Businesses For Sale in SingaporeSingapore

Listing ID: 921
Total Viewed: 36930
Last Refreshed: 19/09/2018

Sale Backpackers Hostel Business Little India, Singapore (Sold)


Asking Price : SGD600,000

Revenue: SGD100K - 200K

Cash Flow: SGD100K - 200K

Payable: Not Disclosed

Established: 2012

Gross Profit: Not Disclosed

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Investor

Net Profit: Not Disclosed

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 8

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average

Reason To Sell
Exit Business. Require Cashflow
Business 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.<o:p></o:p>

Business Operations
Business Hour:
24 Hours
Supporting and Training:
No training necessary. Support provided
8 Local
Property Information
Premise Status:
Rental Fee:
Yes, it can relocate to other place
Other Information
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

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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