Real Estate Agency Investment Opportunity in Colombo, Sri Lanka
8 year old leading real estate business in Sri Lanka and served 300+ clients.
| Established | 5-10 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 500 thousand |
| Run Rate Sales | USD 335 thousand |
| EBITDA Margin | Nil |
| Industries | Real Estate Agencies |
| Locations | Colombo |
| Local Time | 7:06 AM Asia / Colombo |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
330 thousand
for
40.0%
stake
(Native Currency: LKR 100,000,000)
Reason: Seeking investment for business expansion by procuring more lands and expanding in to housing busine...
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Includes physical assets worth
USD
540 thousand
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Documents
Certificate of Incorporation
(226.4 KB)
Business Overview
- Leading real estate company in Sri Lanka with 8+ years of industry presence.
- Served more than 300 clients in 30+ projects.
- Our lands are based in Colombo, Gampaha, and Kalutara, the 3 main districts in the Western Province of Sri Lanka.
- We first acquire the land from the brokers, block them out, do all the legal registration processes and sell out.
- Our clients include local residents, government and private businesses and investment buyers.
- Average project size is 15 to 20 blocks and average project value is LKR 50 million.
- There has been a drop in sales compared last year because of the overall economic depression in Sri Lanka. However, the situation is comparatively more stable now and the business has started to pick up and we are expecting a steady increase in revenue in the coming year.
- Similarly, for the same reason, business is running at a break-even currently, but that is also expected to recover.
- Served more than 300 clients in 30+ projects.
- Our lands are based in Colombo, Gampaha, and Kalutara, the 3 main districts in the Western Province of Sri Lanka.
- We first acquire the land from the brokers, block them out, do all the legal registration processes and sell out.
- Our clients include local residents, government and private businesses and investment buyers.
- Average project size is 15 to 20 blocks and average project value is LKR 50 million.
- There has been a drop in sales compared last year because of the overall economic depression in Sri Lanka. However, the situation is comparatively more stable now and the business has started to pick up and we are expecting a steady increase in revenue in the coming year.
- Similarly, for the same reason, business is running at a break-even currently, but that is also expected to recover.
Products & Services Overview
Real-estate business, where we sell lands.Our clients include local residents, government and private businesses and investment buyers.
Assets Overview
Physical assets include our land stocks worth LKR 160 million and office assets such as furniture and equipment worth LKR 3 million.
Facilities Overview
The facility includes an office space of 1,000 sq ft. located in Ethul Kotte, Colombo, Sri Lanka.
Capitalization Overview
The business is funded by the owners through equity, bank loans and private funding.Having an outstanding bank loan of LKR 115 million.
There are 2 directors and 4 shareholders, with ownership of 44%/46%/5%/5%.
Recent Activity
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Earlier than 15 daysVice President, Food Service Management, Dubai, Individual Investor / Buyer connected with the Business
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