Singapore  Singapore

Sell a Business

Listing ID: 3203 Last Refreshed: 07/05/2019 Total Views: 10558

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

Central Area

Asking Price: S$580,000
Top Hostel In Central Singapore. Established Brand, Strong Following And Revenue
  • Premise Type N/A Premise Size N/A
  • Monthly Rental N/A Rental Desposit N/A
  • Revenue N/A Cash Flow N/A
  • Gross Profit N/A Net Profit N/A
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established 2011
  • Owner Role Part Time Staff 5
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
  • ***Not inlcude in the selling price
julie
Email Owner
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Reason For Sale

Partner is relocating

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 Operation

Great regional expansion opportunity with strong intra region return guests...
Expansion Potential
Yes, seller financing is available.
Financing

Property Information

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