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Listing Id: 1300 Total Views: 18773

(Sold) Backpackers Hostel For Sale

Serangoon

Date Closed: 28/01/2015

Asking Price: S$300,000
  • Premise Type N/A Premise Size
  • Monthly Rental S$40,000 Rental Desposit S$70,000
  • Revenue S$50K - 100K Liability N/A
  • Gross Profit S$20K - 50K Net Profit S$10K - 20K
  • Stock N/A FFE N/A
  • Payable N/A Receivable N/A
  • Owner Role Full Time Staff 6
  • Established 2008 Source Broker
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average

Reason For Sale

Owner re-locating to USA

Description

Excellent Location
Fully fitted
Award winning, Fully licensed
Backpackers Hostel for Sale
Owners re-locating to USA.

Business Operation

24 / 7 / 365
Business Hour
Very near to Farrer Park MRT
Lift facility
Private ensuite bathroom in majority rooms.
Facilities
Because of its unique features no heavy competitions experienced. No more Backpackers hostel license will be provided by URA for the next couple of years. So less competition.
Competition
Highly potential for expasion and acquisition of similar projects.
Expansion Potential
After sales full support and training will be provided
Support and Training
Passion for the Backpackers industry. Knowledge about the Tourism and Hostel industry is an added advantage besides regular business acumen.
Background & Skills

Property Information

Rent
Premise Status
36 Months from 1st November 2013 to 31st October 2016
Lease Term
Conservation Building
Located in Historical District of Little India
Heavy tourist inflow.
Premises Details
Yes, it can relocate to other place
Relocatable

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