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Hostel near LA Downtown - Absentee Owner Run

Los Angeles, CA (Los Angeles County) (Relocatable)

Seller Financing Available
Hostel near LA Downtown - Absentee Owner Run
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Asking Price: $95,000

Cash Flow: $54,000

Gross Revenue: $172,800



Inventory: N/A

Established: 2018

Hostel near LA Downtown - Absentee Owner Run

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Business Description

Freshly built 2-unit house in 2018 hostel with 39 beds for rent, occupying entire second floor for $6,500 rent paid to the landlord. 2 long term resident hosts takes care of checking in and out guests in exchange for free rent. There is one spacious bedroom for the owner but not used. The new owner can live in this room and makes reasonable easy income each month. There are shared kitchen, bathrooms, dining table, living room and pay washer and dryer.

Detailed Information

Los Angeles, CA
Home Based
Growth & Expansion:
growing industry
35,000 for 1 year @8%
Support & Training:
1 week up to 40 hours
Reason for Selling:
other business interest
This business is Home-Based
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(from currently available funds)
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Douglas Kim

Business Listed By:
Douglas Kim

Douglas Kim

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