Listing Details : LB-11059

Investment Required 10 Crs
Turnover 1 Crs
Legal Entity Proprietorship
Category Hotels & Resorts
Sub Category Resorts
Business Listed By Business Broker

Overview

A Resort with 18 rooms in Chennai looking for funds to construct an additional 12 rooms. The total land area of 7200 SqMt. and built up area is 14000 Sqft and these additional rooms would increase the constructed area by another 10000 sqft. . We are ready to dilute 50% of Equity for the amount of 10 crores which can be paid in 3 lots. The Resort also boasts of a multi cuisine restaurant which has a 24 hours dining facility and serves all major types of food. The Resort's major clientele comes from corporate and Families. It is a situated at a nice clean beach with Average tariff.

Year of Establishment

2015

No. of Employees

18

Current Status of Business

Running Profitable

Business Relocatable

No

Purpose of Joint Venture

Financial ()

Role of New Partner

Active

Property Type

Owned

Property Value

21 Crs

Property Classification

N.A

Describe Property

7200 Sqmt land area having 18 rooms and a restaurant.

Proposed Deal Structure

50% equity for 10 Crores

Competition / Market

Not many competitor

Products & Services

Resort with amazing restaurant and view.

Growth Potential

Huge as this funds will infuse more number of people in resort.

Financial Details

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