Posted January 20, 2021 at 5:02 pm by piermar

9-year old hostels & lodging company operating 2 locations in Singapore.

– Renowned Singapore based hostels and lodging chain brand.

– Brand is almost 10 years old with a lot of goodwill in the industry.

– Business has 2 hostels in 2 distinct prime locations in the heart of the touristic area. (close to major MRT stations).

– One of the hostels has been recently renovated.

– Have a total bed strength of 141 beds.

– Option to acquire rights and start a third hostel with 60 beds.

– Room for future expansion and growth.

– Served guests from more than 165 countries till date.

– Great guest rating score and an occupancy rate of 85-90%.

– One of the top-performing sellers on all major OTAs.

– Business is fully licensed (URA, SCDF, HLB) and not subjected to TDL (Temporary Development Levy)

– Sales have dropped due to fewer bookings as a result of the pandemic.

– Business is clear of debts and we will offer complete support during the transition period.

Singapore is a great country to do business. Be your own boss by taking over an existing business than starting a new business if you are unsure how to start a company. Business for sale in Singapore is your best choice and you can look for our business broker for assistance or business advisor to advise you further in your business needs.