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Hostel For Sale
Location: United States -> New Hampshire -> Conwau
Industry: Hotels and Holiday Accommodation > Other Hotels and Holiday Accommodation




Business Summary

A 30 dorm bed, 5 private room Hostel business with owner's quarter for sale. This is a unique business because it is the only hostel in the area. The location is in a prime vacation destination for outdoor enthusiast. We will sell the business for $65,000 with a guaranteed 4 years lease with option to renew or purchase building or we will sell both business and building for $515,000. The building has an additional three apartments rental that has for the last five years generated $26,400 per year. The hostel business averages $96,000 per year with an avearage Net Operation Income (NOI) of $49,386 per year. Owners are re-locating and have had a hostel manager for over eight years. Owner will consider owner financing for business.

Requirement for financing:
-Credit score about 710
-$15,000 initial deposit
-Business experience very helpful


Financials

Asking Price Range:  < $250K
Gross Revenues:   $96,000
Cash Flow:   $49,386
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $15,000
Seller Financing:  Yes

About The Business

Year Established:  1994
Number of Employees:  1 - 3
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Lease

About The Sale

Management Training and Support:  Yes.
Reason For Selling:  Relocating to another area.

Photos

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Hostel For Sale Photo 1 Hostel For Sale Photo 2 Hostel For Sale Photo 3




Print Listing Id: 700171715
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Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

Also See: Franchise Opportunities > Franchise Resales > New Hampshire Businesses For Sale > New Hampshire Franchises For Sale > New Hampshire Business Brokers



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