Well Established Pg Business for Lease in Chennai
Product / Service
This profitable business was established in 2016. This is located near an IT Park and most of the occupants are IT Professionals. This is a sole proprietorship business.
The total carpet area of the premises is 5000 sq.ft with 12 rooms. The total occupancy is 35-40 people. All rooms are Air Conditioned. Breakfast and Dinner are provided at the PG. They also provide other basic amenities like WiFi, Drinking water,24 hr water, and electricity supply, etc. The total staff is 2 including a manager. This is a very well managed and professionally run PG.
The revenue per month ranges from INR 2.5-3 Lakhs with a margin of 60-70%. This is a very lucrative business with everything set and the buyer can start running this from the first day. Since the promoter is busy with other ventures, they are not able to allocate time for this. The Asking price is INR 2 Lakhs per month. (Negotiable). The minimum lease period is 2 years.
Clientele type
Gents Hostel mostly from IT Industry
Premises
Social Media, Phone
Asking Price Includes
Apartment for Lease, currently run as PG
Reason
Busy with other ventures
Other Details
35 to 40 Beds for PG. Need Rs.2 lacs per month as rent with Rs.10 Lacs as Deposit.
Keywords
Business Tags
₹10 to ₹200 Cr
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