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Serviced Apartment for Sale in Bangalore, India

Service apartment with 8 flats in a strategic location of Bangalore is for full sale.
This transaction has concluded.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 17.4 thousand
Run Rate Sales USD 21 thousand
EBITDA Margin 40 %
Industries Serviced Apartments
Locations  Bengaluru
Local Time 8:28 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 290 thousand (Native Currency: INR 25,000,000)
Reason: The owner is moving out of the country. The business is valued on the basis of physical asset value.... View More
Includes physical assets worth USD 255 thousand
Interested to connect with advisors
Business Overview
- We have a business of service apartments in Bangalore consisting of eight fully furnished flats in a standalone building near Bannerghatta Road, Bangalore.
- The property is newly constructed and has piped gas facility for all flats and an internal parking area on the ground floor.
- The business is managed by an MBA Alumni and is nearly always fully occupied with occupancy rates nearing 100%.
- Currently, the services are provided on monthly basis stays like a homestay. But has immense potential on a nightly basis too.
- The new owner can also add other streams of clientele flow by providing services for working professionals as a hostel/ paying guest facility and generate more than the current revenue. Thus there is a lot of potential present for scaling up the business.
- The business has one owner with a 100% stake in the company.
- Company does not have any outstanding liabilities.
Products & Services Overview
Serviced apartment business in the center of south Bangalore catering to various clients on a monthly basis.
Assets Overview
Physical assets include all furniture, fittings, LED- TV, geysers, washing machine, internet routers, geysers, land, and building. A full list of inventory and assets with more details can be shared with an interested buyer.
Intangible assets include the property title.
Facilities Overview
The built-up area is approx 5,000 sq ft. The building has the ground, first, second and third floor, and a terrace. With a total of 8 flats as an inventory. The building can be renovated and additional floors can also be added to create more space for the business.
Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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