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Hostel And Bar And Tours Business For Sale

Talisay City, Cebu
Freehold Price:
$200,000 (USD)
Lease Asking Price:
$200,000 (USD)
Sales Revenue:
$100K - $250K (USD)
Cash Flow:
$100K - $250K (USD)

Freehold 9 room hostel but furnished like a hotel with separate bedrooms with one bedroom house for owner plus public bar for local trade and tour business for guests

it is freehold only to filipinos or those married to a filipino for others it is sold on a 48 year legal lease at US$1.00 per year. The asking price is us$200000.00 which means only US$348.00 per month

Built next to a tidal river and in a small native village only 1o minutes from cebu city.

Built in a bamboo style to suite the location but very modern inside with air condition hot showers etc.

Only 7 minutes to the biggest shopping mall in asia and public aquarium and new international port opening soon only 2 klm away

Talisay City is the gateway to the south where there are many main tourist spots of cebu like whale sharks watching

While this business is showing a profit it can do a lot better the owner is 82 and has health problems the only reason for selling with owner operated you could cut back staff.

Property Information

Real Estate:

Available as lease or with real property included

Lease Terms:

48 years

Leasehold Rent:

$1 (USD) per annum

Living Accommodation:

I double bed each other

Premises Details:

Built on a title river in a bamboo outside and modern inside with airconditioning and hotshower.

Size in square feet:

Business Operation

Reasons for selling:

I am 82 years old and in bad health and I need to sell it and go back home

Trading hours:

8am to 11pm

Years established:

Other Information

Lease asking price:
$200,000 (USD)

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