Singapore  Singapore

Sell a Business

Listing ID: 921 Last Refreshed: 26/05/2019 Total Views: 37530

Sale Backpackers Hostel Business Little India, Singapore

Singapore

Asking Price: S$600,000
Sale Backpackers Hostel Business Little India, Singapore
  • 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

<span style="font-size: 10pt; line-height: 115%; font-family: Arial, sans-serif; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;">Possess a trophy business!
Hostel runs like a hotel! TripAdvisor rate 4.5 / 5 Stars for 2014.<span style="font-size: 10pt; line-height: 115%; font-family: Arial, sans-serif;">

_One of
largest backpackers hostel in Singapore. Asking $600k. Owner let go all his shares
in the business. Sale of Company Shares with Full Buyout possible. This is
definitely a valuable proposition. An opportunity to enter hostel trade with
low exposure.




_Hostel
is located in Tourist Area. More than 100 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 60% 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.




_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.




_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.


_Very
suitable for investors already in tourism business.




_Anybody
can buy. Foreigners welcome (even for those applying for EntrePass). Negotiable
Price. Agents welcome. This is a listing for sale of partial company shares. *More information to share with serious investors.
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Business Operation

24 Hours
Business Hour
Clean street. Uncluttered environment. Near to the Hot tourist spots. Sightsee nearby Indian Temple, Chinese Temple, little market streets, near City Hall, Bugis. Near to the No.1 leading electronics mall Sim Lim Square in Singapore. Plenty of choices of food from North Indian, Vegetarian, Asian. Drinking Pubs nearby. Walking distance to other drinking holes at nearby streets like Desker Rd, Race Course Rd, Arab Street, Haji Lane, Jalan Sultan Rd. Shopping Malls like Mustafa Centre, City Square Nearby authentic massage / spa
Facilities
No training necessary. Support provided
Supporting and Training

Property Information

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

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