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Serviced Apartment Seeking Loan in Nashik, India

Business loan needed for expanding serviced apartments and cottage offerings in Nashik.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity General Partnership
Reported Sales USD 34 thousand
Run Rate Sales USD 27 thousand
EBITDA Margin 10 %
Industries Serviced Apartments
Locations  Nashik
Local Time 9:38 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 8 thousand for 10.0% annual interest, 5 years (Native Currency: INR 700,000)
Reason: We are constructing additional cottages for short-term stays and are therefore seeking a loan. The p... View More
Collateral Available: USD 0
Includes physical assets worth USD 17 thousand
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Business Name
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Business Overview
- Located in Nashik, the business specializes in providing short-term stays, primarily targeting families and social groups seeking relaxation and leisure activities.
- Offers unique day picnic experiences and staycations, allowing guests to unwind and enjoy nature in a comfortable farmhouse setting.
- Attracts a customer base of 100-500 monthly, with a focus on families and ladies groups who host parties, get-togethers, and festivals.
- Known for serving authentic vegetarian Maharashtrian cuisine, especially popular dishes like misal and pithala bakhrari, creating a unique dining experience.
- Encourages gatherings in a non-alcoholic environment, promoting a family-friendly atmosphere suitable for celebrations and events.
- Provides accommodations for small groups, accommodating up to 10 guests with a welcoming package that includes refreshing welcome drinks.
- Faces seasonal fluctuations, particularly low sales during rainy months, impacting overall profitability.
- Generates revenue through bookings for short-term stays and picnic packages, appealing to customers looking for affordable and enjoyable local experiences.
- We require 5 employees to handle cooking, cleaning, guest services, and overall property maintenance.
Products & Services Overview
Our best-selling services include farmhouse experiences, offering day picnics and staycations. Families and women’s groups frequently choose us for parties, get-togethers, and festive celebrations, enjoying a pure vegetarian, non-alcoholic environment.
Assets Overview
Tangible assets: Furniture, kitchen setup, interiors, bedroom fittings, refrigerator, dining area, and play area.
Intangible assets: FSSAI license, Shop Act registration, and Udyam registration.
Facilities Overview
We operate on a 2.5-acre property with a monthly rent of INR 35,000.
Capitalization Overview
We are three partners holding equal stakes of 33% each, with an Aditya Birla loan of INR 5 lakhs.
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3 Investors viewed this Business this week. Register below to connect now!
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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