Hostel For Sale
www.GlobalBX.com
Listing ID:
700171715
Listing Title:
Hostel For Sale
Quick Link:
http://www.globalbx.com/listing.asp?bId=171715
Industry:
Hotels and Holiday Accommodation
Industry Segment:
Other Hotels and Holiday Accommodation
Country:
United States
State / Province:
New Hampshire
Area
City:
Conwau
Asking Price Range:
< $250K
Gross Revenues:
$96,000
Cash Flow:
$49,386
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
1994
Number of Employees:
1 - 3
Business Description:
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
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