Listing IDSL000326 Asking PriceRs. 10 Crore - 25 Crore Last Year TurnoverRs. 35000000 Verification Status Pending

Business Details

Hotel since 2009, with 20 rooms, a restaurant and a bar in Vashi is looking for acquirers. The total plot area is 3200 sqft. Occupancy rate is 75% on an average with over 65% corporate clients. Facilities: 24*7 Water and electricity, markets and parking. The hotel holds all the necessary valid licenses including BMC - Health, First grade, Shop and Establishment, Maharashtra Trade. Excise License - BMC, PPEL, license all each & every paper up to date. The hotel has given 2000 sqft to bank on lease for 10 years (6 years balance). Rent received from bank: Rs. 2.5 Lakhs per month + Deposit for 11 months (starting from April). Restaurant and bar (2000 sqft.) given on rent with deposit for 11 months. Rent earned: Rs. 1.20 Lakhs. Another 900 sqft. given on rent with monthly income of 1.10 Lakhs p.m. and 11 months deposit. Asking price is Rs. 17 Crores (Negotiable)

Total Views1252 Buyers Contacted13
Reason For SaleOwn more than 1 hotel and want to focus on managing the others.
EBITDAAvailable on request Last Years Gross ProfitRs. 40%
IndustryHotels, Restaurants & Food Services Sub IndustryHotel, Resort, Guest House, Private Club
StateMaharashtra CityMumbai
Company TypeSole Proprietorship Started in NA
Employees11-25 Employees Listing created byOwner

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