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.
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 |
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.
- 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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Earlier than 15 daysManaging Director, Facility Management, Chennai, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysProprietor, Intercity Bus Operations, Bengaluru, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysOwner, Resort, Madikeri, Individual Investor / Buyer connected with the Business
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·Student Hostel for Sale in Bangalore, India
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