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Profitable Casino Investment Opportunity in Mumbai, India

Luxury cruise in Mumbai with a casino, restaurant & bar seeks a full business partner.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 360 thousand
Run Rate Sales Nil
EBITDA Margin 40 - 50 %
Industries Cruise Lines + 2 more
Locations  Mumbai
Local Time 6:13 PM Asia / Kolkata
Listed By Management Member
Status Active
Overall Rating
Partial Stake Sale
USD 2.4 million for 20.0% stake (Native Currency: INR 200,000,000)
Reason: The promoter is looking for funds in order to expand the operations and needs a partner to run the b... View More
Includes physical assets worth USD 12 million
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Business Overview

- Mumbai-based business operating casino, restaurant, and cruising from Mumbai (Bandra) to Gujarat.

- Started commercial operations two years ago with an average sales of INR 21 lakh monthly.

- Operations have been halted since the past four months due to the Covid-19 pandemic.

- Majority of the revenue is generated from the casino.

- Have acquired all permissions from the Government of Gujrat and the ports.

- We had an occupancy rate of 80% throughout the time we were running.

- Cruise has a capacity to accommodate 300 people at a time.

- The ship has 20 cabins, a restaurant, a sky lounge area, a bar, casino, disco, 100 rest chairs, and a gaming zone.

- The cruise sails once a week and the rest of the time it is stationed in Mumbai and operates as a floatel restaurant.

- The cruise can be booked and sails to other places on-demand.

- The average ticket price is INR 6,000 per head.

- Intends to sail and start trips to Dubai during the monsoons in the upcoming year.

- Have tremendous potential for developing to the next level.

- The port fee of INR 2.5 lakh has been exempted by the Gujarat Government.

- Physical assets include the ship, interiors, equipment and furniture.

- This is a venture that has two partners while one company owns the ship and the other runs it. However, the company owning the ship is a silent partner.

- Post investment the operations of this vertical will be spun off under a newly incorporated legal entity & the investor will be effectively acquiring a stake in the new legal entity which will include all the assets including the ship.

- Currently not operating due to Covid and Monsoon.

Products & Services Overview

Trips, restaurant, gaming, accommodation, casino, sky lounge, disco.

Assets Overview

The market value of our vessel is INR 100 crore. The vessel is unique and difficult to acquire anywhere in the world.

Facilities Overview

Dimensions of the ship are 66m x 15m. It has the capacity to accommodate 300 people at a time.

Capitalization Overview
Not Disclosed
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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