Serviced Apartment for Sale in Medellín, Colombia
Established | 5-10 year(s) |
Employees | 2 - 5 |
Legal Entity | Other |
Reported Sales | USD 20 - 30 thousand |
Run Rate Sales | USD 33.5 thousand |
EBITDA Margin | 10 - 20 % |
Industries | Serviced Apartments |
Locations | Medellín |
Local Time | 6:09 AM America / Bogota |
Listed By | Business Owner / Director |
Status | Active |
- Diverse accommodation: With a capacity to host 28 guests, the hostel provides flexible lodging options, including both private and shared rooms, catering to a wide array of traveler preferences.
- Unique appeal for younger travelers: The hostel's cool and friendly atmosphere encourages guests to extend their stays, enhancing the potential to attract repeat visitors.
- Seasonal demand: Peak occupancy rates are observed during key cultural events such as December's Año Nuevo and the August Feria de las Flores, as well as consistently high between March and June.
- Multi-service offering: Beyond accommodations, the hostel expands its revenue streams by organizing local events, facilitating food sales, and offering guided tours, appealing to experiential travelers.
- Intimate scale business: Managed by a small dedicated team of three employees, the hostel maintains personalized services and a communal atmosphere, setting itself apart from larger establishments.
- Event-ready space: Designed to host events, the hostel serves as a versatile venue for both tourists and locals, tapping into Medellín's lively cultural scene.
- 30 very modern single beds (as cabins)
Six imported from Singapore are packed and never opened + 2 double beds for a private room.
- Sitting places made of wood.
- Laundry and dryer tower.
- Interiors, furniture and other equipment.
Intangible assets:
- The well-operated hostel.
- Hostel reputation.
- Legal registration as a company (with bank registration, the business can get paid by credit cards).
- Sales channels registrations, including a PMS for 8 months.
- Local assistance.
- Three rooms have been fully renovated recently.
There is an option to acquire the second floor.