Listing Details : LB-9715

Asking Price 85 Crs
Turnover 50 Lacs
Legal Entity Proprietorship
Category Hotels & Resorts
Sub Category Hotels
Business Listed By Business Owner

Overview

A Running hotel in Ghaziabad is available for sale. The Hotel was established in the year 2003. Previously it was operated by the owner now it has been given on lease. It has 27 air-conditioned rooms and 5 Non-Ac. There is a reception area and stairs, the hotel's built-up area is 16,200 sq. feet, basement, ground floor, 2 floors included. The hotel is in a complex of 600 sq. meters of land. The complex consists of shops, some have been sold. The hotel is on the ground floor. The hotel room occupancy is 22 rooms per day. The Total Profit from the hotel to the owner is 2.5-3 Lakhs/Annum. The Owner is willing to sell it for 6.5 Crores and the reason for selling is that he is no more interested in the hospitality business and has other business as well to run as well.

Year of Establishment

2003

No. of Employees

7

Current Status of Business

Running

Business Relocatable

No

Property Type

Leased

Rental per Month

N.A

Describe Property

The total built-up area of the hotel is 16,200 sq. ft. They have 2 big conference halls on the first and second floor, and reception, 1 room and office on the ground floor, situated in the main hotel area of Ghaziabad, within walkable distance from the railway station ( Within 5 km)

Competition / Market

Tough Competition due to many hotels in the locality.

Products & Services

A Total no of 32 rooms in the hotel. A Small Kitchen. Reception,

Growth Potential

Can be Profitable if someone passionately runs the hotel with hospitality skills.

Reason For Sale

No More Interested in the hotel business, moving to other business.

Financial Details

BusinessDeals Logo

Business Deals
Typically replies within an hour

Hi there 👋

How can I help you?
1:40
919811568568
x
Chat with Us
Contact Business