Profitably Running Mens Hostel for Sale in Chennai
Product / Service
Men's Hostel/PG
Clientele type
IT professionals and college students
Premises
Google, Olx, Sulekha
Asking Price Includes
Deposit, Goodwill, Asset worth INR 10 lakhs
Reason
Owner is getting married, so no time to focus on the business
Other Details
This Sole Proprietorship business is operational since June 2018. Located at a prime location in OMR area.
Hostel premise is ground+3 floors. There are a total of 17 rooms of which 5 rooms are AC and remaining are non AC rooms. 13 rooms are with three beds sharing and 4 rooms are four beds sharing. All the rooms are equipped with attached toilet and bathroom. Common kitchen and Dining hall.
There are a total of 55 beds of which 45 beds are occupied.
Monthly rent is INR 85,000 and security deposit paid is INR 5 lakhs,
AC room fare is INR 6500/month and Non AC room fare is INR 5500/month.
Asset: Fridge 2, Washing machine 1, Cot 55, Beds 55, Commercial kitchen items, Led TV 17, AC 5, Cupboards 16, Bedspreads with pillow covers 60.
Asking price is INR 15 lakhs. (negotiable)
Keywords
₹10 to ₹200 Cr
Complete Investment Banking Solution in 120 Days
Seamless Fundraising/M&A transactions
Start your growth journey with our 25+ Years of Experienced Professional Team.
Share your ProposalYou may also like
{{listing.title}}
Frequently Asked Questions
How to contact a business opportunity?
Click on CONTACT BUSINESS button on the business opportunity page to get
connected. This allows you to gain access to contact details of opportunity
in exchange with your details.
Please note, getting contact detail of a business is called an introduction
and each membership plan has different introduction credits. If you do not
have any introduction credit in your account, you can neither connect nor
get the contact details of that business opportunity.
How does IndiaBiz verify the business information?
Business opportunity is either posted by the business owner or advisor.
After which, our team checks the information for completeness, language and
accuracy. Once the basic checks are met; only then the opportunity is
published.
We also get users feedback for the opportunities they contact and based on
their feedback, the opportunity maybe put on HOLD till further
clarification. Many opportunities are not published when it does not pass
through our internal procedure checks.
We sincerely request you to carry out complete due diligence before taking
the transaction ahead. In addition, the contact details of the business are
verified via phone / email.
What support can I expect from IndiaBiz?
Based on your membership plan you can get email/ phone/ online support
for communication with the other side, account queries, etc.
If you are looking for a specific type of business opportunity - our
Assisted Buying services can be useful.
Our Advisory team also provides support related to business valuation,
business plan documents, franchise expansion plan at a fee. Contact sales
team for more details on your requirements.
Click here to see how it works