Well Established Pg Business for Lease in Chennai
Email
Phone
Google
LinkedIn
Facebook
About Business
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
More Details
35 to 40 Beds for PG. Need Rs.2 lacs per month as rent with Rs.10 Lacs as Deposit.
Business Tags
₹10 to ₹200 Cr
Complete Investment Banking Solution in 120 Days
Seamless Fundraising/M&A transactions
Start your growth journey with our 25+ Years of Experienced Professional Team.
Contact IBGrid TeamFrequently Asked Questions
How to contact a business owner directly to buy or invest in a business?
Connecting with a business owner directly is simple! Just follow these 3 easy steps: 1. Create your FREE Investor/Buyer profile on IndiaBizForSale 2. Explore the 'Business Opportunities' section to find 10,000+ business opportunities matching your investment preferences. 3. Click on the 'Contact Business' button and connect with business owner directly. Check here to know how it worksNote: Once you create your profile, you will get ONE introduction credit, allowing you to contact any ONE featured business.
How does IndiaBiz verify the business information?
The business opportunity is either posted by the business owner or advisor. After that, our team checks the information for completeness, language, and accuracy. Once the basic checks are met; only then the opportunity is published. We also get users' feedback for the opportunities they contact and based on their feedback, the opportunity maybe put on HOLD till further clarification. Many opportunities are not published when it does not pass through our internal procedure checks. We sincerely request you to carry out complete due diligence before taking the transaction ahead. In addition, the contact details of the business are verified via phone/email.
What to consider before buying or investing in a business?
Below are some of the factors that need to be considered before buying or investing in a business:- Growth prospects of the industry and business
- Sales, profitability, and cash flow of the business should be considered
- Consideration you have to pay; form of consideration (either cash or shares or some combination of both) to be paid?
- Source of financing the purchase
- Amount of additional investment that will be required to grow business
- Does the business have second-line of management?
- Are you going to run the business on day-to-day basis or appoint some professional for the same?
- What decisions are to be taken to improve the profitability of the business?
- Time period of payback or return is envisaged from the business?
- Any long-term strategic benefit or synergy with your existing business?
- Will the clients continue with the business after the acquisition?
