↩ Go Back
Need help?

Resort for Sale in Kalpitiya, Sri Lanka

For Sale: Brand new non-operational boutique resort with 11 well-appointed rooms and kite surfing centre.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Resorts
Locations  Kalpitiya
Local Time 3:45 PM America / New York
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 999 thousand (Native Currency: USD 999,000)
Reason: Due to personal life matters.
Includes physical assets worth USD 700 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview

- Beautiful resort that has paused operations due to Covid.

- The property has been conceived with multiple revenue channels:

- Accommodations: 4 garden cabanas, 6 beach cabanas & one beach villa.

- F&B: bar, restaurant, top deck, and room service.

- Events: weddings, music festivals, and retreats.

- Activities: water sports, kite surfing, yoga, meditation, fishing, Vella island camping, dolphin, and whale watching.

A. Location highlights:

- Located in a prime location: the NW coast of Sri Lanka.

- The only hotel with direct kite surfing access.

- 3-hour drive from CMB airport.

- 30 minutes boat journey to Wilpattu National park.

- 15 minutes boat journey to Vella island.

B. Bespoke Design:

- Hand-picked colonial doors and windows.

- Custom bed frames.

- Imported antique lights.

- Speciality materials: Coconut wood, and clay tiles.

- Fully equipped imported kitchen.

- Open roof reception.

- Yoga deck, small shop, and massage area.

C. CAD and technical drawings are available for the new buyer.

D. Management company already identified to restart the operations.

E. Have 7 high season months (May-Sep and Nov–Jan)

F. The property is debt-free.

G. We are a BOI company (board of investors) with many investors and the master plan is approved by the BOI.

H. One of the promoters who listed the business is in the US now.

Products & Services Overview

Resort with:

Reception.

Yoga & spa.

Kitchen, bar & restaurant.

Garage building.

Office building.

Kite surfing centre.

Pool & common area.

Garden cabanas.

Beach cabanas.

Villa.

Assets Overview

Land, building, all furniture and appliances, interiors, two 10,000-liter tanks filled via water browser delivery, septic tanks: 1 x 3 cubic meter underground concrete tank (additional development plans for future expansion), electrical supply: CEB 3 phase, 46Amp, on-site generator: 26 to 32 KVA.

Facilities Overview

Owned 1.5 acre land with villas, cabanas, restaurant, office, pool, and garden.

Capitalization Overview
Not Disclosed
Recent Activity
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business

10 Buyers viewed this Business this month.
Register below to connect now!

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.
You might also be interested in these businesses

    Frequently
    Asked
    Questions

    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more