Guest House for Sale in Reykjavík, Iceland
Luxury guest house for viewing the Northern Lights with 85% occupancy rate and 10 beds.
Premium Plan
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 250 thousand |
| Run Rate Sales | USD 300 thousand |
| EBITDA Margin | 40 % |
| Industries | Guest Houses |
| Locations | Reykjavík |
| Local Time | 8:09 PM Atlantic / Reykjavik |
| Listed By | Business Owner / Director |
| Status | Recently Active |
Full Sale
Asking Price:
USD
2.1 million
(Native Currency: ISK 290,000,000)
Reason: Owners want to sell this business to fund further personal investments abroad.
Includes physical assets worth
USD
1.44 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Customer Data
(19.2 KB)
Operating License
(338.8 KB)
Business Overview
- The business is a luxury rental guest house located in Reykjavík, offering a perfect retreat for groups and families.
- The guest house is in high demand because of its excellent location for viewing the Aurora Borealis.
- Its close proximity to the city is a key highlight, as it is one of the few places left near the city since new developments have been restricted.
- The property features a bed capacity to accommodate 10 guests per stay.
- Boasts an interior area of 130 sq m on 5,000 sq m of land.
- With a high demand during winters, the guest house commands a rent per night of up to 1,500 Euros.
- Enjoyed an impressive 85% occupancy rate last year.
- The property offers unique features such as a hot tub and sauna, and the living room has a 7m high ceiling, providing a luxurious experience for guests.
- Has minimal operational expenses, with the primary cost being cleaning, which accounts for approximately 10% of the revenue.
- With an average guest stay of 4 nights, the business is projected to end the year with a revenue of 250,000 euros, representing a steady increase from the previous year's revenue of 230,000 euros.
- We have the necessary license for operating homestay in Iceland, which is also a part of the business.
- The high valuation is driven by its prime location for viewing the Northern lights, its rare proximity to the city, and a high profit margin due to low operational costs.
- The guest house is in high demand because of its excellent location for viewing the Aurora Borealis.
- Its close proximity to the city is a key highlight, as it is one of the few places left near the city since new developments have been restricted.
- The property features a bed capacity to accommodate 10 guests per stay.
- Boasts an interior area of 130 sq m on 5,000 sq m of land.
- With a high demand during winters, the guest house commands a rent per night of up to 1,500 Euros.
- Enjoyed an impressive 85% occupancy rate last year.
- The property offers unique features such as a hot tub and sauna, and the living room has a 7m high ceiling, providing a luxurious experience for guests.
- Has minimal operational expenses, with the primary cost being cleaning, which accounts for approximately 10% of the revenue.
- With an average guest stay of 4 nights, the business is projected to end the year with a revenue of 250,000 euros, representing a steady increase from the previous year's revenue of 230,000 euros.
- We have the necessary license for operating homestay in Iceland, which is also a part of the business.
- The high valuation is driven by its prime location for viewing the Northern lights, its rare proximity to the city, and a high profit margin due to low operational costs.
Products & Services Overview
- The guest house’s prime service is its luxury stay, featuring top amenities like a hot tub and sauna, and a prime location.- Popular among groups and families seeking an upscale retreat for viewing the Northern Lights.
Assets Overview
The tangible asset includes the property with the house, interiors, hot tub and sauna.Intangibles are mainly business licenses and service contracts.
Facilities Overview
Owned property with two floors and a high ceiling designed for luxury with an interior area of 130 sq m and 5,000 sq m of total land area.Located in Mosfellsbær, a town in Reykjavík.
Capitalization Overview
The business is family owned with 2 partners being the owner and his spouse.There is no outstanding debt or liability.
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