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Peak Location Hostel For Sale

Ref No- AE01910853

Sector HOTEL BUSINESS

Subsector Hostels Men?s

Asking Price Offers Invited

Documents Not listed

Listed By Nick Williams

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Business Synopsis

Asking Price

Offers Invited

Annual Turnover

550,000 AED

Annual Net Profit

150,000 AED

Audit Report

Available on Request

Team Size

Total number of staff currently associated with the business.

Monthly Accommodation

0 AED

Company bears accommodation charges.

Utilities

4,000 AED

Miscellaneous Costs

1,000 AED

About the Business

Find us on google maps: ''Ora Place JBR"

Bustling hostel located in JBR, the unit is located on the 45th floor with uninterrupted views of Dubai Marina, with occupancy rates at least 70% year round!

Please note the unit is LEASED and NOT owned. Lease is paid in 2 cheques per year, August and February.

Can be purchased with a company licence if necessary.

About: The hostel has 5 rooms, 3 large, 1 medium & 1 small. In total 38 beds are available for rent. Open plan kitchen and living area as well as 2 bathrooms whihc have been renovated into 4 smaller-sized bathrooms for the ease and satisfaction of guests.

The hostel is averaging revenues of 49k AED monthly and an average of 20% profit margin, with profit margin next year becoming higher with the end of contract with our investor in August.

The business is in full operation and the owner is seeking to sell as he is leaving Dubai.