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Serviced Apartment for Sale in Medellín, Colombia

Acquire a vibrant Medellín hostel business with 5 dormitories, event space, and a cool atmosphere.

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
Overall Rating
Full Sale
Asking Price: USD 35 thousand (Native Currency: COP 150,000,000)
Reason: As a foreign investor, the promoter is exiting Colombia due to a lack of personal interest. The busi... View More
Includes physical assets worth USD 17.4 thousand
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Business Overview
- Prime location: The hostel is strategically positioned between the vibrant Boston neighborhood and the Centro Histórico of Medellín, offering guests easy access to historical sites, bustling markets, and the convenient light train/metro.
- 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.
Products & Services Overview
The hostel offers hospitality services with a capacity to accommodate up to 28 guests. Additional services include organizing local events, food sales, and guided tours.
Assets Overview
Tangible assets:
- 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.
Facilities Overview
The property spans 400 sqm and includes five dormitories, a spacious lobby entrance, a kitchen, two common rooms, a laundry room, and a patio.
There is an option to acquire the second floor.
Capitalization Overview
The business is self-funded by the promoter.
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
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20 Buyers viewed this Business this week. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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