Serviced Apartment Investment Opportunity in Lucknow, India
|Employees||10 - 50|
|Legal Entity||Private Limited Company|
|Reported Sales||USD 120 thousand|
|Run Rate Sales||USD 220 thousand|
|EBITDA Margin||10 - 20 %|
|Local Time||11:14 AM Asia / Kolkata|
|Listed By||Business Owner / Director|
- We offer premium rooms for students to live in at an affordable price.
- 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.
Premium student housing with facilities like meals, WiFi, shared kitchen and water cooler, fridge, washing machine, etc.
Furnishings, bed, table, chair, wardrobe and other room equipment.
Total eight rented properties with 100+ rooms and over 300 beds.
Earlier than 15 daysEx - Defense, Defense, Lucknow, Individual Investor / Buyer connected with the Business
Earlier than 15 daysProprietor, Mobile Service, Faizabad, Individual Investor / Buyer connected with the Business
Earlier than 15 daysMD, Tea Plantation, Kolkata, Corporate Investor / Buyer connected with the Business