Singapore

Sell a Business

Listing ID: 903 Last Refreshed: 26/04/2019 Total Views: 30361

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

Singapore

Asking Price: S$540,000
  • Premise Type N/A Premise Size N/A
  • Monthly Rental S$0 Rental Desposit N/A
  • Revenue S$100K - 200K Cash Flow S$100K - 200K
  • Gross Profit N/A Net Profit N/A
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established 2012
  • Owner Role Investor Staff 8
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
  • ***Not inlcude in the selling price
Mervin Oh

Reason For Sale

Exit Business. Require Cashflow

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 Operation

24 Hours
Business Hour
No training necessary. Support provided
Supporting and Training
Tourism-related business owners.
Background & Skills

Property Information

Rent
Premise Status
Yes, it can relocate to other place
Relocatable