Bundaberg Central, Queensland
BIG Price reduction - Owner Says Sell! – 2847BL
REDUCED LEASEHOLD $550,000
Business Description
- 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 Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2847BL (quote when enquiring)
Property Code: 5061
Business Summary
Key Investment Insights
1. Significant price reduction with owner motivated to sell, offering opportunity for quick acquisition.
2. New 25 year lease provides long term tenancy security and stability.
3. Strong forward bookings with major companies, including one contractor providing approximately 80% occupancy through to the end of FY25.
4. FY24/25 revenue of $442,000 with an estimated adjusted net profit of $200,000, indicating solid profitability.
5. Contracts already in place for FY26, delivering predictable future cash flow and reduced vacancy risk.
6. Contractor supplies their own vehicles and drivers, materially lowering operating and transport costs.
7. Accommodation scale: 27 rooms configured for 74 beds, suitable for large group and seasonal worker demand.
8. Guest facilities include male and female bathrooms with four shower cubicles each, two fully equipped kitchens, common room with TV and pool table, vending machines, laundry and outside seating areas.
9. Low on-site staffing requirement, currently one casual cleaner and a casual office/receptionist, supporting lean labour costs.
10. Owner’s on-site 1 bedroom studio residence on the first floor provides convenience and potential oversight or rental income flexibility.
11. Parking for approximately eight vehicles plus ample street parking, supporting group arrivals and worker transport logistics.
12. Central Bundaberg location in a major agricultural region with year-round seasonal work demand, underpinning steady guest pipelines and demand.
