Serviced Apartment for Sale in Chennai, India
18 room serviced apartment business on leased property hosting international travelers, medical tourists, and wedding guests.
This transaction has concluded.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 158 thousand |
| Run Rate Sales | USD 183 thousand |
| EBITDA Margin | 32 % |
| Industries | Serviced Apartments |
| Locations | Chennai |
| Local Time | 6:33 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
290 thousand
(Native Currency: INR 25,000,000)
Reason: Owners wants to concentrate on other business.
Includes physical assets worth
USD
64 thousand
Documents
Business Overview
- We are a hospitality solution providers to travelers seeking an alternative to typical hotel accommodation on real time basis through our website.
- Our apartment is located in Gandhi Nagar, Adyar which is 11 km far from Chennai International Airport, 4 km from East Coast Road, 7 km from Phoenix mall, 5 km from Guindy.
- It has 4 floors with 2 flats on each floor. Each flat has 3 bedrooms.
- Flats have spacious living & dining areas, comes with fully equipped kitchen and have home entertainment system.
- Around 8-10 bookings take place on a daily basis.
- Occupancy rate was 64% last year and this year it is 70%.
- Have 5 star rating on Facebook, 4.5 star rating on TripAdvsior & 4.5 star rating on Justdial.
- Physical asset includes kitchen equipment, ACs, bedroom & bathroom linens, TVs, routers.
- Our apartment is located in Gandhi Nagar, Adyar which is 11 km far from Chennai International Airport, 4 km from East Coast Road, 7 km from Phoenix mall, 5 km from Guindy.
- It has 4 floors with 2 flats on each floor. Each flat has 3 bedrooms.
- Flats have spacious living & dining areas, comes with fully equipped kitchen and have home entertainment system.
- Around 8-10 bookings take place on a daily basis.
- Occupancy rate was 64% last year and this year it is 70%.
- Have 5 star rating on Facebook, 4.5 star rating on TripAdvsior & 4.5 star rating on Justdial.
- Physical asset includes kitchen equipment, ACs, bedroom & bathroom linens, TVs, routers.
Products & Services Overview
Rooms, Food, Wi Fi, Cable TV, Terrace Lounge, Laundry, Concierge, Transportation assistance.
Facilities Overview
Rented premise of 4 floors with each being 1,500 Sq Ft. Security Deposit: INR 20,00,000.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysPartner, Business Advisory, Mumbai, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Hospitality, Chennai, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysManaging Partner, Real Estate Construction, Chennai, Individual Investor / Buyer connected with the Business
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