Listing Id: 3371
Total Views: 15204
(Sold) Premium Hostel - Time To Sell
Central Area
Date Closed: 29/10/2017
Asking Price: S$200K - 500K
- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
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Premise Type
N/A
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Premise Size
N/A
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Monthly Rental
N/A
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Rental Desposit
N/A
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Revenue
> S$1M
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Liability
N/A
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Gross Profit
S$50K - 100K
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Net Profit
S$50K - 100K
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Stock
N/A
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FFE
N/A
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Payable
N/A
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Receivable
N/A
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Owner Role
Investor
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Staff
N/A
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Established
2012
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Source
Direct Seller
Reason For Sale
Its the right time to move on to the next venture
Description
This business has been build up over several years, establishing itself as simply the best hostel in Singapore. Reluctantly I am now looking to sell the business and move on. Looking to sell to a person who has the industry experience and energy needed to take the hostel to the next level. All the ground work is done, fully automated booking, great web presence, established brand that attracts the right guest. Multi award winning. Make no mistake, running a hostel is hard work, but the rewards are their for a small team who can put their stamp on what is already a very sound business. Not wanting to waste time with dreamers, but if you are serious to buy, I am serious to sell.
Business Operation
Yes, seller financing is available.
Some form of financing may be available to a qualified purchaser, but prefer a straight sale.
Seller Financing
Singapore