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Businesses For Sale   >>   Other Hotels and Holiday Accommodation Businesses For Sale

Hostel For Sale

Location  New Hampshire,United States
Asking Price Range  < $250K
Gross Revenues  $96000
Net Profit / Cash Flow  $49386
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1994
Number of Employees  1 - 3
Inventory  15000
Relocatable  Yes
Number of Employees  1 - 3
Real Estate  Owned
Training  Yes.
Reason for Sale  Relocating to another area.

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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