Business Summary

The Green Saman, Cali´s top rated hostel on hostelworld and tripadvisor, is for sale.

Located in a beautiful mansion with a swimming pool, sauna, steam room and large gardens, The Green Saman is a fully equipped 7 bedroom property with a large terrace which also functions as a bar and restaurant and has good local trade. We have a good reputation in the city for hosting cultural and live music events.

I am looking to sell as I am returning soon to my real world job in the media and the property really needs hands on management from the owner. I would look at the possibility of a partial sale and a partnership. (There is also the possibility to buy the equipment and stock for immediate set up of a new hostel).

Cali is the world capital of Salsa and the gateway to the whole Valle de Cauca southern region of Colombia with the Pacific coast just 2 to 3 hours away with attractions such as whale watching much of the year. There is tremendous potential to further develop tourism here!

Number One for hostels and small hostels on tripadvisor: http://www.tripadvisor.com.ar/Hotel_Review-g297475-d2355612-Reviews-The_Green_Saman-Santiago_de_Cali_Cali_Valle_del_Cauca_Department.html

Number 1 on hostelworld; http://www.hostelworld.com/findabed.php/ChosenCity.Cali/ChosenCountry.Colombia

High approval rating on hostelbookers; http://www.hostelbookers.com/property/prp/74867/arr/2012-07-06/ngt/2/ppl/1/

Top hostel on hostels.com; http://www.hostels.com/findabed.php?ChosenCity=Cali&ChosenCountry=Colombia&Search=1

Buyer would receive;

+ 4 fully equipped private rooms with hand built luxury beds and mattresses
+ 17 dorm beds and luxury mattresses
+ 3 extra mattresses, hostel has plenty of space for further beds and rooms to be added.
+ Hostel listed #1 on many booking and review engines, excellent online reputation.
+ Facebook page with 900 (mainly local) followers and twitter account with over 1500 followers.
+ Professionally designed graphics and website
+ Swimming Pool in perfect condition. Sauna and Steam Room.
+ 5 luxury hand built sun loungers
+ 2 bars; Poolside "tropical bar" and terrace bar
+ Professional sound system, 7 small speakers, 2 large professional speakers, mixer, Dj decks. Full equipment to host live music, DJs and any form of events (we have held theatre, comedy, private parties, birthdays etc).
+ Big Screen projector, perfect for live sports events.
+ Team of professional and trusted staff already working in the hostel.
+ Fully equipped kitchen and restaurant. Cooking utensils, plates, cutlery, glasses etc
+ Fully equipped bar. Beer glasses, cocktail glasses, fridges.
+ Furniture for bar and restaurant, good quality wooden tables, chairs, bar furniture.
+ Laundry area with washing machine
+ Exclusive rental contract on property. Exclusivity to run business from the property (i.e contract stops anyone setting up the same business if you leave the property). Rent is currently 3 million pesos per month (1670 USD).
+ 2 computers, printer
+ Hammocks and Mountain Bikes

ASKING PRICE: 69.000.000 PESOS (38,600 USD - 31,400 EUR - 24,500 GBP) for the business plus all the equipment + 13.500.000 PESOS to transfer to refundable deposit on the property.

As I mentioned above I have been asked to return to my former job and have decided to take up what is a good opportunity so the above price has been set for a fast sale and handover of business. Hope to hear from some people with the enthusiasm to continue this project we started here in Cali, the property really is amazing and you can see from our reviews the number of people who call it their favourite hostel in South America so it is a great opportunity to take over something that really is unique!

Cheers,

Fraser

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