Breakdown of all Startup Expenses
Start a Hostel
Hi gang,
Im in the early stages of opening up a new hostel (looking at around 18-24 months from now), and I'm trying to figure out how much I need to start it up. Obviously, cots will vary greatly based on size and location, but does anyone have a simple list of items that are needed to be ready for day 1? I'm looking for a comprehensie list of everything that is needed to purchse/obtain before opening. Whatever you can throw my way would be much appreciated, thanks!
- Comments
4 years
Hi if you still need a list I can share one on email .
Just also out of interest would you know the minimum investment needed in Canada for non Canadians to get the entrepreneurship visa .
4 years
i would recommend reading “An American Hostel” by Vikki Mathis. She gives a detailed breakdown of start-up and operating expenses.
4 years
Great book!
You will also find some of this information in the Hostel Professionals Library and I think there are spreadsheets in the Hostel Wiki.
4 years
Thanks! I bought the book and am currently reading it. Trying to check out the library, looks like I need to pay for it? Which level do I need to upgrade to to get full access?
4 years
Hi rmbower1,
The Hostel Professionals Library requires a professional level membership. At the moment, we are working on video content for the HPL. I will email you privately.
Darren
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