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Profitable Serviced Apartment Investment Opportunity in Male, Maldives

Serviced apartments with 30 apartments and 100% occupancy, expanding into tourist guesthouses near the airport.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 300 - 400 thousand
Run Rate Sales USD 380 thousand
EBITDA Margin 30 - 40 %
Industries Serviced Apartments
Locations  Male
Local Time 8:52 PM Indian / Maldives
Listed By Business Owner / Director
Status Recently Active
Overall Rating
Partial Stake Sale
USD 650 thousand for 50.0% stake (Native Currency: MVR 10,000,000)
Reason: The investor will get a stake in the entire company. Until now, our services have primarily catered... View More
Includes physical assets worth USD 1.3 million
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Business Overview
- Operates monthly-rental serviced apartments for local residents across 4 properties in Male city and nearby islands.
- Offers both 1-room and 3-room apartments; all units are fully occupied with tenants staying on average for 2 years.
- Earns through fixed monthly rent; no online travel agency dependence or marketing spend due to stable local demand.
- Properties also house a general retail outlet and bookstore, generating an additional monthly rental income of MVR 60,000.
- We are registered as a private limited entity and have floor-wise construction approval & building permits.
Products & Services Overview
Long-term monthly rental apartments for locals in Male city; stable demand with zero vacancy. The average duration of the rental agreement is 2 years.
Assets Overview
Tangible Assets:
- Buildings (MVR 30 million). The buildings have been built by us, and we own them although the land is on a lease. The total value of our physical assets stands at MVR 30 million, while the business is currently valued at MVR 20 million. We are offering equity at this lower valuation to make it more attractive to the investors.
Intangible Assets:
- Long-term lease agreements with landowners, valid for 19 more years.
- Private limited entity and floor-wise construction approval & building permits.
Facilities Overview
We have 4 properties in Male City and the islands. Total built-up area of 18,000 sq ft with 30-room capacity across all properties. We have leased the land from the owner without any monetary payment. In return, we constructed the building and retained 4 out of the total 7 floors for ourselves, while allotting 3 floors to the landowner. The land lease is valid for 19 more years.
Capitalization Overview
The company has been fully financed through internal accruals, including our personal savings and profits generated from our existing business operations. We have not relied on any external loans or investors, ensuring complete ownership and financial independence throughout the development.
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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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