Profitable and Thriving Hostel in Premier Location

ASKING PRICE:
$1,200,000

LOCATION: GTA

LISTING DETAILS:

LISTING ID: 3586

TYPE OF SALE: Asset

MLS CODE: Exclusive

RELOCATABLE: No

INDUSTRY: Hotels / Motels

REASON FOR SALE: Personal

TRAINING & SUPPORT: Yes

ABSENTEE OWNER: No

DESCRIPTION:

*Business Only - Property Not Included*

Operating since 2017 this fast growing lodge is located in the heart of downtown. The business started out with 8 beds six years ago and has grown to accommodate 80 beds within 6 apartments and 14 rooms. Centrally located off of one of downtown's busiest main roads. Near tourist hotspots such as CNE, Liberty Village, Budweiser Stadium and more. In addition to the lodge having 2 rooftop patio decks and 1 balcony it also contains a kitchen for breakfast service, laundry room and space for seated meals. Most sales come from online bookings, partner websites and many repeat customers. Great customer service keeps steady business walking through the door. Tremendous potential for growth due to the rapidly expanding neighborhood. Seller to train to ensure a smooth transition. Inquire today about this amazing deal! Listing ID:3586

COMPANY INFORMATION:

YEAR ESTABLISHED: 2017

FRANCHISE: No

SQUARE FOOTAGE: 10,000 sq ft

MONTHLY RENT: $25,391 pm (incl TMI) + HST

FINANCIAL INFORMATION:

GROSS REVENUE: $860,000

SDE: $362,000

FINANCING/TERMS: Financing Can Be Arranged For The Right Candidate

FFE INCLUDED: Yes

INVENTORY INCLUDED: No

EBITDA: N/A

FOR MORE INFORMATION ON THIS LISTING, PLEASE COMPLETE OUR NON-DISCLOSURE AGREEMENT

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DISCLAIMER:

The information in this listing has been provided by the business seller. Business Broker has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.