Hospitality Business Raising Funds For Hotel In Varanasi

Listing ID: SL021054
Posted By: Owner
Last Active: 2+ months ago
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About Business

The owner operates a luxury hotel and a guest house in Varanasi.

Clientele type

The primary clientele includes tourists and travelers.

Premises

OWNED

Premise Size: 4000

Market Value (in INR): 4.00 Cr

The luxury hotel is located in Cantonment, Durgakund, Varanasi, while the guest house is situated in Sundarpur, Varanasi. In addition, the owner possesses a land parcel and plans to develop a new hotel on it.

Asking Price Includes

The owner is willing to offer 30% stake in the business.

Asking Price

INR 2.00 Cr

Minimum ticket size

INR 2.00 Cr

Reason

The owner is looking to raise funds to develop the new hotel and expand his business in Varanasi.

More Details

With five years of experience in the hotel industry, the owner currently employs 70 people. To expand the business, the owner intends to construct a new hotel on the owned land parcel. Also, due to Maha Kumbh, the owner has generated sales of more than 40 lacs in one month this year.

Future Scope:
There are three vacant houses in Varanasi that the owner plans to convert into Airbnb accommodations, with the broader vision of establishing a strong presence in the city's hospitality sector.

Business Tags

guest house in varanasi Hospitality Business Raising Funds For Hotel In Varanasi hotel business raising funds in varanasi hotels in varanasi luxury hotel in varanasi

₹10 to ₹200 Cr

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