Serviced Apartment for Sale in Limassol, Cyprus
For Sale: Backpacker hostel in Limassol with 80% occupancy, 24 beds and high season demand.
| Established | 1-5 year(s) |
| Employees | < 2 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 134 thousand |
| Run Rate Sales | USD 134 thousand |
| EBITDA Margin | 40 % |
| Industries | Serviced Apartments |
| Locations | Limassol |
| Local Time | 2:56 PM Europe / Istanbul |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
112 thousand
(Native Currency: EUR 100,000)
Reason: The owner wants to retire from the business.
Includes physical assets worth
USD
56 thousand
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Business Overview
- This business operates a backpacker hostel located in the vibrant city of Limassol, Cyprus, catering to budget-conscious travelers seeking affordable accommodation.
- The hostel spans four floors, including a ground floor parking area and three floors dedicated to guest rooms.
- Designed to host multiple travelers, the hostel features 24 beds spread across four spacious rooms, offering a communal and social lodging experience.
- Essential facilities such as a kitchen and dining area are available, providing guests the convenience to prepare their meals.
- The hostel maintains an impressive occupancy rate of 80%, highlighting its popularity among visitors, especially during the peak season from May to September.
- Managed by a single permanent staff member, who is also the owner, the hostel occasionally employs additional staff for maintenance needs, allowing for cost optimization and efficient operations.
- Revenue generation primarily stems from room bookings, with increased earnings during peak months when tourist footfall is at its highest.
- The hostel spans four floors, including a ground floor parking area and three floors dedicated to guest rooms.
- Designed to host multiple travelers, the hostel features 24 beds spread across four spacious rooms, offering a communal and social lodging experience.
- Essential facilities such as a kitchen and dining area are available, providing guests the convenience to prepare their meals.
- The hostel maintains an impressive occupancy rate of 80%, highlighting its popularity among visitors, especially during the peak season from May to September.
- Managed by a single permanent staff member, who is also the owner, the hostel occasionally employs additional staff for maintenance needs, allowing for cost optimization and efficient operations.
- Revenue generation primarily stems from room bookings, with increased earnings during peak months when tourist footfall is at its highest.
Products & Services Overview
This business offers affordable hostel accommodation in Limassol, Cyprus, primarily catering to budget-conscious travelers and individuals relocating for temporary employment opportunities from neighboring countries such as Ukraine, Greece, and Poland. Guests include both men and women.Operating with 24 beds in four shared rooms, the hostel provides a social, communal living experience complemented by shared kitchen and dining facilities.
Assets Overview
Physical assets include beds, cupboards, A/Cs, CCTV, smart locks, Wi-Fi, both solar and electric water heaters.
Facilities Overview
The business operates from a rented 200 sqm facility in Polemidia, Limassol. Monthly rent is EUR 1,500.
Capitalization Overview
Self-funded.No outstanding loans or liabilities.
There is 1 owner in the business.
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