Serviced Apartment Seeking Loan in Bengaluru, India
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 1.05 million |
| Run Rate Sales | USD 1.26 million |
| EBITDA Margin | 30 % |
| Industries | Serviced Apartments |
| Locations | Bengaluru |
| Local Time | 3:49 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
• The properties are located in prime residential and educational areas with good connectivity.
• The business accommodates 600+ residents across the 4 properties and operates through leased buildings.
• The properties maintain good occupancy levels and provide accommodation to students, working professionals, and other residents.
• Facilities include fully furnished rooms, Wi-Fi, CCTV security, power backup, housekeeping, parking, and food facilities.
• The properties comprise multiple floors and are equipped to support comfortable long-term accommodation.
• The business has strong local market knowledge, established tenant relationships, and experience in managing PG operations efficiently.
• The business is focused on maintaining good occupancy, providing quality accommodation, and generating stable operating income.
• Operates with a valid GST certificate.
• Beds, mattresses, and bedroom furniture: Approx. INR 80 lakh.
• Cupboards, tables, chairs, and storage furniture: Approx. INR 35 lakh.
• Kitchen equipment, appliances, and utensils: Approx. INR 25 lakh.
• Electrical appliances, air conditioners, fans, and other fixtures: Approx. INR 20 lakh.
• Wi-Fi, CCTV, power backup, and security equipment: Approx. INR 15 lakh.
• Common-area furniture, fittings, and other operational equipment: Approx. INR 25 lakh.
Intangible assets:
• Security deposits.
• Goodwill.
-
1 day, 19 hours agoChartered Accountant, Indore, Financial Consultant connected with the Business