– 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.