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Products/Service

It’s a sole proprietorship hostel business operating since 2015 in Vijayawada in Andhra Pradesh state. The hostel is only for Boys and located next to KL University. The hostel is on lease with monthly rent INR 4.50 lakhs and a security deposit of INR 20 lakhs.
The Hostel has Air Conditioned 70 Rooms with an average area size of 168 sq.ft. Every room is with triple sharing rooms. All rooms come with a self-attached bathroom with Geyser. They have a generator and free wi-fi also. There is a shared kitchen in the hostel serving veg and non-veg. They serve 4-time food: Breakfast, Lunch, Snacks, and Dinner. The business has a consistent occupancy of 80-90% and has huge growth opportunities.
The rent per person is INR 95,000 for 10 months. They have separate working for the staff The Hostel has 10 employees including chef, Admin staff, accountants, cleaners, etc. The hostel guests mainly are students.
The last year turnover was INR 2.50 cr and net profit was INR 1 cr. The asking price is INR 1.50 cr.

Reason

Moving to Australia

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