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Profitable, Fully-functioning, Licenced 3* 10 Bed Boutique In Goa For Sale

Dabolim, Goa, India
Asking Price:
Over $5M (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Over $5M (USD)
Cash Flow:
$500K - $2.5M (USD)

This is a fully functional, fully licensed property in a very sought-After location near from the goa international airport.
Rooms are almost always needed close to the airport by passengers coming in or out of the state on business or for leisure. The navy also requires rooms throughout the year and they provide long-Term stays and thus, regular income. Off-Season doesn't exist here at the hotel. The property has been renovated in 2016. Car park for 6 cars and a number of two-Wheelers.
1 full-Sized pool & child pool, poolside loungers, wooden, covered, handmade constructed pagola (Ideal for weddings), beautiful, well-Lit gardens, exotic fruit & veg trees/plants (Pineapple, chickoo, mango, kadi patta, papaya, tomato, coconut, flowering trees & plants)
Property includes a villa at the back of the hotel for residential purposes. If you want to convert this into extra rooms or family rooms, that is an idea which would require permissions but would add huge value to the hotel.
All permissions are valid - Goa tourism certificates, electricity bills are all paid and up to date, GST returns are done on a monthly basis, panchayat nocs are valid, water supplied from the well and govt pipes. Owner is foreign NRI.
Acs, TVS all in working order, regularly serviced and cleaned. Servant rooms equipped with bathrooms and beds and other necessities. Kitchen is industrial sized with branded equipment, stoves, fridges etc. Bar is ready to be operational but buyer will need to get their own excise licence from the relevant authorities.
No agents please - Only genuinely interested buyers to call.
Visits can be arranged any time. Please call to discuss. Full spec can be sent by message/email. Room sizes, area sizes all provided upon request. All sales deeds in order with all necessary planning permissions.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Villa at back of property included attached to hotel. 4 bedrooms, lounge, dining room, sitting room, kitchen, all bathrooms en-suite, bedrooms upstairs & landing area have balconies, bedroom 1 has fitted wardrobe, beds will be left, sofa & other large bits of furniture also will be left.

Location:

1km from beach
Equi-distant from north and south Goa

Premises Details:

1000sq ft property, pool, villa attached, 10 bedrooms for guests with potential for expansion, large kitchen, 30 seater restaurant, reception, all furniture will be left, all TVs & ACs will be left, generator fitted 2019 and under warranty, waterproofing done, ready to sell with all licences & operating permissions

Size in square feet:
1,000
Planning Consent:

All planning permissions in the files, all relevant sales deeds, plans and site maps available.

Business Operation

Expansion Potential:

Land at side of property great opportunity for expansion. Villa can be converted from residential to extra guest bedrooms

Competition / Market:

Hotel stands out in the competition set. Excellent reviews on Google Business, FB, TripAdvisor etc - online with all major online travel agents including MMT/GoIbibo, Agoda, Expedia, Booking.com - international & Indian sites

Reasons for selling:

UK based family owned. Owner's daughter running the property and wishes to go back to the UK as this was a career-break for 5 years and it's coming to an end. Doesn't want to lease out the hotel.

Trading hours:

27/7

Employees:
4
Years established:
2007

Other Information

Support & training:

Channel manager training to operate online travel agent bookings management will be provided

Contact Seller

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