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 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. BIG price reduction, owner motivated to sell.
2. New 25-year lease, offering long-term tenure and stability.
3. Strong forward bookings with major companies, reducing revenue volatility.
4. One major contractor committed to FY25, delivering approximately 80% occupancy through year end.
5. Contractor supplies vehicles and drivers, substantially lowering operating costs.
6. 27 rooms configured for 74 beds, supporting high-volume capacity for workers and travellers.
7. FY24/25 revenue $442,000 with estimated adjusted net profit $200,000, indicating strong margins.
8. Contracts already in place for FY26, providing secured future income.
9. Low staffing requirement, currently one casual cleaner and one casual receptionist, enabling simple labour management.
10. On-site facilities include two fully equipped guest kitchens, male and female bathrooms with four showers each, common room with TV and pool table, vending machines, laundry and outside seating areas, enhancing guest amenity and retention.
11. Owner’s 1-bedroom studio on-site, allowing on-premises management or additional rental income.
12. Central Bundaberg location within a major agricultural region, providing year-round demand from seasonal workers and easy access to large growers.
