Serviced Apartment for Sale in Pune, India
Offering PG services with 90% occupancy in Hinjewadi IT Park, Pune with 400 beds capacity.
| Established | 10-20 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 200 - 300 thousand |
| Run Rate Sales | USD 243 thousand |
| EBITDA Margin | 20 - 30 % |
| Industries | Serviced Apartments |
| Locations | Pune |
| Local Time | 3:22 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Full Sale
Asking Price:
USD
560 thousand
(Native Currency: INR 50,000,000)
Reason: Business owner wants to focus on their operations in other branches (Bengaluru and Hyderabad). High ...
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Includes physical assets worth
USD
56 thousand
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Business Overview
- The business operates in the serviced apartments industry in Pune, with a primary focus on providing Paying Guest (PG) services and serviced apartments.
- The owner has branches in cities like Bengaluru and Hyderabad as well, but he is willing to sell the profitable business located in Pune branch as of now.
- There are 4 buildings offering PG services with 4 floors in each. Also, there are 3 flats offering rental service.
- PG services include single sharing and double sharing rooms.
- PG services have an occupancy rate of 90% out of 150 rooms available.
- Their service is utilized for a minimum of 6 months to 2 years maximum.
- The rent for PG services ranges from INR 7,000-10,000 monthly per head.
- There are 7 employees who work on a full-time basis.
- Due to the high rent of the serviced apartments our inventory is idle and this has led to a drop in sales.
- The business owner has rented these properties and does not own them. For this, the owner has a paid deposit of INR 50 lakh.
- This is registered and duly compliant business.
- The owner has branches in cities like Bengaluru and Hyderabad as well, but he is willing to sell the profitable business located in Pune branch as of now.
- There are 4 buildings offering PG services with 4 floors in each. Also, there are 3 flats offering rental service.
- PG services include single sharing and double sharing rooms.
- PG services have an occupancy rate of 90% out of 150 rooms available.
- Their service is utilized for a minimum of 6 months to 2 years maximum.
- The rent for PG services ranges from INR 7,000-10,000 monthly per head.
- There are 7 employees who work on a full-time basis.
- Due to the high rent of the serviced apartments our inventory is idle and this has led to a drop in sales.
- The business owner has rented these properties and does not own them. For this, the owner has a paid deposit of INR 50 lakh.
- This is registered and duly compliant business.
Products & Services Overview
Paying guests (PG services) is the top selling service. The other services include serviced apartments. PG services are majorly used by students.
Assets Overview
Tangible assets include furnitures, fixtures, and equipment like washing machines, beds, refrigerators, tables and chairs.
Facilities Overview
- The owner has taken 4 properties on rent all located in Pune. Each property has 4-5 floors has a total of 150 rooms with 400 beds.- The monthly rent for all properties is INR 9 lakh.
Capitalization Overview
No debt or outstanding loan. Business is completely funded by the owner himself and is a sole proprietor who owns 100% stake in the business.
Recent Activity
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Earlier than 15 daysOwner, Construction And Development, Solapur, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysManager, Transportation, Vadodara, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Corporate Housing, New Delhi, Individual Investor / Buyer connected with the Business
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·Student Hostel for Sale in Pune, India
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·Self-Catering Accommodation for Sale
·Buy Student Hostel in Pune, India
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·Purchase Hostel in Pune, India
·Serviced Apartment for Sale
·PG for Sale in Pune, India
·Purchase PG in Pune, India
·Buy Hostel in Pune, India
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