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Resort for Sale in Manali, India

Reputed franchise resort in Manali, Himachal Pardesh with 5-star amenities, 78 rooms, and a 25% occupancy rate.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 180 thousand
Run Rate Sales Nil
EBITDA Margin Nil
Industries Resorts
Locations  Manali
Local Time 12:01 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 5.5 million (Native Currency: INR 425,000,000)
Reason: Seeking retirement from this business. The buyer has to pay INR 30 crores to the seller and the rema... View More
Includes physical assets worth USD 4 million
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GST Certificate
Business Overview

- 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%.

Products & Services Overview

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

Assets Overview

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

Facilities Overview

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.

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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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