Resort for Sale in Manali, India

- Franchise resort with 52 rooms and a banquet hall conference hall, garden, gym, spa, swimming pool, activity room, health club, cafeteria, lounge, disco, and multi-cuisine restaurant.

- The firm was incorporated in the year 2013 but started commercial operations in 2019.

- We have not been operating for 120 days due to the lockdown.

- We have 78 rooms out of which 52 are operational and are made according to 4-star and franchise standard norms.

- The franchise agreement with the parent brand was acquired for INR 3 lakh. It has a validity of 12 years and can be renewed.

- According to the current agreement we are expected to pay 8% of monthly revenue as royalty to the brand.

- Running with an average occupancy rate of 25% throughout the year.

- The business has a debt of INR 12.5 crore which needs to be paid in 8 years.

- Business is operating at a breakeven.

- According to Section 118, Tenancy and Land Reforms Act, the individual property cannot be sold. However, since our property is in the company's name, the sale of the property will be done by transfer of shareholding.

- Have tie-ups with 5 OTAs who charge a commission rate of 15%.

Accommodation, restaurant, swimming, spa, gym, cafe, multi-cuisine restaurant.

Leased land, building, interior setup, brand rights, OTA contracts, furniture, and fixtures.

Leased property with a built area of 7,6361 sqft and a rental amount of INR 50,000/year. The land is leased for 99 years.