Listing Id: 1300
Total Views: 18887
(Sold) Backpackers Hostel For Sale
Serangoon
Date Closed: 28/01/2015
Asking Price: S$300,000
- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
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Premise Type
N/A
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Premise Size
-
Monthly Rental
S$40,000
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Rental Desposit
S$70,000
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Revenue
S$50K - 100K
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Liability
N/A
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Gross Profit
S$20K - 50K
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Net Profit
S$10K - 20K
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Stock
N/A
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FFE
N/A
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Payable
N/A
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Receivable
N/A
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Owner Role
Full Time
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Staff
6
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Established
2008
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Source
Broker
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
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
Singapore