Business DescriptionAMAZING OPPORTUNITY TO OWN THE #1 PARTY HOSTEL IN THE POPULAR SURF DESTINATION OF CANGGU, BALI 🌴
LAY DAY SURF HOSTELS:
- Undisputed #1 Party Hostel in Canggu, Bali.
- Year-round thriving business with +90% average annual occupancy rate.
- Experienced and dedicated management-team requiring occasional strategic supervision.
- Highly amicable and laid-back team of partners to split Director responsibilities with.
- Ownership perfectly suitable for those on a FIFO / Seasonal / Remote work lifestyle.
- Strong-brand value with massive untapped growth potential.
YOU WILL GET:
- 90 beds across 4 large properties with 4 pools each on 4 different extendable long-term lease agreements.
- HW Rating of 8.7 based on 1700+ Reviews providing an established leading market position and a solid firewall against potential new competitors.
- Key staff (GM & Bookkeeper) with a solid track-record and experienced Line Staff (Receptionists, Housekeepers, etc).
- Fully incorporated PT. PMA (Indonesian limited-liability company) with complete set of Operational Licenses.
- 2-Year Investor KITAS providing full work opportunities, right to open bank account, obtain credit card, etc. to the potential buyer.
- Established following on Facebook / Instagram and a Trademarked Brand.
- Steady and near-passive stream of cash flow and a robust balance sheet - regularly audited by a certified accountant.
REASONS FOR SALE:
- Desire to diversify assets by rolling over proceeds of Lay Day share sale to a different line of business in a different location.
- Looming conflict of interest due to selling partner's ownership of a stake in a rival hostel-chain.
Sale Price $450.000 AU
Inquiries to - firstname.lastname@example.org or whatsapp +62 813 5332 4752