Listing Id: 30717
Last Refreshed: 15/07/2024
Total Views: 2415
(On Hold)Profitable Backpacker Hostel Business For Sale (Can Register Work Permit Address)
Bukit MerahBusiness Real Estate For SaleHostelsHotels
Asking Price: Price On Request
Business For Takeover
Look For Investor
Look For Partner
- Overview
- Reason For Sale
- Description
Overview
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Premise Type
Commercial Street
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Premise Size
2314 sqft / 215 sqm
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Monthly Rental
N/A
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Rental Desposit
N/A
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Revenue
N/A
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Liability
N/A
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Gross Profit
N/A
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Net Profit
N/A
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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
N/A
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Established
N/A
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Source
Direct Seller
Reason For Sale
To focus on family commitments and other businesses
Description
Hi all, this is Eva and i am the sole agent marketing this profitable backpacker hostel business for sale.
-Hospitality properties available for rent/sale are scarce in Singapore and converting bare shophouses into hotels/hostels requires high upfront costs (renovation, authorities' submissions, SCDF/BCA compliances etc) and the application processes can be rather lengthy as well.
-This hostel is located in Jalan Bukit Merah and is only a short ride to the CBD area via many available bus options around the vicinity.
-It is approved as a 2 storey backpacker hostel and comes with the full set of licenses (Fire Safety Certificate (FSC), Hotel License and URA approved backpacker usage).
-Buyer can choose to buy over the company or register a new company and buyer can also choose to take over the contracts of the existing guests or request for vacant possession to place their own guests.
Please contact me directly for further discussion on the selling price and P&L, thank you!
Eva Lau, ERA Realty Network Pte Ltd, CEA Reg R062169F, +65 92785688
Singapore