Photo - Hostel in Berlin
29902

Hostel in Berlin - loan for business

Germany
Market: Tourism, sport
Stage of the project: Idea or something is already done

Date of last change: 04.07.2018
Min amount of loan
$  5.000
Estimated yield
10 % a year
0
Total required
$ 50.000
Rating
equalizer 235 from 1000
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Also this project:
- is looking for investment

Idea

Berlin is a very popular city among the tourists and the one of the top 10 cities for the start-ups. And they all need place to stay for the first time!

Current Status

Our company was founded in September 2017. We have rent the 3-floor house and decided to arrange the small pension. There are 10 rooms with 1 kitchen, 3 bathrooms and 3 WC. We have started with Airbnb (i had already this experience in Italy with 2 rooms in my apartment) and now we work more with booking.com
So now we have 8 long- term staying rooms, 2 short-term and 1 apartment for short staying. I can see in Berlin such a big request for living space so i d`like to arrange one more hostel. I will be happy if you can help me!

Market

Our customers are students, workmen, travelers (short und middle term).

Problem or Opportunity

Berlin is one the most attractive sities in Europe for tourism and also for the start-ups. Every year a lot of people come to our city for work, studying and business. They all need a place for first accomodation. The same time Berlin also has a huge problem with rent of long-term apartments and rooms. It needs from applyer because a lot of documents. I know the situation, when people stay in hostel for several months, because they cant find a place! Thats why i think my project could be interesting for investor who wans to save and multiply their funds.

Competitors

There are in our district some big hotels Penta hotel, Bett and Buch, Best Western, NH, but they offer price for the room 50 euro and more.

Advantages or differentiators

There is a big request for the cheaper rooms , for example room for 30 euro or the place for one person from 15 euro.

Finance

Preises are in the lower range.

Loan terms

60 months

Interest rate, %

10

Type of pledge

Real estate

Pledge and assets

I can offer as a guarantee my one room flat in Sankt-Petersburg

Solution (product or service)

We have decided to arrange the hostel with max 20 sleeping places. Though we are not at the center of a city, but our district is nice, green and quiet. Also with a good public transport connection.
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Idea
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Finance
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Solution (product or service)
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