Always Full Super Hostel in Perfect Location of Melrose&Hollywood

Pacific

PICTURE OF OUR ROOMS
Contact Seller

Asking Price: $69,000

Cash Flow: $9,000

Gross Revenue: $19,500

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $4,500 /Month

Established: 2016

Always Full Super Hostel in Perfect Location of Melrose&Hollywood

Save Print Share Valuation Report

Business Description

Always Full Super Hostel in Perfect Location of Melrose&Hollywood

Hello,

This is a house that we fully furnished. We are willing to sell our business because the owner is moving out of the country. We always have %95 full condition of tenants in the house. This house is not for the sell-We are selling the business inside. If you want to purchase the business, then you will have all the tenants we have inside. House rent is $4,500 and we have 33 tenants inside now. Capacity is 35 people. Each tenant pays about $500-$600-$700. We also get extra fee for parking spot and we have 7 car capacity in the parking. We have 12 rooms in the house.If you want , you can also get the lease under your name/business name. It is so easy to get a business license for this housing/hostel business.Also, we will always be helping you about this hostel business. We can give free training about 3 weeks. We have 1 employee who gets $1,500 monthly and you can work with that person if you like. We have camera recording system inside. We have 4 fridges inside. House is 2 floors.We have all the kitchen/bathroom supplies that people will need. Our business has been active about 3 years from now. Average monthly income is $19,500. Net monthly income is $9,000. Utilities are about $650 monthly. Please let me know if you have any questions. I can schedule a tour for you to see the place. Thank you!

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,700
Lease Expiration:
8/1/2021
Employees:
1
Facilities:
Landlord take care of the maintenance problems.
Competition:
There is no competition as long as you keep up with your business.
Growth & Expansion:
Capacity is 35 and is already fair enough for this place.
Financing:
Our furnitures are included to price, as well as our current tenants.
Support & Training:
We can give 3 weeks training for free! We can show how to find tenants -system and websites that we use- We can help future time as well. Until you believe you are okay by yourself, we are going to help you.
Reason for Selling:
Owner of the company is moving out of the country.
Business Website:
http://www.thekinghousing.com
Contact Seller

Contact the Seller

Contact Seller Loading

Business Listed By:
Alex Deniz

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1667599 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


ATC Healthcare Services

Franchise Opportunity In CA
Cash Required: 100000