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Listing ID: 903 Total Viewed: 6

One Of Largest Backpacker Hostel Biz (Little India) For Takeover (Sold)

Singapore

Asking Price : SGD540,000

Revenue: SGD100K - 200K

Cash Flow: SGD100K - 200K

Payable: Not Disclosed

Established: 2012

Gross Profit: Not Disclosed

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Investor

Net Profit: Not Disclosed

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 8

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

***NOT included in asking price

Reason To Sell
Exit Business. Require Cashflow
Business Description

Possess a trophy business! Hostel runs like a hotel! 

TripAdvisor rate 4.5 / 5 Stars for 2014.

ON OFFER

One of largest backpackers hostel in Little India, Singapore. Asking SGD$540k from direct investor. Owner let go all his shares in the business and exit, looking to recover some capital investments. Sale of partial company shares (40%). Full Buyout possible. This is definitely a valuable proposition. An opportunity to enter hostel trade with low exposure.

ABOUT BUSINESS
Hostel is located in Tourist Area. More than 200 beds. Many different room types (dormitories to private rooms). Suitable for all kinds of travellers (family, couples, children, group) overseas and local.
Operated only for a few years. More than 3.5 years of Tenancy left. Renewable.

Established business and networks. Established online presence with booking sites. Already working with other local tourist-related operators. Serves individuals, groups and corporate customers.

Professionally run by experienced team. Multiple business revenue types.
Business revenue takes care of expenses like rental.


PREMISE
Chic and modern design. Appealing to Caucasians.
Premise is Well maintained (Almost new condition!). Well decorated. Above average facilities. Card access system. New additions to fixtures and features to business recently 2014. Safe and clean environment. Nearby plenty of tourist landmarks. Positive media reviews.

SHOULD I INVEST?

Plenty of potential for Growth. Honest owner looking for Serious buyer to bring business to next level.
New investors unfamiliar with hostel trade fret not. No steep learning curve. No need to start from scratch. Business operations is independent. Any further support will be given. Assets owing to investor will be in excess of $350k.


FOR WHOM

Very suitable for investors already in tourism business.
Anybody can buy. Foreigners welcome (even for those applying for EntrePass). Negotiable Price. Agents NOT welcome. *More information to share with serious investors.

Business Operations
Business Hour:
24 Hours
Preferred Skills:
Tourism-related business owners.
Supporting and Training:
No training necessary. Support provided
Staff:
8 Local
Property Information
Premise Status:
Rent
Rental Fee:
SGD0
Relocatable:
Yes, it can relocate to other place

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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