138 Collins Street, Hobart, Tasmania

Largest Freehold Hobart Backpackers in Prime CBD Position High Turnover & Profit

$5,650,000 WIWO

Business Description

Consistent and Strong Earner, outstanding and unique opportunity in this tourist orientated state.

Significant turnover around/ approaching $1m annually, current year up 22% on same period last year, due to the sheer size of the operation, potentially 169 beds in 69 rooms, total floor area 2,776 m2, this is potential gold mine.

Run under management for the last 5 years, all staff experienced and trained.

This substantial CBD building is centrally located and provides budget accommodation for the thousands of backpackers, tourists and seasonal workers who visit the popular Tasmanian Capital.

The budget style accommodation is highly sought after as the occupancy figures will show.

An owner operator would realise the vast growth potential that exists and correspondingly reap the rewards.

Spread over 4 levels, with a variety of room configurations, male and female bathrooms, spacious reception, guest kitchen, two lounge rooms, managers quarters and 5 staff bedrooms, guest and commercial laundries.

Hard wired fire-alarms and sprinkler system throughout, booking systems,24 cameras with 3 monitors in reception surveillance system..

An easily run operation, well known and long established.

Hobart accommodation business are tightly held, contact Tasmania's foremost accommodation business brokers, Call Praveen Pant on ---------- or contact Paul Scott on ---------- email: ---------- NDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.
NOTE: All figures are approximate.

Business Summary

Marketing Agent
Paul Scott
Paul Scott

Business Brokers Network Australia

Business Brokers Network Australia

Key Investment Insights

1. Largest freehold Hobart backpackers in prime CBD position
2. High turnover and profit, consistently strong earner
3. Outstanding and unique opportunity in tourist-oriented state
4. Turnover approaching $1 million annually
5. Current year showing 22% increase compared to same period last year
6. Potential for 169 beds in 69 rooms
7. Total floor area of 2,776 m2
8. Run under management for the last 5 years with experienced and trained staff
9. Centrally located and highly sought after budget style accommodation
10. Occupancy figures show high demand for budget accommodation
11. Owner operator has potential for vast growth and corresponding rewards
12. Spread over 4 levels with a variety of room configurations
13. Male and female bathrooms, spacious reception, guest kitchen, and lounge rooms
14. Includes manager's quarters and 5 staff bedrooms
15. Guest and commercial laundries
16. Hard wired fire-alarms and sprinkler system throughout
17. Booking systems and 24-camera surveillance system
18. Well-known and long-established business
19. Hobart accommodation businesses are tightly held
20. Contact Tasmania's foremost accommodation business brokers for more information.
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HOBART

For Sale by Private Treaty $5,650,000 (ROI 7.5%)

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

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