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Listing ID: 13392 Last Refreshed: 07/05/2019 Total Views: 9616

Award Winning Backpacker Hostel Near Farrer Park MRT For Takeover

Serangoon

Asking Price: S$300,000
Award Winning Backpacker Hostel Near Farrer Park MRT For Takeover
  • Premise Type N/A Premise Size 4800sqft
  • Monthly Rental S$10,000 Rental Desposit S$30,000
  • Revenue S$200K - 500K Cash Flow N/A
  • Gross Profit S$100K - 200K Net Profit S$50K - 100K
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established 2013
  • Owner Role Full Time Staff 5
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
  • ***Not inlcude in the selling price
Desmond Ang ERA
Email Owner
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Reason For Sale

Owner Going Oversea

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 Operation

24 hours
Business Hour
Support provided
Supporting and Training
Any skill
Background & Skills

Property Information

Rent
Premise Status
2years
Lease Term
Email Owner
Your Name*
Mobile Number*
Email*
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