Serviced Apartment for Sale in Manali, India
Established | 1-5 year(s) |
Employees | 10 - 50 |
Legal Entity | General Partnership |
Reported Sales | USD 119 thousand |
Run Rate Sales | USD 142 thousand |
EBITDA Margin | 20 % |
Industries | Serviced Apartments |
Locations | New Delhi + 1 more |
Local Time | 7:11 AM Asia / Kolkata |
Listed By | Business Owner / Director |
Status | Active |
- Initiated two years ago, our business began with a single apartment in Noida and has since expanded to encompass 8 apartments, 1 villa, 1 serviced homes across Delhi NCR, and 2 wooden cottages in Manali, Himachal Pradesh - all operating under our distinctive brand.
- Our operational model involves leasing homes and subletting them for short-term rentals under a robust brand identity.
- All our properties consistently maintain an impressive 80% occupancy rate year-round, with 70% of bookings made in advance.
- Sustained growth has been achieved through excellent service and a commitment to adapting to the evolving demands of our guests.
- We prioritize the highest level of privacy for our guests, resulting in a significant frequency of repeat visits.
- Boasting favourable guest reviews and regular coverage in both domestic and international press, our brand is well-regarded.
- Our presence extends across multiple platforms, including Airbnb, MakeMyTrip, Bookings. com, Goibibo, and Agoda.
- Complemented by our official website with a booking engine and active social media pages, our online presence is comprehensive.
- A total investment of over INR 40 lakhs has been dedicated to the business thus far.
- With a team of 10 permanent employees, our human capital forms a crucial part of our success.
- The business has GST registration.
- Furniture, Fixtures, and Equipment (FFE) valued at INR 6 lakh.
- Revenue streams (Property lease)
- Domain name.
- Website.
- Trained staff.
- Social media handles.
- Licenses & Certifications.
- Client database.
- OTA profiles.
- Hotel management software.
- WhatsApp business account.
- Market research insights.
- Occupancy data.
- Processes.
- Pricing strategy.
- Firm.
- Current account.
- Trademark.
- Brand kit.
- Content.
- Vendor contacts.
- 8 1bhk apartments built on 650 sq ft (high rise tower in Noida).
- 1 2bhk villa built on 2700 sq ft (single floor with front yard in Noida).
- 1 3bhk wooden cottage built on 1340 sq ft (Third floor in Manali)
- 1 1bhk apartment built on 900 sq ft (Ground floor in Manali)
- 1 1bhk builder floor on 900 sq ft. (Second floor in South Delhi)
All were leased for 1 year and renewed thrice.
There are three partners with ownership stakes of 45%, 45%, and 10% respectively.
Each partner has contributed to the business through a combination of personal funds and bank loans.
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Earlier than 15 daysDirector, Marketing, Delhi, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysBusiness Owner, Real Estate Consultancy, New Delhi, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysManaging Director, Facility Management, Chennai, Corporate Investor / Buyer connected with the Business