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Hotel for Sale in Kandy, Sri Lanka

For sale: Boutique hotel with 7 rooms in Kandy District with excellent reviews and amenities.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Hotels
Locations  Kandy
Local Time 3:36 AM Asia / Colombo
Listed By Advisor / Business Broker
Status Active
Overall Rating
Full Sale
Asking Price: USD 850 thousand (Native Currency: LKR 250,000,000)
Reason: Owners have relocated abroad. This is an advisor profile and they do not charge the investor any upf... View More
Includes physical assets worth USD 850 thousand
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Business Overview

- Boutique hotel located in Gunnepana Village, Udagampaha Korale, Pathadumbara, Kandy District.

- The residence boasts 7 bedrooms, including luxury suite rooms, standard double rooms, and standard twin rooms. Each room is complemented by an attached bathroom, and there is an additional servant's bathroom for convenience. The ground floor encompasses a spacious area of 3,053 sq. ft, while the upper floor offers 2,278 sq. ft, resulting in a grand total floor area of 5,331 sq. ft. The property also features a meticulously designed swimming pool, measuring 22 ft in length and 21 ft in breadth, with a depth of 5 ft. The pool is adorned with glazed ceramic tiles, covering an approximate floor area of 470 sq. ft. This residence harmoniously combines luxurious living spaces with thoughtful amenities for a truly comfortable and indulgent lifestyle.

- 7 rooms currently, with the potential to build 5 more as approvals are in place.

- Owners boast a decade of experience in the hospitality industry.

- Positive reviews on Bookings. com and TripAdvisor, with a loyal base of repeat customers.

- Peak seasons from September to December, with full bookings in December.

- Ideal venue for parties and gatherings.

- Operations temporarily halted during the Covid-19 pandemic, and recently reopened, hence the revenue figures are missing.

- Amenities include free WiFi, breakfast, billiards, gym, prayer room, pool, and a communal kitchen area.

Products & Services Overview

The boutique hotel caters to tourists, business travelers and local travelers.

Assets Overview

68.2 perches of land with a fully furnished setup.

Facilities Overview

Total area is 68.2 perches of own property.

Locality is Gunnepana, Kandy.

Capitalization Overview

- No loans or pending debts. Hotel fully paid.

- 3 directors for the company with a 98-1-1 shareholding split.

Recent Activity
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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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