Rented Commercial Property for Sale in Varanasi, India
For Sale: Prime-location boutique hotel in Varanasi-Cantonment with high occupancy and leased for steady income.
Premium Plan
| Established | 10-20 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 49 thousand |
| Run Rate Sales | USD 49 thousand |
| EBITDA Margin | 40 % |
| Industries | Hotels + 1 more |
| Locations | Varanasi |
| Local Time | 2:54 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
930 thousand
(Native Currency: INR 79,900,000)
Reason: The owner has shifted abroad.
Includes physical assets worth
USD
930 thousand
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Business Overview
1. Prime Location: The boutique hotel is strategically located in Varanasi Cantonment, which is a bustling hotel district with high foot traffic, offering a lucrative business opportunity.
2. Renovated rooms: The property boasts 12 fully operational rooms that have been recently upgraded to provide modern comfort, appealing to discerning guests.
3. Rooftop restaurant: the hotel features a spacious 1,200 sq ft rooftop area with a kitchen and storage space, offering an ideal setting for a dining establishment to complement the hotel's offerings.
4. Conference facility: the property includes a versatile hall capable of accommodating 20-25 guests, making it suitable for hosting meetings, events, and small conferences.
5. High occupancy rate: the hotel enjoys a commendable average occupancy rate of over 75% annually, indicating a strong demand for its services and a positive revenue potential.
6. Lease agreement: The hotel has been leased to a third party for operations for 5 years, two years ago, with a monthly rent of INR 3.5 lakh, presenting a steady income stream for potential investors.
7. GST Certification: The business is registered with GST Certification.
8. The promoter is currently residing in the USA.
2. Renovated rooms: The property boasts 12 fully operational rooms that have been recently upgraded to provide modern comfort, appealing to discerning guests.
3. Rooftop restaurant: the hotel features a spacious 1,200 sq ft rooftop area with a kitchen and storage space, offering an ideal setting for a dining establishment to complement the hotel's offerings.
4. Conference facility: the property includes a versatile hall capable of accommodating 20-25 guests, making it suitable for hosting meetings, events, and small conferences.
5. High occupancy rate: the hotel enjoys a commendable average occupancy rate of over 75% annually, indicating a strong demand for its services and a positive revenue potential.
6. Lease agreement: The hotel has been leased to a third party for operations for 5 years, two years ago, with a monthly rent of INR 3.5 lakh, presenting a steady income stream for potential investors.
7. GST Certification: The business is registered with GST Certification.
8. The promoter is currently residing in the USA.
Products & Services Overview
We are a boutique hotel with an elegant design offering accommodations to anyone in need of our service.
Assets Overview
Tangible assets:- Land worth INR 4.125 crore.
- Building, furniture, all fixtures and fittings worth INR 3.865 crore.
Facilities Overview
Land: 1,650 sq ft.Built-up area - 5,000 sq ft.
Location - posh location in Varanasi, Uttar Pradesh.
Has 12 rooms for accommodation, a rooftop restaurant and a conference hall.
Capitalization Overview
Has no loans/debts and is a sole proprietorship.
Recent Activity
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Earlier than 15 daysManaging Director, Delhi, Business Broker connected with the Business
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Earlier than 15 daysDirector, Food & Beverage, Noida, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysFounder, IT Solutions, Varanasi, Individual Investor / Buyer connected with the Business
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