Setting up of a hostel

Just viewed a place in Jalan Besar 1 week ago.

Things seemed perfect initially:
1. Area is able to partitioned into the ideal number of dormitory beds and private rooms
2. Landlord will take up the cafe and we will have a partnership but at least I do not have to take care of the details
3. Landlord has a few bars around the area and it will be easy to organise pub crawls
4. Landlord will take care of all the licensing required so it will be even more hassle-free
5. Air-con, electricity and sewage are in place and only require servicing

I have been asking around for about 1 month and it is really difficult to find a suitable location. Property market is striving in Singapore now, and prices are getting higher. Sometimes I really wonder when I will actually find a suitable place?

It is especially difficult when you are working alone. You basically have to solve all the problems yourself and there will not be anyone to share your workload. Especially when I am working as an auditor currently and it is not exactly the slackest job around!  Luckily I found a friend who does not mind listening to all my problems and giving me his opinions even though he has a full time job and a part time job at this moment!