Singapore  Singapore

Sell a Business

Listing ID: 1300 Last Refreshed: 26/05/2019 Total Views: 16204

Backpackers Hostel For Sale

Serangoon

Asking Price: S$300,000
  • Premise Type N/A Premise Size 10500sqft
  • Monthly Rental S$40,000 Rental Desposit S$70,000
  • Revenue S$50K - 100K Cash Flow S$50K - 100K
  • Gross Profit S$20K - 50K Net Profit S$10K - 20K
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established 2008
  • Owner Role Full Time Staff 6
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
VIJI JAGADEESH JVKM CONSULTANTS PTE. LTD.
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Reason For Sale

Owner re-locating to USA

Description

Excellent Location

Fully fitted

Award winning, Fully licensed

Backpackers Hostel for Sale

Owners re-locating to USA.

Business Operation

24 / 7 / 365
Business Hour
Very near to Farrer Park MRT Lift facility Private ensuite bathroom in majority rooms.
Facilities
Because of its unique features no heavy competitions experienced. No more Backpackers hostel license will be provided by URA for the next couple of years. So less competition.
Competition
Highly potential for expasion and acquisition of similar projects.
Expansion Potential
After sales full support and training will be provided
Supporting and Training
Passion for the Backpackers industry. Knowledge about the Tourism and Hostel industry is an added advantage besides regular business acumen.
Background & Skills

Property Information

Rent
Premise Status
36 Months from 1st November 2013 to 31st October 2016
Lease Term
Conservation Building Located in Historical District of Little India Heavy tourist inflow.
Premises Details
Yes, it can relocate to other place
Relocatable

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