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Listing ID: 1300 Total Viewed: 2

Backpackers Hostel For Sale (Sold)

Serangoon, Singapore

Asking Price : SGD300,000

Revenue: SGD50K - 100K

Cash Flow: SGD50K - 100K

Payable: Not Disclosed

Established: 2008

Gross Profit: SGD20K - 50K

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: SGD10K - 20K

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
Owner re-locating to USA
Business Description

Excellent Location

Fully fitted

Award winning, Fully licensed

Backpackers Hostel for Sale

Owners re-locating to USA.

Business Operations
Business Hour:
24 / 7 / 365
Preferred Skills:
Passion for the Backpackers industry. Knowledge about the Tourism and Hostel industry is an added advantage besides regular business acumen.
Supporting and Training:
After sales full support and training will be provided
Staff:
6 Local, 2 Foreigners
Property Information
Premise Status:
Rent
Premise Size:
10500sqft
Rental Fee:
SGD40,000
Rental Deposit:
SGD70,000 (NOT included in selling price)
Lease Term:
36 Months from 1st November 2013 to 31st October 2016
Premises Detai:
Conservation Building Located in Historical District of Little India Heavy tourist inflow.
Relocatable:
Yes, it can relocate to other place
Other Information
Facilities:
Very near to Farrer Park MRT Lift facility Private ensuite bathroom in majority rooms.
Competition:
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.
Expansion Potential:
Highly potential for expasion and acquisition of similar projects.

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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