Award Winning Backpacker Hostel For Takeover
Posted March 28, 2018 at 2:18 pm by desmondangkh

Award Winning Backpacker Hostel For Takeover

Award Winning Boutique Backpacker Hostel @Race Course Road for Takeover
~Near Farrer Park MRT (8 Mins Walk)
~50 Beds , potentially can be increased to 60± beds
~4000sqft approx
∼Fully licensed, legally compliance to all authorities.
~3 Storey shophouse
~Nicely renovated @ more than $500k
~Rental @$9,000 -10000.
∼Awarded prestigious Best Hospitality Design in Asia Pacific Category by I-DEA
~Takeover hostel licence, award winning brand name, booking system, website, Facebook page, etc.
∼Transition support provided to new buyer
~Takeover Fee $300k nego, amount exclude 3 month rental deposit to Landlord.
∼Annual profit of $60k± with potential to increase to $90k±
∼Just need about 3± year to recover back your investment
~Full P&L and booking record can be disclosed for serious buyer
~SMS or Whatsapp Desmond @84485588 for more information. Thank you!

Details

Total Revenue
$300000-400,000
Gross Profit
$180000-210000
Net Profit
$60000 - 90000
Company Establish Year
2013
Ownership
Full-Time
Total no. of Employees
5
Reason for Letting Go
Going based in oversea
Physical Location Status
Near Farrer Park MRT Station
Rental Cost
$9000-10000
Rental Down Payment
$28000
Terms for Lease
Balance 2.5 years, can renew early
Physical Location Details
Near Farrer Park MRT Station
Facilities and Equipment
Award winning design
Competition Level
Stable Hotel Business
Potential for Expansion
Yes
Country
Singapore