Serviced Apartment Investment Opportunity in Lucknow, India
Established | 5-10 year(s) |
Employees | 10 - 50 |
Legal Entity | Private Limited Company |
Reported Sales | USD 117 thousand |
Run Rate Sales | USD 210 thousand |
EBITDA Margin | 10 - 20 % |
Industries | Serviced Apartments |
Locations | Lucknow |
Local Time | 10:22 PM Asia / Kolkata |
Listed By | Business Owner / Director |
Status | Active |
- Currently, we have 8 properties with more than 300 beds in Lucknow & Allahabad.
- We take the properties on rent from the owners and we sign a deal to take complete charge of the property.
- The rooms are then given to students on a monthly rent basis and the owner is paid from the collected revenue.
- Recently our occupancy rate is 90% from full occupancy but is rising.
- The rooms are fully furnished with facilities like meal plans, WiFi, shared kitchen, and water cooler.
- Promoter has 3 years of experience in this industry and 10 years of total business experience.
- We have 2 more properties in the pipeline for acquisition.
- Aiming for extending the business to have 500 beds by the next 6 months.
- Last year the sales were less due to the pandemic.
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Earlier than 15 daysDirector, Information Technology, Singapore, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysConsultant Prosthodontist, Dental Education & Dental Health Care, Varanasi, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, HR Consulting, Hyderabad, Individual Investor / Buyer connected with the Business