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Resort for Sale in Southern Province, Sri Lanka

For Sale: Luxurious surf and yoga boutique retreat resort in Sri Lanka with a proven record.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 700 thousand
Run Rate Sales USD 780 thousand
EBITDA Margin 40 %
Industries Resorts
Locations  Southern Province
Local Time 5:59 AM Europe / Lisbon
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 4 million (Native Currency: USD 4,000,000)
Reason: - We want to focus on developing our European business opportunities. - This business requires very... View More
Includes physical assets worth USD 1.7 million
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Business Overview
- Company based out of Portugal with a local resort and another resort in Sri Lanka. We only plan to sell Sri Lanka resort without the company name.
- 46-bed boutique yoga, surf & wellness retreat resort.
- The occupancy rate is 80-90%.
- This is a yoga-friendly retreat and is surrounded by beautiful nature in a quiet area with the seafront just metres away and swimming / surfing beaches just a few minutes walk away.
- Facility was designed and built from the ground up by us, specifically for its current use. The design, amenities and function are executed perfectly.
- We have fully equipped restaurant, kitchen, a cocktail bar with poolside open-air dining area (seats 46 seats), an amazing open-air but covered yoga shala jungle deck on the top floor, separate self-contained and fully equipped staff villa onsite for 6 staff, wellness spa area with two poolside massage rooms, reception area, an open plan furnished lounge area, large indoor dining area, housekeeping store, surfboard storage store, jungle yoga shala deck, yoga mat storage room, perfect rooftop terrace with stunning sea / sunset views, beautiful tropical garden, infinity swimming pool with dual outdoor showers, poolside lounges & beanbag areas and poolside restaurant.
- The resort is around 200m walk from the nearest swimming beach and 300m walk to the nearest popular surf beach.
- Restaurant serves both local and international cuisine for breakfast, lunch, dinner and all-day menus including coffee from professional top of the line commercial Italian espresso machine, healthy juices, beers and cocktails. Monsoon blinds also included around open areas.
- The wellness spa offers full-body, neck, foot massages, beauty treatments in the knowledge that everything is 100% natural.
- Have a beautiful Instagram worthy open-air yoga shala deck surrounded by jungle that can fit 25 persons comfortably for yoga and more for special cinema nights.
- Rooms include beautiful Italian style ceramic tiled floors, teakwood furniture, teakwood wardrobes, XL-sized electronic safes, writing desk, suite bathrooms with skylight, premium design bathroom fittings, floating toilets, organic spa products, dual curtains, electronic key-card access to each room, AC, TV with Netflix.
- Existing Staff: Upon the conclusion of the sale, the current employer will pay severance to all staff. Staff can immediately be offered a concurrent contract by new owners should they require retention.
- All existing services will be transferred to the new owner. Staff will be available to assist with the introduction of current suppliers and service providers for agreed period post-sale.
- Have multilingual staff & qualified spa technicians.
- The promoter is based in Portugal and operates the business remotely.
- Business has 5 stars on Google, 9 stars on booking. com, and has a Certificate of Excellence from TripAdvisor.
- This is a complete turnkey business includes the land, buildings, all fixtures, fittings, stock, surf transport vehicles, all sports equipment (including diverse premium surfboard range of 40 boards), kitchen equipment, cocktail bar, CCTV security camera system (6 cameras) required for the continued operation of the restaurant.
- Resort has high-end XL diesel generator that can support whole property during prolonged power cuts, two underground sump water tanks equalling to 15,000 litres, an onsite tube well which collects over 5,000 litres of groundwater per day to fill the sump tanks, CCTVs, state of the art electronic access control solution with RFID and BLE technologies.
- Will also handover existing agreements with online sales channels like TripAdvisor and other local accounts including contracts with all OTAs, travel agencies, own website booking system, channel manager (CMS) and property management program (PMS)
- The business has been running very well for almost 5 years in two separate countries. The health & wellness industry is booming and post Covid-19, its estimated that the health & wellness industry will indeed be one of the first travel segments to bounce back. We were fully booked before Covid-19 hit and we expect to be close to full capacity again in 5-6 months. This business is ready to take over with very little effort and we are at full disposal for the new owners to help manage. Our business model has been proven over the past 5 years and we can provide more detailed insight to any seriously interested parties.
Products & Services Overview
Seafront resort offering rooms, yoga classes, food, alcohol, surfing training, wellness and spa services.
Facilities Overview
Owned 30,000 sq ft property with 46 beds, yoga centre, restaurant, bar, swimming pool, wellness centre.
Capitalization Overview
Not Disclosed
Recent Activity
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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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