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Listing ID: 998188

Backpackers Hostel Business in Little India For Sale

Little India, Singapore

BUSINESS SOLD

Revenue: SGD 1m to 5m

Cash Flow: SGD 100k to 250k

Business Description

Possess a trophy business! Hostel runs like a hotel!
TripAdvisor rate 4.5 / 5 Stars for 2014.

-ON OFFER $$$
One of largest backpackers hostel in Little India, Singapore. Asking SGD$540k. Owner let go all his shares in the business. Sale of Company Shares with Full Buyout possible. This is definitely a valuable proposition. An opportunity to enter hostel trade with low exposure.

- ABOUT BUSINESS
Hostel is located in Tourist Area. More than 100 beds. Many different room types (dormitories to private rooms). Suitable for all kinds of travellers (family, couples, children, group) overseas and local.
Operated only for a few years. More than 60% of Tenancy left. Renewable.
Established business and networks. Established online presence with booking sites. Already working with other local tourist-related operators. Serves individuals, groups and corporate customers.
Professionally run by experienced team. Multiple business revenue types.
Business revenue takes care of expenses like rental.

- PREMISE
Chic and modern design. Premise is Well maintained (Almost new condition!). Well decorated. Above average facilities. Card access system. New additions to fixtures and features to business recently 2014. Safe and clean environment. Nearby plenty of tourist landmarks. Positive media reviews.

- SHOULD I INVEST???
Plenty of potential for Growth. Honest owner looking for Serious buyer to bring business to next level.
New investors unfamiliar with hostel trade fret not. No steep learning curve. No need to start from scratch. Business operations is independent. Any further support will be given.
Very suitable for investors already in tourism business.

- FOR WHOM
Anybody can buy. Foreigners welcome (even for those applying for EntrePass). Negotiable Price. Agents NOT welcome. *More information to share with serious investors contact below.

Please contact seller below to find out more.

Property Details

Size:

12000 sqf

Years Established:

2012

Property Type:

Lease

Other Details

Business Location:

Little India Near Dickson Road

Living Accommodation?

Yes

Operation Details

Employees:

8

Trading Hours:

24 Hours

Support & Training:

Yes if necessary.

Relocatable:

Business Relocatable

Miscellaneous

Reason For Selling:

Owner Require Cashflow. Will Exit Business

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