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Guest Hostel + Properties

 
 

These assets belong to this business and it consists of 3 studio hotel rooms + a shop lot + 6 car parks in an up market condominium in Puchong.

The listed price included ownership of all these properties.

The current business concept is as follows:

• All rooms are rented on a long term basis

• The shop lot is rented on a long term basis

• One of the car park is rented on a long term basis

Total revenue for year ending December 2017 totaled RM33,000

Total expenses (maintenance + assessment + insu) totaled RM3,100

Net Income RM29,000 or is about 6%

New owner can change this business model to generate more revenue.

Proposal

• Convert all rooms to short term rental like daily homestay, guest house etc.

• Use the shop lot as a mini self-service laundrette cum vending machine outlets

• Continue to rent out the car park (1 or 2)

Please note that these 4 units are commercial properties with no restriction to do businesses.

All these units also had separate strata titles issued. Having strata title it is easy to get bank loan.

- All the studio rooms are tastefully renovated and furnished with queen bedroom set, aircon, water heater, curtains, and fan.

- The shop lot is renovated with plaster ceiling, vertical blinds and floor tiles. A unit of aircon is also installed.

The condominium facilities include a swimming and wading pool, playground, gymnasium, 24/7 security, multipurpose court and more.

 
 
Puchong, Selangor
 

Category: OTHERS, HOSTEL & HOMESTAY

Price RM525,000

Annual Turnover RM33,000

Annual Gross Profit RM33,000

Seller Contact: 0162158988

Seller Name: Allen

 

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