Profitable Running Hotel for Sale in South Delhi
Product / Service
For Sale – Profitably running 17 AC Room hotel (guest house) in Delhi (Central Market – Lajpat Nagar). The guest house is a well-known brand Name for Afghan Market. This hotel is close to Metro station Lajpat Nagar, close to many leading hospitals. The hotel is mostly occupied by Afghan people. Occupancy rate is normally 70-80% and in peak season almost 100%. In front of the hotel, an 8 floor parking of Central market is coming up, so we will be more accessible and visible to clients. The guest house on the 1st, 2nd and 3rd Floor. It is a leased hotel for 10 years. 7-8 years lease period remaining. Monthly lease is INR 3 lakhs and other expenses are between INR 1 to 1.5 lakhs. Profit since last 2 years (2013-15) was INR 27 Lakhs. (After tax: INR 25 Lacs). Turnover since 2 years: INR 80 Lacs. Business sale includes Running Business + License + Complete interior (FF+SF+TF). Selling Price: INR 1.5Cr.
Owner has plans for some other business (Travel business) and a project in Afghanistan so not enough time to devote to this business.
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