Promising Startup Venture Raising Funds in Chittorgarh
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This concept represents a startup endeavor centered around the creation of a resort in Chittorgarh, a renowned tourist destination.
The objective is to offer travelers a memorable and culturally enriched experience that seamlessly blends history, modern comforts, and luxury amenities.
Clientele type
Their clientele mainly comprises tourists who visit Chittorgarh, drawn not only by the historical significance of the fort but also by the various other tourist attractions within the city. Chittorgarh is one of the key destinations for tourists exploring Rajasthan, a state that welcomed a staggering 10.87 crore visitors in the year 2022.
Premises
They already have a land of 2 bigha in mind, that can be used for the construction, regarding the same the owner will put his investment of 3 crore. A plot of land spanning 2 bigha has been selected as the site for construction, and the owner is willing to invest ₹3 crore for the project.
Asking Price Includes
The terms of the transaction can be discussed with the potential Investors.
Reason
They require capital to initiate the resort construction and have a comprehensive project report prepared.
Other Details
They are seeking external funding of ₹8.81 crores, with the promoters contributing approximately ₹2.94 crores as their share of capital.
Anticipating a strong occupancy rate, they project more than 15 daily room bookings out of the available 21 rooms, along with a steady stream of daily villa bookings generating ₹7,000 in revenue. Additionally, they forecast approximately ₹25,000 in daily restaurant sales. Furthermore, they anticipate an additional income of ₹50,000 per day from their bar and kitchen operations.
They anticipate generating rental income of ₹60,000 from the banquet hall and ₹20,000 from the conference hall for each booking. They project a total of 50 bookings for both venues.
They are projecting a carried-forward net profit of ₹1.2 crores for the first year.
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₹10 to ₹200 Cr
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