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Residential Real Estate Construction Company for Sale in Colombo, Sri Lanka

For Sale: Residential/Commercial real estate in the heart of Colombo, Sri Lanka.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees < 2
Legal Entity Private Limited Company
Reported Sales USD 3 million
Run Rate Sales Nil
EBITDA Margin Nil
Industries Residential Real Estate Construction
Locations  Colombo
Local Time 4:52 PM Asia / Colombo
Listed By Advisor / Business Broker
Status Active
Overall Rating
Full Sale
Asking Price: USD 13 million (Native Currency: LKR 4,000,000,000)
Reason: The owners are looking to exit this project. - We are advisors representing the client on the platf... View More
Includes physical assets worth USD 13 million
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Business Overview

- 7-story structure of residential and commercial space built on 128 perches of land.

- The building can be used for residential (apartments) or commercial purposes.

- 100% of the foundation work is complete.

- The buyer gets the entire project along with 128 perches of land.

- The project is being constructed by an established real estate company.

- The company has received The Institute for Construction Training and Development awards for 3 years continuously.

- Have completed 10 projects to date.

- The promoter has more than 15 years of experience in this industry.

Products & Services Overview

- The company is involved in commercial real estate construction, property consultancy, and marketing.

- Assets of the 128 perch land.

Assets Overview

- Asset of land in Colombo.

- 7-story structure to be used for residential or commercial space, to be completed.

- Free hold ownership.

Facilities Overview

7-story structure of residential and commercial space built on 128 perch land.

Capitalization Overview

- The project is currently on hold.

- The project is funded through a bank loan and the sale of units.

- Project was planned including 136 apartment units.

- Project land is owned by the developer, but it is mortgaged with the bank (i. e used as collateral for the loan), the land will be transferred to the buyer and we can discuss clearing the loans at a later stage.

- The company constructing this project has 8 directors with major shares held by 2 directors.

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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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