138 Collins Street, Hobart, Tasmania
Hobart FHGC Backpackers Owners Proj Net 2025 f/y >500k Under Management
$5,650,000 WIWO
Business Description
Consistent and Strong Earner, outstanding and unique opportunity in this tourist orientated state.
Significant turnover around/ approaching $1.1m in 2025, 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
Key Investment Insights
1. The business for sale is a Hobart FHGC Backpackers, with a projected net income of over $500,000 for the current year.
2. The business is currently under management and has been consistently earning strong profits for the past 5 years.
3. The location of the business in a tourist-oriented state provides a unique and outstanding opportunity for growth.
4. The business has a significant turnover of around $1.1 million in 2025, with a 22% increase compared to the same period last year.
5. The operation has the potential to accommodate 169 beds in 69 rooms, with a total floor area of 2,776 m2.
6. The business has a well-trained and experienced staff, making it easy to run under management.
7. The CBD building is centrally located and provides budget accommodation for backpackers, tourists, and seasonal workers.
8. The budget style accommodation is highly sought after, as shown by the high occupancy figures.
9. An owner-operator could potentially realize significant growth and reap the rewards.
10. The business is spread over 4 levels with a variety of room configurations, male and female bathrooms, and other amenities.
11. The building has hard-wired fire alarms and a sprinkler system, as well as a booking system and surveillance system.
12. The business is well-known and has been established for a long time.
13. Hobart accommodation businesses are tightly held, making this a rare opportunity.
14. Interested parties are advised to make their own investigations and inquiries before relying on any statements or warranties made by the vendor or anyone on their behalf.
15. All figures provided are approximate.
