Gidic Backpackers in Tallinn, Estonia is for sale. It is a 74 bed hostel with 5 showers, 2 toilets & 3 h/basins for Females, 3 showers, 2 urinals, 2 toilets & 3 h/basins for men and 1 bathroom with shower, toilet & h/basin for staff.
The hostel has:
• Fully equipped living room with furniture, a 110cm flat screen TV, DVD & surrounding hi-fi sound system.
• Dining room fully equipped with tales, chairs, cupboards, fridges, etc.
• Computer room has furniture and 4 laptops.
• A linen storage room with shelves & cupboards
• A kitchen fully equipped with Oven/stove, microwave, hot-sandwich maker, toasters, cupboards, crockery, cutlery, etc.
• Laundry is equipped with a good quality German professional Washing machine & professional dryer.
• Bathrooms have 5 showers, 2 toilets & 3 h/basins for Females,
• 3 showers, 2 urinals, 2 toilets & 3 h/basins for men
• And 1 bathroom with shower, toilet & h/basin for staff.
• Ford Transit 9 seat minibus with air/con & full advertising signage.
• Leasing of premises is 1500 Euros per month.
• The Premises has 20 off-street private car-park spaces.
Gidic is now 4 years old and rated very highly on hostelworld, hostelbookers & booking.com.
The asking price can be recouped in a fairly short period of time if managed well.
Because I know banks don’t finance hostels easily I am willing to consider owner finance with a deposit to protect me.
Option 1 - Buy the business for full price 110 000 Euros
Option 2 - Deposit 70 000 and 24 monthly payments of 2000 Euros

www.gidic.ee