Resort for Sale in Chikmagalur, India
Resort with 16 rooms and other facilities such as restaurant, swimming pool and coffee shop.
This transaction has concluded.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 2 - 3 thousand |
| Run Rate Sales | USD 84 thousand |
| EBITDA Margin | 10 % |
| Industries | Resorts |
| Locations | Chikmagalur |
| Local Time | 6:28 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
580 thousand
(Native Currency: INR 50,000,000)
Reason: Funds will be used to start / develop new resorts.
Includes physical assets worth
USD
580 thousand
Interested to connect with advisors
Documents
Resort License
(1.1 MB)
NOC Certificate
(549.8 KB)
RERA Registration Certificate
(1.0 MB)
Town Planning Letter
(1.0 MB)
RTC
(374.5 KB)
Business Overview
- Resort in Chikmagalur which is a tourist destination that is 250 Km away from Bangalore.
- Regional / rural tourism has always had an uptrend market and there is huge potential to grow.
- Chikmagalur is also known for its coffee and is one of the most popular hill stations in the area.
- The resort has around 8 villas with 2 rooms in each villa and other facilities like restaurant, swimming pool and coffee shop.
- Our occupancy rate is around 35% but we have mostly operated during Covid. Once the situation subsides we expect to see a large increase in our occupancy rate.
- Plan to develop the resort further by completing the car park and staff accommodation. We also plan to expand the number of villas to 20.
- Promoter has been working in the hospitality industry since 1985.
- Last year the hotel was new without much marketing and the number of rooms was less which is why the revenue is less.
- Have a web domain which has not been developed yet.
- Regional / rural tourism has always had an uptrend market and there is huge potential to grow.
- Chikmagalur is also known for its coffee and is one of the most popular hill stations in the area.
- The resort has around 8 villas with 2 rooms in each villa and other facilities like restaurant, swimming pool and coffee shop.
- Our occupancy rate is around 35% but we have mostly operated during Covid. Once the situation subsides we expect to see a large increase in our occupancy rate.
- Plan to develop the resort further by completing the car park and staff accommodation. We also plan to expand the number of villas to 20.
- Promoter has been working in the hospitality industry since 1985.
- Last year the hotel was new without much marketing and the number of rooms was less which is why the revenue is less.
- Have a web domain which has not been developed yet.
Products & Services Overview
Resort has 16 rooms with restaurant, multi cuisine kitchen, swimming pool, out and indoor activities.
Assets Overview
4 acres land (2 acres commercial converted and 2 acres coffee land), 8 villas (2 rooms in each villa with a total of 16 rooms), restaurant, reception, kitchen and equipment, coffee shop and swimming pool.
Facilities Overview
Owned land of 4 acres with 16 rooms. Each room is about 260 sq. ft.
Capitalization Overview
Not Disclosed
Recent Activity
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Earlier than 15 daysPartner, IT, Security And Hospitality, USA, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysVice President, Hotels And Resort, Mumbai, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysFounder, Health & Fitness, Pune, Corporate Investor / Buyer connected with the Business
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