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Businesses For Sale   >>   Panama City Businesses For Sale   

Minihostels.com Looking For Capital

Location  Panama City, Cocos (Keeling) Island
Asking Price Range  $500K - $1.0M
Gross Revenues  $35000
Net Profit / Cash Flow  $100000
Cash Flow Type  EBITDA
Seller Finance  No
Year Established  2007
Number of Employees  6 - 9
Relocatable  Yes
Number of Employees  6 - 9
Real Estate  Owned
Reason for Sale  Selling for capital in order to expand the company.

Description  
MiniHostels' proprietary technology (reservation system, booking widgets, back-end operations and web site developer) enables us to provide cutting edge marketing and expansion plans for our hostels while serving both MiniHostels affiliates and the entire budget-travel network, including 1 and 2 star hotels, B&Bs, and Guest Houses around the world. The name of the company, ''Mini'' Hostels was created based on the age-old concept that good things come in small packages. All hostels within the MiniHostels network are high quality facilities within safe locations. They are not big storage-room boarding houses, but rather quaint, custom-designed accommodations that offer a wide range of traveler services to a growing demographic. True today the: 05-20-2010 - August 2009: Launched our MH Online Reservation System (Over 9,000 beds booked) - September 2009: Launched our Mini-site Program (Over 1000 Mini-sites created, within 8 months) - December 2009: Launched our Affiliate Program (Over 100 affiliates and counting) All previous marketing for MH has been guerrilla marketing due to our capital situation. All capital in MH has been raised internally. Although financially limited, we have successfully created low-cost marketing strategies to build our brand and create the right buzz. Contact for more information on this business for sale.


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