Serviced Apartment for Sale in Bangalore, India

- Company was established last year and offers fully serviced accommodation for students & working individuals.

- We have been providing quality and luxurious accommodations with an in-house gym, home theatre, study area, and separate laundry facilities.

- Have served over 100+ happy customers in the span of 1 year of the business.

- We specialize in long-term stays and the average stay duration is 1 month. The maximum stay duration is 1 year.

- Facility has 21 rooms (9 single rooms, 9 double sharing rooms, a 3 sharing room, and a 4 sharing room.

- Facility has a 90% occupancy rate.

- The company has 8 employees working in the marketing and management departments.

Long term accommodation business with:

- Deluxe single and 2 share accommodation rooms with high quality bedding and interiors.

- Standard 3 share & 4 share rooms.

- 24/7 water, electricity, and security.

Tangible Assets:

- Accommodation building property - INR 4 crores.

- TV & refrigerators in every room with WiFi.

Intangible assets:

- Registered brand name to be evaluated.

-. com &. in domain names to be evaluated.

- Overall company value based on the current turnover, to be evaluated.

- Facility is near a well known engineering college in North Bangalore. Has a total built up area of around 5,400 sqft.

- Property is owned by one promoter and has been leased to the company for administration purposes.

- There is a construction bank loan of Rs. 50,00,000/- over the property.

- There are no business loans associated with the company and all the funds required to manage the business are sufficiently generated by the business itself.

- Total number of shareholders - 2. One owns 99% and the other partner owns 1% share.