Price reduction - Owner Says Sell! – 2847BL

REDUCED LEASEHOLD $650,000

 

  • New 25-year lease.
  • Ongoing forward bookings with major companies.
  • 27 rooms catering for 74 beds/guests.
  • Male and female bathrooms with four shower cubicles in each, a common room with TV and pool table.
  • Owner’s residence: 1 bedroom studio unit situated on the first floor.
  • Parking for approx. 8 vehicles, ample street parking outside business.
  • Staff: 1 casual cleaner, a casual office/receptionist.
  • 2 fully equipped kitchens for guests.
  • Common room with pool table, outside seating areas, vending machines and laundry for guests.

 

Offered by Tourism Brokers is the opportunity to acquire this centrally located Backpackers Hostel in the city of Bundaberg showing  great forecasted  returns.

 

With Bundaberg region being one of Australia’s largest “fruit bowls” - opportunity for seasonal workers is endless in the region. Major global and Australian fruit, vegetable and nut growers have a stake in the Bundaberg region and employment opportunities are available 12 months per year.

 

The business had secured an advanced booking which showed the FY25 year heavily booked with one major contractor providing 80% occupancy to the end of the financial year. New owners will just need to manage this ongoing contract and will not need to worry about advertising or marketing. The contractor also provides their own vehicles and drivers, which drastically reduces the ongoing running cost of the business.

 

The revenue for 2024/25 of $442,000 and the estimated net profit of $200,000 which sets the business up for the future. There are contracts in place for the FY26 season and these large bookings are locked in well in advance.   Providing a great opportunity for the new owners to reap the benefits of this solid business.

 

Adjusted Net Profit: $200,000 Estimated 2024/25

 

Contact Richard O'Connell for further information or to arrange an inspection.

Property ID: 2847BL (quote when enquiring)

 

 

Price REDUCED LEASEHOLD $650,000
Location Bundaberg Central
Property ID 2847BL
Category Backpacker/Hostel

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