Bundaberg Central, Queensland
Price reduction - owner says sell! – 2847BL
REDUCED LEASEHOLD $650,000
Business Description
- New 25-year lease.
- One major contractor has secured the entire facility for the next 10 months.
- 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.
- Forecast for 100% for the next 10 months.
- 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 has secured an advanced booking which will see the FY25 year fully booked with one major contractor providing 100% 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 estimated Revenue for FY25 $600,000 and estimated nett Profit of $240,000 which sets the business up for the future. There are already talks with contracts for the FY26 season and these large booking should be locked in well in advance. Providing a great opportunity for the new owners to reap the benefits of this solid business.
Net Profit: $240,000 Estimated 2024/25
Contact 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. The business is a backpacker hostel located in the city of Bundaberg.
2. The owner is motivated to sell and has reduced the price.
3. The business has secured a major contractor for the next 10 months, ensuring full occupancy.
4. The hostel has 27 rooms with a capacity for 74 guests.
5. The bathrooms are separated by gender and each have four shower cubicles.
6. The hostel has a common room with a TV and pool table.
7. The forecast for occupancy is 100% for the next 10 months.
8. The owner's residence is a 1 bedroom studio unit on the first floor.
9. The hostel has parking for approximately 8 vehicles and ample street parking.
10. The staff includes 1 casual cleaner and a casual office/receptionist.
11. There are 2 fully equipped kitchens for guests to use.
12. The hostel also has a common room with pool table, outside seating areas, vending machines, and laundry facilities for guests.
13. The business is offered by Tourism Brokers and has a new 25-year lease.
14. The region of Bundaberg is a major producer of fruits, vegetables, and nuts, providing employment opportunities for seasonal workers.
15. The business has secured advanced bookings for the next financial year, with a major contractor providing 100% occupancy.
16. The estimated revenue for the next financial year is $600,000 with a net profit of $240,000.
17. Talks are already in place for contracts for the following financial year, providing a solid future for the business.
18. The property ID for the business is 2847BL.
19. Contact Tourism Brokers for further information or to arrange an inspection.
20. The property code for the business is 5061.
