Listing Details : LB-15964

Asking Price 50 Lacs
Turnover 50 Lacs
Legal Entity Proprietorship
Category Real Estate
Sub Category Hostels
Business Listed By Business Owner

Overview

A profitable hostel business located in Pune, Maharashtra, is available for sale (excluding the property). The hostel operates on a 4,000 sq. ft. plot with a ground floor plus three additional storeys, providing ample space for accommodations. It features 10 flats specifically designed to house doctors, ensuring a comfortable and professional living environment. Additionally, the business has a corporate tie-up with a prominent healthcare group, offering stable and consistent occupancy. The average rental income per flat ranges between ₹8,000 and ₹12,000 per month, ensuring a steady revenue stream. The property itself is not for sale, but the buyer will have the opportunity to continue running the hostel on a rental basis. This is an excellent opportunity for those looking to invest in a profitable and well-established business in a prime location with a niche clientele. With a proven track record of profitability and stable operations, this hostel is ideal for investors aiming to enter the hospitality or rental business in Pune.

Year of Establishment

2023

No. of Employees

3

Current Status of Business

Running Profitable

Business Relocatable

No

Property Type

Owned

Property Value

N.A

Property Classification

Commercial

Describe Property

Own property but is not available for sale. The property is available for rental basis

Competition / Market

Yes, competition is there

Products & Services

A running Hostel for the accomodation of Doctors

Growth Potential

Very high growth potential

Reason For Sale

Personal reasons

Financial Details

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