Can a hostel MAKE MONEY?!

We run Hostels in Asia and we work on 4 x seasonal bed rates if you would like a copy of our excel spread sheet where by you simply add the initial capital expenditure and or the expected monthly running costs (fixed costs)along with the number of beds and the rate per bed the sheet will produce the anticipated net income, the excel will also add 30% additional income expected from such things as towel hire, taxi, tours, food and bar sales. It would then be a simple task to deduct from this figure the interest payment on any loans. (or I can add another monthly expenditure to the original displayed costs to do this automatically)
In my opinion you are asking the right questions but you should never spend to much time worrying, try to use simple spread sheets as the resulting figures do not lie, its the people that in put the figures that make the mistakes, in the main being to optimistic.

Well look i wasn't looking for a specific figure here. I was simply asking if there is a rule of thumb people go by. Is there an acceptable average per person one might use to roughly calculate a preliminary budget projection for example.

It's in Croatia. Would only need a/c maybe 45 days of the year, even at that it wouldn't be all day. Heating from late october to end of may & is from a wood burning furnace which also can heat the water (boilers are also electrical). Bulbs...approximately 15...LED bedside lights (20), 3 bathrooms. 1kw/h costs €0.10.

Looking forward to your response.

Im just curious, where in Croatia!?

I've been thinking about opening one in Pag!