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Hostel And Karaoke Bar For Sale

Talisay City, Cebu
Freehold Price:
$100K - $250K (USD) Furniture / Fixtures and Inventory / Stock included
Lease Asking Price:
$100K - $250K (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Under $100K (USD)
Cash Flow:
$50K - $100K (USD)

Hostel with 9 double rooms all with ensuites. Hot and cold water, air conditioned fully furnished plus managers house 1-bedroom, en suite lounge, dining room, private kitchen, air conditioning.

Main karaoke bar and kitchen, beer garden with 2nd karaoke machine.

Resto bar.

Large internet cafe being lease out.

1 10-seat tourist van

We are a one stop hostel only 15 km from city of Cebu, in a small village that is nice and quiet from the city noise, and 10 mins from the SM seaside mall (the largest shopping centre in Asia).

We offer not only good accommodation at low prices but also take our guest on tours of Cebu and are a good price.

We are very proud of our 10 out of 10 service: the best in the area.

This business can be purchased freehold if a Filipino, but if not, it will be sold with a 49-year legal lease at 50 Pesos (US $1.00) a year no mistake, which is as good as freehold.

Property information

Real Estate:

Available as lease or with real property included

Lease Terms:

49 years

Leasehold Rent:

$1 (USD) per annum

Living Accommodation:

1 Bedroom en suite Lounge Dinning room Private Kitchen

Location:

Built on a tidal river

Premises Details:

Outside built on Native Style on Concrete Stumps

Size in square feet:
10,000

Business Operation

Expansion Potential:

Have also block of Vacant Land attached for Low Price can build 4 more rooms

Competition / Market:

None within 5 klm

Reasons for selling:

80 year old Australian Owner now suffering ill health and may not be able to fly much longer

Trading hours:

8 am to 11pm

Employees:
6
Years established:
started building 2013

Other Information

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

prepared to finance US$50000.00 over 5 years

Furniture / Fixtures value:
$40,000 (USD) - included in the asking price
Inventory / Stock value:
$5,000 (USD) - included in the asking price
Lease asking price:
$100K - $250K (USD) - Furniture / Fixtures and Inventory / Stock included

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