Hospitality Business Raising Funds For Hotel In Varanasi
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About Business
The owner operates a luxury hotel and a guest house in Varanasi.
Clientele type
The primary clientele includes tourists and travelers.
Premises
OWNED
Premise Size: 4000
Market Value (in INR): 4.00 Cr
The luxury hotel is located in Cantonment, Durgakund, Varanasi, while the guest house is situated in Sundarpur, Varanasi. In addition, the owner possesses a land parcel and plans to develop a new hotel on it.
Asking Price Includes
The owner is willing to offer 30% stake in the business.
Asking Price
INR 2.00 Cr
Minimum ticket size
INR 2.00 Cr
Reason
The owner is looking to raise funds to develop the new hotel and expand his business in Varanasi.
More Details
With five years of experience in the hotel industry, the owner currently employs 70 people. To expand the business, the owner intends to construct a new hotel on the owned land parcel. Also, due to Maha Kumbh, the owner has generated sales of more than 40 lacs in one month this year.
Future Scope:
There are three vacant houses in Varanasi that the owner plans to convert into Airbnb accommodations, with the broader vision of establishing a strong presence in the city's hospitality sector.
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₹10 to ₹200 Cr
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