview

Land measuring 13,000 sq. ft. , hotel and restaurant buildings, vehicles, bikes, vessels, kitchen equipment, furniture and fixtures, and all interior infrastructure. The business owner will provide some personal assets as collateral.

Facilities Overview

The business owns 3 properties measuring 3,400 sq. ft. 6,000 sq. ft, and 3,600 sq. ft. The restaurant, hotel, and diving operations are operated from these places.

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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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