Business Overview
- We have a business of service apartments in Bangalore consisting of eight fully furnished flats in a standalone building near Bannerghatta Road, Bangalore.
- The property is newly constructed and has piped gas facility for all flats and an internal parking area on the ground floor.
- The business is managed by an MBA Alumni and is nearly always fully occupied with occupancy rates nearing 100%.
- Currently, the services are provided on monthly basis stays like a homestay. But has immense potential on a nightly basis too.
- The new owner can also add other streams of clientele flow by providing services for working professionals as a hostel/ paying guest facility and generate more than the current revenue. Thus there is a lot of potential present for scaling up the business.
- The business has one owner with a 100% stake in the company.
- Company does not have any outstanding liabilities.
Products & Services Overview
Serviced apartment business in the center of south Bangalore catering to various clients on a monthly basis.
Assets Overview
Physical assets include all furniture, fittings, LED- TV, geysers, washing machine, internet routers, geysers, land, and building. A full list of inventory and assets with more details can be shared with an interested buyer.
Intangible assets include the property title.
Full Sale
Asking Price:
USD
280 thousand
(Native Currency: INR 25,000,000)
Reason:
The owner is moving out of the country. The business is valued on the basis of physical asset value....
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Includes physical assets worth
USD
245 thousand
Interested to connect with advisors
In talks with 3 Investors