Listing Id: 921
Total Views: 39310
(Sold) Sale Backpackers Hostel Business Little India, Singapore
Singapore
Date Closed: 23/08/2014
Asking Price: S$600,000
- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
-
Premise Type
N/A
-
Premise Size
-
Monthly Rental
S$0
-
Rental Desposit
N/A
-
Revenue
S$100K - 200K
-
Liability
N/A
-
Gross Profit
N/A
-
Net Profit
N/A
-
Stock
N/A
-
FFE
N/A
-
Payable
N/A
-
Receivable
N/A
-
Owner Role
Investor
-
Staff
8
-
Established
2012
-
Source
Direct Seller
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.
_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.
Business Operation
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
Support and Training
Property Information
Yes, it can relocate to other place
Relocatable
Singapore