Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Hostel In Medellin, Colombia For Sale

Medellin, Antioquia, Colombia
Asking Price:
Under $100K (USD) Furniture / Fixtures included
Sales Revenue:
$110,000 (USD)
Cash Flow:
$20,000 (USD)

• Profitable, 30% RoI - hands free/process driven
• Purchase 50% or 100% of Ivy Hostel
• Sleeps 42 guests, 4 privates, 5 dorms
• 4 Communal areas, including kitchen, TV room with Netflix, & bar/terrace
• Opened March 2016
• Work with a truly global young and diversified client base
• Selling the business as a going concern. You would be buying the tangible assets and the goodwill
developed through a highly recognized brand, excellent staff and highly ranked online presence
• Structured sale/buyer transition program
• Full-time Manager & business partner's experience makes it a great entry-level opportunity for someone that needs a Colombian investment visa or is undertaking their first business
• Process driven business with solid business practices and documentation, rare in both Colombia and the hostel industry

Property Information

Real Estate:

Lease

Lease Terms:

2 years.

Leasehold Rent:

$30,000 (USD) per annum

Living Accommodation:

Sleep 45 guests.

Location:

Medellin

Premises Details:

Numbers all stated for the hostel as a whole. Possibility to buy the whole 100%.

Size in square feet:
6,458

Business Operation

Expansion Potential:

Growth Opportunities
• Growing tourism and backpacker numbers to Medellin
• Online marketing and advertising and use the hostel’s existing high rating and online presence
• Host more events, BBQ’s, salsa classes, theme nights at the bar etc.
• Sell food to heavy foot traffic walking between the station ( Aguacatala ) and Santa Fe
• Sell cigarettes & increase food sales in reception
• The block has 150 Sq. metres of unused land space
• Leverage the location of very close to the Aguacatala metro, Centro Commercial Santa Fe and Envigado for events etc.
• Hostel in growing part of Poblado , with a new strip of restaurants and BBC bar recently opened 1 block from the hostel
• Purchase the building and build out the second level of the hostel

Competition / Market:

See HostelWorld for Medellin (the main hostel booking platform).

https://www.hostelworld.com/hosteldetails.php/Ivy-Hostel/Medellin/266374?dateFrom=2020-02-03&dateTo=2020-02-06&number_of_guests=2

Reasons for selling:

Focus on other business and spend more time in Australia.

Trading hours:

24/7

Employees:
8
Years established:
4

Other Information

Support & training:

1-month transition package included. However, with my existing business partner and the manager means you basically can slide in and learn as you so desire.

Furniture / Fixtures value:
$10,000 (USD) - included in the asking price
Inventory / Stock value:
$300 (USD)
Website:
Login or register to view link

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to the seller of this business. Find out more about what we do with your information in our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here