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Rented Commercial Property for Sale in Bangalore, India

For Sale: Cashflow positive and highly rated company managing residences and co-living spaces in Bangalore.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 340 thousand
Run Rate Sales USD 160 thousand
EBITDA Margin 10 - 20 %
Industries Serviced Apartments + 1 more
Locations  Bangalore
Local Time 4:28 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 200 thousand (Native Currency: INR 15,000,000)
Reason: Looking to sell the business as the co-founder and CEO needs to relocate from Bangalore to Delhi due... View More
Includes physical assets worth USD 130 thousand
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Business Overview

- Company manages and rents out residential and co-working spaces.

- It has 300+ beds in Bangalore and was operating at 99%+ occupancy for ~5 years pre-Covid.

- The properties are acquired on either lease or revenue sharing basis from the landlords.

- Company earns its revenue through rental arbitrage and is cash flow positive even in Covid and lockdown times.

- The tenants (our customers) pay us rent and we manage the facility end to end.

- We are rated 5/5 on customer satisfaction, which is the best in India.

- Have strong customer and landlord relationships.

- We utilize all channels of advertising like online, offline, and affiliate marketing.

- Have occasionally had 100% organic social media campaigns which required no expenditure on social media ads.

- Sales have reduced as the main clientele of white-collar migrants have temporarily moved out of Bangalore.

- We are a Proptech company that was selected in both Microsoft Bizspark and Facebook Start.

Products & Services Overview

We manage homes for young professionals - have overall 300+ beds across 10 locations in Bangalore, and manage a 100+ seat co-working space in CBD, Bangalore.

Assets Overview

Furniture worth INR 22.5 lakh (after 50% depreciation), and cash deposits worth INR 71 lakh.

Facilities Overview

The office has been vacated and all employees are working remotely.

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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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