Coffs Harbour, New South Wales
2433BL - SECURE LEISURE LEASEHOLD NSW MID NORTH COAST
SOLD
Business Description
- Premium Coffs Coast leasehold opportunity.
- Purpose built Backpackers Hostel comprising of 71 beds with a sleeping capacity of 74 people.
- Association with the fruit farming industry secures high occupancy all year round. Particularly current unprecedented times!
- Several layers of revenue including accommodation, transport, car, bike and beach equipment hire, pool table, washing machines and dryers, etc.
- 26 years remaining on the lease term.
- Rental outlay is well below normal industry standard.
- High yielding proposition for a coastal leasehold with obvious actual commercial upside within.
- Ensuited manager’s residence complete with new kitchen and back office.
- Modern functional male and female bathroom amenities.
- 4 hire or transport motor vehicles plus all activity inventory included in the sale of business.
- Located centrally to the towns CBD and patrolled beaches, Jetty area and impressive coastline.
- A premium backpacker hot spot whilst travelling the coast between Brisbane and Sydney during peak summer holiday periods.
- Secure income from fruit pickers during the Autumn and Winter months.
- An accommodation business which is on the verge of commercially benefiting from the pending bypass civil works.
The Aussitel Backpacker Hostel in Coffs Harbour is located between Sydney and Brisbane central to the Mid North Coast of NSW in one of the fastest growing regional hubs of Australia. It provides a high earning commercial lifestyle business for dynamics.
The business has been well set up by the current operators to continue to develop and grow. Several income earning streams to optimise, will ensure the standard industry expectation of a successful accommodation and leisure business are exceeded.
A closer look encouraged and without doubt will confirm the opportunity.
Net Profit $172,995 for 2018/19
Contact James Carrick from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2433BL (quote when enquiring)
Property Code: 3406
Business Summary
Key Investment Insights
1. The business is a purpose-built Backpackers Hostel with a capacity of 71 beds and 74 people.
2. The hostel has a strong association with the fruit farming industry, ensuring high occupancy rates throughout the year.
3. The business has multiple revenue streams, including accommodation, transport, car and bike hire, and beach equipment rental.
4. The lease has 26 years remaining, providing long-term stability for the business.
5. The rental cost is below industry standard, making it a high yielding proposition.
6. The manager's residence is ensuited and has a new kitchen and back office.
7. The hostel has modern and functional bathroom amenities for both male and female guests.
8. The sale includes 4 hire or transport motor vehicles and all activity inventory.
9. The location is central to the CBD, patrolled beaches, and popular tourist attractions.
10. The hostel is a popular stop for backpackers travelling between Brisbane and Sydney during peak summer holiday periods.
11. The business also benefits from a secure income from fruit pickers during the Autumn and Winter months.
12. The business is expected to benefit from the pending bypass civil works, increasing its commercial potential.
13. The business has a strong net profit of $172,995 for the 2018/19 financial year.
14. The business is listed with James Carrick from Tourism Brokers.
15. The property code for the listing is 3406.
