Listing Id: 3203
Total Views: 17153
(Sold) Top Hostel In Central Singapore. Established Brand, Strong Following And Revenue
Central Area
Date Closed: 04/01/2018
Asking Price: S$580,000
- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
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Premise Type
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Premise Size
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Monthly Rental
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Rental Desposit
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Revenue
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Liability
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Gross Profit
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Net Profit
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Stock
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FFE
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Payable
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Receivable
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Owner Role
Part Time
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Staff
4
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Established
2011
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Source
Direct Seller
Reason For Sale
Partner is relocating
Description
With all required license from local agencies - 5 years in operation. (i.e. hotel license, fire license etc)
Total of ~75 beds with 3 floors of private and dorm rooms. Potential to adjust rooming configurations.
Top 10 ranking in TripAdvisor and great reviews in all OTA sites.
Very strong brand positioning and established name among travelers and long standing partnerships with youth travel and language schools. Great regional expansion opportunity.
Stable business with 5 years of audited accounts. (smooth application for work / employment pass for foreign staff and management)
Established in 2011, this business has been a long time favourite in the backpacking/hostel scene.
A key business partner is relocating out in late-2016, and the partners are now looking for suitable buyers to take over or buy into the company.
This is ideal for someone looking to relocate to Singapore or with time and focus to grow an already established business further to its true potential.
Asking SGD 500,000 – SGD 600,000
Owner finance option is also possible.
Please contact us for more details with an introduction of yourself or organization.
Business Operation
Great regional expansion opportunity with strong intra region return guests...
Expansion Potential
Yes, seller financing is available.
Seller Financing
Singapore