Serviced Apartment for Sale in Chennai, India

18 room serviced apartment business on leased property hosting international travelers, medical tourists, and wedding guests.
This Business is on a Premium Plan
Established
Employees
Legal Entity
Reported Sales
Run Rate Sales USD 210 thousand
EBITDA Margin 32 %
Industries Serviced Apartments
Locations  Chennai
Local Time 7:05 AM Chennai
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 340 thousand (Native Currency: INR 25,000,000)
Reason: Owners wants to concentrate on other business.
Includes physical assets worth USD 75 thousand
Name, Phone, Email
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Business Name
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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.

Products & Services Overview

Rooms, Food, Wi Fi, Cable TV, Terrace Lounge, Laundry, Concierge, Transportation assistance.

Facilities Overview
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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