8.1 / 10
 Mumbai

Luxury cruise in Mumbai with a casino, restaurant & bar seeks a full business partner.

Key Business Facts
Yearly Sales Nil
EBIDTA Margin 40 - 50 %
Industries Cruise Lines
Locations  Mumbai
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.
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
Interested to connect with advisors
In talks with 3 Investors
Contact Business