For sale is The Purple House International Backpackers’ Hostel business which comes with a 2-10 year rental lease (you choose) of the actual hostel building.

Asking $27,000 USD for business Cash Purchase, AS IS - NEW REDUCED PRICE FOR QUICK SALE
Lease term will range from $800 - $1,200 per month depending on the length of the signed lease.
(The longer the lease period, the cheaper the rent.)
3 month rental deposit required which will be placed in a secure escrow account.

Back in 2002, This International Backpackers’ Hostel was the first authentic backpacker hostel to have ever opened in David City, and the 2nd Backpacker Hostel to have ever opened in the entire country of Panama. Since then, we have seen this city, and the entire country of Panama growing and bursting with tourism and opportunities. David, Panama is a major travel hub for people heading to Bocas Del Toro, Boquete, Panama City and Costa Rica. There are only a few small hostels in this city so competition is minimal. We are listed in every major Panama guide book including, Lonely Planet, Moon, Let’s Go, Rough Guide, Footprint, Fodors, Frommers, Ulysses, Reise Know How, Azul, and more. Our online presence is ubiquitous or backpacker hostels in David and Chiriquí. NEW: We are the only selected hostel for David City in world reknowned HOSTELLING INTERNATIONAL wordwide hostel network.

We feature a large house currently configured in space that uses the 6 rooms, in a combination of private and shared dorm rooms (a total of 28-30 people). The layout is flexible (the largest dorm room can be divided up into 3 more private rooms) so it is possible to increase or decrease that amount, depending on your personal tastes. There are a total of 5 full bathrooms, 2 which have been recently renovated. In addition to the sleeping rooms, there is a kitchen, Living/Common Room, Reception Area, several outdoor sitting areas, and laundry room. We feature a unique patent pending Splash Pad (big outdoor fountain for sunbathing) which is the only one in existence in Panama! Out back we have banana trees and lemon grass plants, and coconuts!

The business still has a lot of opportunities to expand by offering tours, opening a bar, construction or reconfiguration of more rooms. Although our main clients are International Backpackers, we also attract a mix of expats seeking property, foreigners renewing their Costa Rican visa’s, Peace Corps volunteers, Central Americans traveling on business, student groups, and locals traveling to the region for special national events. The Purple House is very centrally located, just a 5 minute walk to 24 hour shopping, casinos, fruit and vegetable markets, gyms, casino, other hotels, fine dining and cheap dining, clubs and bars, festivals and fairs, baseball, excellent hospitals and doctors, and basically everything a traveler could want.
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Included in the price are all furnishings and fixtures, stove, refrigerators, washer, dryer, air-conditioning units, televisions, supplies, EVERYTHING NECESSARY for the business to continue operating without skipping a beat! A full inventory is available to serious buyers only.

OTHER NOTES:

THIS IS AN AS IS PURCHASE, WE WILL NOT BE PROVIDING DETAILED FINANCIAL INFORMATION. IT IS UP TO THE PURCHASER TO MAKE THIS INTO A THRIVING BUSINESS, WE HAVE MANAGED IT MORE LIKE A HOBBY.

We also have exclusive permission to advertise in the bus terminal of David City.

We have marketing partnerships with many other hostels and tourism companies.

Owners are willing to advise the new buyers for a period of time to make the ownership transition as seamless as possible.

For sale is the business, not the property. Property owner is EXTREMELY flexible and open minded about any changes or improvements you want to make to the facility in order to personalize it to your specific needs. We will consider qualified offers for the purchase of the physical property on a case by case basis.

Priority will be given to the purchaser of the business to rent the actual property with 2-10 year renewable leases.