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Listing Id: 4252 Last Refreshed: 28/02/2021 11411 Views

Backpacker Hostel For Sale

Closed
Asking Price <span class='currency'>S$</span>600,000
This business has been Sold

This listing is no longer accepting enquiries. Browse similar businesses currently available for sale.

Overview

Financial Performance

Monthly Figures
Revenue
S$20K - 50K
Gross Profit
S$20K - 50K
Net Profit
S$10K - 20K
Monthly Rentalt
S$9,100

Business Operations & Assets

Staff
1 Employees
Year of Incorporation
3042008
Owner Role
Full Time
Premise Status
Rent
Rental Deposit
S$27,000
Premises Details
2 shophouses merging to each other, very unique property.

Business Details

Reason For Sale

4 business partners looking to go on our own.

Description

Selling a very unique backpacker hostel in the streets of little india. If you love travelling, just like we do, its a business you surely want to go into. You will be on holiday everyday meeting new tourist who comes to visit singapore. The hotel licensing board is also no longer issuing a hostel-hotel license. So be sure that, only exisiting hostel have and are licensed. We a glad to be one of the licensed one. With the concept of art gallery, we  have painting and art sculptures in the hoestel, not only that we have a good vibes with the ARTs in the hostel. Please contact me for further discussion. owned by young entrepenuers for more than 3 years we are ready to move on.

Facilities

dance studio, veranda , backyard

Competition

prices from 2 neighbours can be competitive but still manageable.

Expansion Potential

expansion to the 2nd floor.

Buyer Support & Terms

Support and Training

we will guide you with the marketing and reservation. don't worry.

Background & Skills

travellers, young and energetic entrepeneurs
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