Resort for Sale in Manali, India
Established | 10-20 year(s) |
Employees | 10 - 50 |
Legal Entity | Private Limited Company |
Reported Sales | INR 1.4 crore |
Run Rate Sales | Nil |
EBITDA Margin | Nil |
Industries | Resorts |
Locations | Manali |
Local Time | 1:12 PM Asia / Kolkata |
Listed By | Business Owner / Director |
Status | Moderately Active |
- 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%.
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Earlier than 15 daysDirector, Healthcare, Delhi, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysFounder, Office Space, Delhi, Corporate Investor / Buyer connected with the Business