Bundaberg Central, Queensland
Price reduction - Owner Says Sell! – 2847BL
REDUCED LEASEHOLD $650,000
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 Richard O'Connell for further information or to arrange an inspection.
Property ID: 2847BL (quote when enquiring)
Property Code: 5061
Business Summary
Key Investment Insights
1. Price reduction, owner motivated to sell.
2. New 25 year lease in place, providing long term tenure stability.
3. Strong forward bookings with major companies, reducing short term revenue risk.
4. One major contractor committed to FY25, supplying 80% occupancy and their own vehicles and drivers, which materially lowers operating costs.
5. Confirmed revenue for 2024/25 of $442,000 with estimated adjusted net profit of $200,000.
6. Contracts already in place for the FY26 season, indicating secured future income.
7. 27 rooms accommodating 74 beds, suited to large group and seasonal worker demand.
8. Shared facilities include male and female bathrooms with four shower cubicles each, two fully equipped guest kitchens, laundry, vending machines, common room with TV and pool table, and outside seating areas.
9. Owner’s on‑site 1 bedroom studio unit on the first floor, offering owner accommodation or rental flexibility.
10. Minimal current staff profile, with one casual cleaner and a casual office receptionist, suggesting low payroll overheads.
11. Approximately eight dedicated parking spaces with ample street parking available, supporting coach or worker drop offs.
12. Centrally located in Bundaberg, positioned in a major year‑round horticultural region, providing consistent seasonal worker supply and employer demand.
