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Profitable Serviced Apartment Seeking Loan in Lucknow, India

Budget accommodation for backpacking travelers around the world, seeks funding to covert it into a dormitory.
This transaction has concluded.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity Limited Liability Partnership (LLP)
Reported Sales USD 5.8 thousand
Run Rate Sales USD 7 thousand
EBITDA Margin 40 %
Industries Serviced Apartments
Locations  Lucknow
Local Time 6:46 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 7 thousand for 15.0% annual interest, 1 year (Native Currency: INR 600,000)
Reason: To convert into a dormitory and increase the beds, make an aesthetically pleasing reception desk and... View More
Collateral Available: USD 0
Includes physical assets worth USD 105 thousand
Interested to connect with advisors
Documents
PAN card
Business Overview
It's a budget hostel & accommodation facility that we provide for backpacking travelers. Have hosted more than 300 guests from 20+ countries. Business is operational since 2018. We converted our company to an LLP in 2019. Listed on Booking. com and Agoda. com. The brand is well recognized and appreciated by the travelers with good reviews and ratings across OTAs.
The facility currently has 3 rooms which accommodates 5 guests at once. Post funding, we plan convert the hostel to a dormitory and increase the capacity to 15 beds.
Products & Services Overview
Accommodation, laundry, sightseeing, cafe, wifi itineraries power back up.
Facilities Overview
Have a total owned space of 1,700 sq ft including 1st floor and a terrace area.
Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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