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Guest House Assets for Sale in Allahabad, India

10 acre forested land with restored fort with 9 rooms situated on the river bank.

Ownership Duration 5-10 year(s)
Industries Resorts + 1 more
Locations  Allahabad
Local Time 2:09 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Asset Sale
Asking Price: USD 1 million (Native Currency: INR 85,000,000)
Reason: The promoters are senior citizens and their children are settled abroad. We want to sell the busines... View More
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Assets Description

- This is a 10 acre land with a reconstructed fort with 9 rooms and a cottage.

- The property has a kitchen, lounge, and 2 fishing ponds.

- We are an eco resort with 500 to 600 fruit trees.

- Completely equipped with automatic irrigation solutions, and solar systems.

- Prior to the pandemic, the guest rooms were occupied only by foreigners but after the lockdown we have opened it for Indian tourists as well.

- On weekends we were fully occupied and there are 5 picnic huts, where schools could come and host picnic events.

- The facility is equipped with a transformer and a generator.

- The land is owned by the business.

- The business has 2 owners, with equal equity ownership stake.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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