Profitably Running Mens Hostel for Sale in Chennai
Email
Phone
Google
LinkedIn
Facebook
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
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