A Closed but Newly Constructed Resort in Manali for Sale

Manali, Himachal Pradesh, India

Hotels & Resorts

Asking Price
12 Crs

Category
Hotels & Resorts

Turnover
N.A

Sub Category
Resorts

Legal Entity
Proprietorship

Business Listed By
Business Broker

The Resort was completed in 2018 and in 2019 COVID broke out hence it could not function. The land area of the resort is 2000sq.yards. and the build-up area is 21000sq.ft (Ground + 3 floors). It has total of 21 rooms (6 suites,2 super deluxe suites,4 deluxe,2 Semi suites, 1 superior family suite with 2 room sets, 2 family suites, and 3 rooms) and has Permission to make additional 10 more rooms. It also has 1 restaurant with a kitchen,1 Big kitchen for groups and staff,1 GM Office, Reception, Rooftop café space, Space for Bar, Driver and staff Room area, Laundry area, Stock room, Parking indoor and outdoor area 4000sqf. The tariff for the rooms was planned at Rs 4500 per day -Rs 15,000 per day. The ground floor has a big Showroom, If the buyer does not want to be keen on the distributorship the area is huge enough to be converted into a food court or a franchise of any brand of the restaurant can also begin.

Year of Establishment

2018

No. of Employees

0

Current Status of Business

Closed

Business Relocatable

No

Property Type

Owned

Property Value

N.A

Property Classification

N.A

Describe Property

The land area of the resort is 5 acres and the build-up area is 21000sq.ft has Ground + 3 floors

Competition / Market

Very Few.

Products & Services

It has total Total 21 rooms (6 suits,2 super deluxe suites,4 deluxe,2 Sami suites,1 superior family suite 2 room sets,2 family suites, and 3 rooms) and has Permission to make additional 10 more rooms. It also has 1 restaurant with a kitchen,1 Big kitchen for groups and staff,1 GM Office, Reception, Rooftop café space, Space for Bar, Driver and staff Room area, Laundry area, Stock room, Parking indoor and outdoor area 4000sqf.

Growth Potential

If don't want to be keen upon distributorship of Royal Enfield the area is huge enough to be converted into a food court or a franchise of any brand of the restaurant can also begin. Tie up with Airbnb can also be worked out as permission to build 10 more rooms is given to the resort owner.

Financial Details

EBITDA N.A

PAT N.A

Debt N.A

Reason For Sale

Financial Reason.

Business Documents

Teaser/Information Memorandum

Valuation Report

Financials

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