Businesses For Sale in SingaporeSingapore

Listing ID: 13392
Total Viewed: 3877
Last Refreshed: 19/09/2018

Award Winning Backpacker Hostel Near Farrer Park MRT For Takeover

Serangoon

Asking Price : SGD300,000

Revenue: SGD200K - 500K

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 2013

Gross Profit: SGD100K - 200K

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: SGD50K - 100K

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 5

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average

***NOT included in asking price

Reason To Sell
Owner Going Oversea
Business Description

Award Winning Boutique Backpacker Hostel Near Farrer Park MRT for Takeover

∼This is a takeover of the hostel business not purchase of the shop house.

~Near Farrer Park MRT (8 Mins Walk)

~50 Beds , potentially can be increased to 60± beds

~4800±sqft approx

∼Fully licensed, legally compliance to all authorities.

~3 Storey shophouse

~Nicely renovated @ more than $500k

~Rental @$10k appx

∼Awarded prestigious Best Hospitality Design in Asia Pacific Category by I-DEA

~Takeover hostel licence, award winning brand name, booking system, website, Facebook page, etc. 

∼Transition support provided to new buyer

~Takeover Fee $300k nego, amount  exclude 3 month rental deposit of appx $30k to Landlord.

∼Annual profit of $50k± with potential to increase

~can nego new lease with landlord

∼Just need about 3-4 year to recover back your investment

~Full P&L and booking record can be disclosed for serious buyer

~SMS or Whatsapp Desmond @84485588 for more information. Thank you!


Business Operations
Business Hour:
24 hours
Preferred Skills:
Any skill
Supporting and Training:
Support provided
Staff:
2 Local, 3 Part Time
Property Information
Premise Status:
Rent
Premise Size:
4800sqft
Rental Fee:
SGD10,000
Rental Deposit:
SGD30,000 (NOT included in selling price)
Lease Term:
2years

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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