A 30 dorm bed, 5 private room Hostel business with owner’s quarter for sale. This is a unique business because it is the only hostel in the area. The location is in a prime vacation destination for outdoor enthusiast. We will sell the business for $65,000 with a guaranteed 4 years lease with option to renew or purchase building or we will sell both business and building for $515,000. The building has an additional three apartments rental that has for the last five years generated $26,400 per year. The hostel business averages $96,000 per year with an avearage Net Operation Income (NOI) of $49,386 per year. Owners are re-locating and have had a hostel manager for over eight years. Owner will consider owner financing for business.
Requirement for financing:
-Credit score about 710
-$15,000 initial deposit
-Business experience very helpful