Hostal El Momento

Granada, Nicaragua  

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9 Private rooms - 2 with bathroom
1 Dorm - small
4 more bathrooms and a separate shower.
2 storage areas
1 office
Bar/Restaurant for breakfast and garden
Large reception area.

Rated Best Hostel in Nicaragua 2016
5 years 90% ratings by reviews.
Over 800 reviews on 2 website.
Only hostel with a review in Lonely Planet.

All staff working minimum of 3 years and maximum of over 6 years, great reviews from guests.
Work with tour companies and taxi company for 5 years.
All permits in order.
Have an accountant who helps with all government papers including permits,tax,

Books in order with numbers for all months to include :-
Guest percentage for dorm and privates
Reservation breakdown.
Occupancy rates.
Guest count.
Room Forecast each month.

Hostel has US$11'000 in Itinerary.
The lease on the building is every 2-3 years
Owners of property do not get involved in the running of the business, only consult when any physical changes need to be made.

Sale at $24’000 including Itinerary.
Gross is around US$100'000 a year
Net is around $30’000 plus a year but with tour company and a well run restaurant this would be more, starting your own airport transfers alone could bring in another US$7000 a year.
The business is turnkey
The owner of the building has expressed interest in putting in a swimming pool and paying half of the investment.
Biggest investment would be a van or car if wanting to start tour company within hostel, that money would return quickly.

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