Stanthorpe, Queensland
PRIMED FOR GROWTH - FREEHOLD BACKPACKERS - 2445BF
SOLD
Business Description
Do not miss out on this opportunity to grow your portfolio and bank account. Located in the prime Fruit and Vegetable growing region of Stanthorpe, the Summit Backpackers caters for touring backpackers and long-stay Pacific Nations farmworkers. This has been a profitable business for the current owners who now offer to the market a much improved business model via a recently expanded and approved council DA.
The property now offers the following attributes:
- 5 acres of flat land only 10 mins to central Stanthorpe.
- Multiple accommodation buildings including 3 houses and 2 accommodation dongas.
- Communal buildings/areas including kitchens, bathrooms, laundries and entertainment areas.
- Recently expanded Stage 1 DA approval for 80 beds (up from 56).
- Configurations in current buildings and on council licence allows for the full 80 beds.
- Stage 2 DA is for an extra 24 beds in new buildings/dongas if/as required by a new operator.
- Some infrastructure work already done for stage 2 of DA.
- Gravel car park at the front of the property for vehicles and buses.
- Large grassed areas for recreational activities for the backpackers/workers.
- 4 Toyota Hi-ace buses and 4 cars for worker transport are included.
The opportunity to provide additional beds via this two-staged DA will enhance the profitability of the business immensely for a new operator.
As the area goes from strength to strength, new farms have popped up in the area, adding demand for workers and accommodation. The historically quieter winter months have seen occupancy increase every year as maintenance, packing and winter crops make the business busy all year round, not just in the spring/summer months.
The other benefit stems from Stanthorpe being a major inland tourism hub that prospers significantly in the cooler months due to coastal visitors coming to sample good wine and food in the region. With 5 acres of land, an opportunity exists to further expand the operation to handle a cross section of visitors coming to the area.
Do not miss out due to complacency! Contact us now for an IM or to arrange your private inspection.
Net Profit: $392,135 for 2022/23 (as provided by vendor accountant)
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2445BF (quote when enquiring)
Property Code: 4958
Business Summary
Key Investment Insights
1. Prime location in a popular fruit and vegetable growing region.
2. Established and profitable business with potential for further growth.
3. Recently expanded and approved council DA for 80 beds.
4. Configurations in current buildings and on council licence allows for full 80 beds.
5. Stage 2 DA for an additional 24 beds in new buildings/dongas.
6. Infrastructure work already completed for stage 2 of DA.
7. Large grassed areas and recreational facilities for guests.
8. Included in the sale are 4 Toyota Hi-ace buses and 4 cars for worker transport.
9. Opportunity to further expand the business to cater to a wider range of visitors.
10. Strong demand for workers and accommodation in the area.
11. Occupancy rates increasing every year, even during historically quieter months.
12. Located in a major inland tourism hub, providing potential for additional income.
13. 5 acres of land provides potential for further expansion.
14. Net profit of $392,135 for 2022/23 (as provided by vendor accountant).
15. Opportunity to arrange a private inspection and receive an IM (Information Memorandum).
16. Property ID: 2445BF (quote when enquiring).
17. Property Code: 4958.
