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Businesses For Sale   >>   Hotels Businesses For Sale

New Budget Hotel For Sale

Location  Malaysia
Asking Price Range  < $250K
Gross Revenues  $360000
Net Profit / Cash Flow  $360000
Cash Flow Type  EBITDA
Seller Finance  No
Year Established  2009
Number of Employees  4 - 5
Relocatable  No
Number of Employees  4 - 5
Real Estate  Leased
Reason for Sale  Owner relocating urgently.

Description  
Small budget hotel for sale with 20 letting rooms, centrally located in Kuala Lumpur city. Owner relocating, want sell at the earliest. It is leased building for up to 10 years. Started Feb 2009 running smoothly with online and average occupancy rate expected 80% by the end of the year. Average net revenue rm 180,000 70% occupancy. Currently going on 65%. 70% are internet bookings. Possibility of adding up rooms. Asking price 650k rm. Document transfer required time 7 days maximum.


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