Cottage Hospitality Business Offering Franchise Near Manali
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Product / Service
It is a hospitality business that offers cozy cottage stays to its customers.
Clientele type
Their target clientele comprises travelers visiting Himachal Pradesh seeking a peaceful and scenic environment for their stay.
Premises
The promoter will provide the complete setup for a 5-6 bedroom cottage, with the franchisee responsible for its day-to-day operations.
Asking Price Includes
The asking price includes an 8-year agreement to use the premises and operate the business.
Reason
They are actively seeking to expand and promote their business by offering franchise opportunities
Other Details
Cradled in the breathtaking landscape of Jispa, which is located around 90 km from Manali in Himachal Pradesh, this picturesque property awaits your discovery.
They currently own three such properties. The franchisor offers a turnkey setup, while the franchisee is responsible for its operations.
In the second year of operation, they anticipate generating an expected revenue of 15-16 lakhs. The first year will primarily focus on completing the setup, including infrastructure and furniture, which is estimated to take approximately 6-9 months.
They will also offer a trained staff, but the franchisee will be responsible for their salary and management.
The revenue-sharing structure will be as follows: The franchisee will receive 90% of the generated revenue, while the franchisor (promoter) will receive 10%.
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₹10 to ₹200 Cr
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