Multi award-winning Romanian hostel business for sale. Exciting opportunity for anyone with the dream of running their own hostel.
With travel numbers significantly returning to Bucharest and Romania, on top of so many hostel businesses unfortunately having to close due to covid, this is perfect timing to capitalise on the market.
The property is city-centre boutique hostel perfect for backpackers, couples and groups exploring the beautiful Romanian capital. Located in the heart of Piata Amzei, the new hipster area of the city filled with bars and restaurants. It is very well established business. Prior to Covid, 2019 was the hostels 8th season.
The price for the business is 50,000€. The monthly rent was €3000 (however, landlord is willing to negotiate an initial lower monthly rental fee to allow you to grow, covid-19 considered).
The sale price includes a turn-key fully-furnished hostel business that could be opened within days after purchase. Including operational systems, our networks/ suppliers and a 2-week handover period whereby we can personally show you how everything works.
Capacity: 40 people (max), 2x Dorm Rooms, 1 ensuite and 6x Private/ Triple rooms. All furnished.
Facilities: reception area with luggage storage, fully equipped kitchen, common room (equipped with with TV, musical instruments, PA system and board games), Courtyard Garden, 4x showers and toilets (shared), and 40m2 basement/ attic space for storage.
Figures: 82% Occupancy annually, 35% average profit margin, predicted 1.5 year ROI.
No outstanding debts or loans on the property or business, self-financed when established in 2012.
We have very high review ratings across all booking platforms (booking.com, hostelword, tripadvisor) that can would be transferred to the new owner to avoid starting from zero.
We will share in-depth financials to qualified buyers/leasers. However, please feel free to request our more detailed sales proposal via email at [email protected]