Serviced Apartment for Sale in Singapore
For Sale: 9-year old hostels & lodging company operating 2 locations in Singapore.
This transaction has concluded.
| Established | 10-20 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 233 thousand |
| Run Rate Sales | USD 520 thousand |
| EBITDA Margin | 20 - 30 % |
| Industries | Serviced Apartments |
| Locations | Singapore |
| Local Time | 9:57 PM Asia / Singapore |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
350 thousand
(Native Currency: SGD 450,000)
Reason: To focus on other business activity.
Includes physical assets worth
USD
350 thousand
Interested to connect with advisors
Documents
Domain-Verification.pdf
(213.2 KB)
ACRA Certificate
(277.0 KB)
Business Overview
- Renowned Singapore based hostels and lodging chain brand.
- Brand is almost 10 years old with a lot of goodwill in the industry.
- The hostel is located in a prime locations in the heart of the tourist area. (close to major MRT station).
- Property has been recently renovated.
- 63 beds.
- Option to acquire rights and start a third hostel with 60 beds.
- Room for future expansion and growth.
- Served guests from more than 165 countries till date.
- Great guest rating score and an occupancy rate of 85-90%.
- One of the top-performing sellers on all major OTAs.
- Business is fully licensed (URA, SCDF, HLB) and not subjected to TDL (Temporary Development Levy)
- Sales have dropped due to fewer bookings as a result of the pandemic.
- Business is clear of debts and we will offer complete support during the transition period.
- Brand is almost 10 years old with a lot of goodwill in the industry.
- The hostel is located in a prime locations in the heart of the tourist area. (close to major MRT station).
- Property has been recently renovated.
- 63 beds.
- Option to acquire rights and start a third hostel with 60 beds.
- Room for future expansion and growth.
- Served guests from more than 165 countries till date.
- Great guest rating score and an occupancy rate of 85-90%.
- One of the top-performing sellers on all major OTAs.
- Business is fully licensed (URA, SCDF, HLB) and not subjected to TDL (Temporary Development Levy)
- Sales have dropped due to fewer bookings as a result of the pandemic.
- Business is clear of debts and we will offer complete support during the transition period.
Products & Services Overview
Fully furnished accommodation to individual guests, groups, tourists with convenience/minimart, tours and excursions.
Assets Overview
Brand name, fixed assets (furniture, fixture, beds, electronic equipment), customer list, goodwill, website, current staff, social media accounts.
Facilities Overview
Leased facilities on prime location close to public transport hubs and touristic spots. Long lease agreements (renewable).
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysAssistant Manager, Culinary Training Institute, Singapore, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Digital, Singapore, Individual Investor / Buyer connected with the Business
Tags:
Self-Catering Accommodation for Sale in Singapore
·Purchase Self-Catering Accommodation in Singapore
·Serviced Accommodation for Sale in Singapore
·Buy Self-Catering Accommodation in Singapore
·Purchase Serviced Accommodation in Singapore
·Serviced Apartment for Sale in Singapore
·Purchase Serviced Apartment in Singapore
·Buy Serviced Accommodation in Singapore
·Student Hostel for Sale in Singapore
·Self-Catering Accommodation for Sale
·Purchase Student Hostel in Singapore
·Buy Serviced Apartment in Singapore
·Serviced Accommodation for Sale
·Buy Student Hostel in Singapore
·Hostel for Sale in Singapore
·Purchase Hostel in Singapore
·Serviced Apartment for Sale
·PG for Sale in Singapore
·Purchase PG in Singapore
·Student Hostel for Sale
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.
