Listing Details : LB-17322

Asking Price 5 Crs
Turnover 24 Lacs
Legal Entity Private Limited
Category Hotels & Resorts
Sub Category Guest House
Business Listed By Business Owner

Overview

A well reputed hostel operating from a 4500sqft area having an easy student accommodation facility located in Anand, Gujarat, catering to the housing needs of local and outstation students is available for sale. The property features 24 rooms across multiple floors, having a housing capacity of approx 80 students, offering a steady and reliable income stream. 4rooms are equipped with air conditioning units, providing comfort during the warmer months which have a tarriff of Rs40,000/-annually. 20 rooms are Non-AC with a tarriff of Rs30,000/- annually. On the first floow we have a common room also available. The occupancy is from Month July to May for both the semesters. On the ground floor, the property includes a fully operational restaurant that serves fresh, home-style vegetarian meals with 60 seating capacity. Open to both residents and the public, the restaurant has gained a strong local reputation for its affordability and variety, offering different dishes daily at a budget-friendly price of just ₹110 per plate. This dual-purpose property combines a high-demand student hostel with a community-oriented dining option, making it an excellent investment opportunity in the education and food service sector.

Year of Establishment

1989

No. of Employees

25

Current Status of Business

Running Profitable

Business Relocatable

No

Property Type

Owned

Property Value

7.5 Crs

Property Classification

Commercial

Describe Property

4500sqft area having an easy student accommodation facility located in Anand. 4 Ac Rooms and 20 Non Ac Rooms

Competition / Market

No serious competition in the area

Products & Services

provides accommodation to students Serves vegetarian food to the public as well as the students above. Free parking outside. Dinner and lunch served can increase revenue by offering breakfast also

Growth Potential

There is quite a lot of potential to grow the business. The owner is getting pretty old so he'd like to pass it on to the younger generation who have the time and energy to take the risk to grow the company but there is a lot of potential

Reason For Sale

retirement and looking to pass this on to the younger generation of business men

Financial Details

Contact Business