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Listing ID: 3203
Total Viewed: 2176
Last Refreshed: 04/01/2017

Top Hostel In Central Singapore. Established Brand, Strong Following And Revenue

Central Area, Singapore

Asking Price : SGD580,000

Revenue: Not Disclosed

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 2011

Gross Profit: Not Disclosed

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Part Time

Net Profit: Not Disclosed

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 7

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

***NOT included in asking price

Reason To Sell
Partner is relocating
Business Description

With all required license from local agencies - 5 years in operation.  (i.e. hotel license, fire license etc)

 Total of ~75 beds with 3 floors of private and dorm rooms. Potential to adjust rooming configurations.

Top 10 ranking in TripAdvisor and great reviews in all OTA sites.

Very strong brand positioning and established name among travelers and long standing partnerships with youth travel and language schools. Great regional expansion opportunity.

Stable business with 5 years of audited accounts. (smooth application for work / employment pass for foreign staff and management)

Established in 2011, this business has been a long time favourite in the backpacking/hostel scene.

A key business partner is relocating out in late-2016, and the partners are now looking for suitable buyers to take over or buy into the company.

This is ideal for someone looking to relocate to Singapore or with time and focus to grow an already established business further to its true potential. 

 

Asking SGD 500,000 – SGD 600,000

Owner finance option is also possible.

 

Please contact us for more details with an introduction of yourself or organization.


Business Operations
Staff:
4 Local, 2 Foreigners, 1 Part Time
Property Information
Premise Status:
Rent
Other Information
Expansion Potential:
Great regional expansion opportunity with strong intra region return guests...
Seller Financing Available:
Yes

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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