Tolga, Queensland
2660BF - RECESSION PROOF, COVID PROOF WORKERS BACKPACKER 50 BEDS, WITH 24% RETURN ON INVESTMENT
SOLD
Business Description
Tourism Brokers are pleased to present to market the freehold business of a Workers Backpackers which is positioned with main street frontage in Regional Far North Queensland town,
Especially popular with South Pacific Islander Farm Picking backpackers, the business has established strong connections with the local growers around the area and links the hostel with hands-on farm work.
The backpackers play an integral part in the accommodation of labour to the flourishing fruit and vegetable growing of the Atherton Tableland area and there is no shortage of work for at least 10 months of the year.
The business has established links with Labour Agencies in Vanuatu, Fiji and Solomon Islands to supply labour to these farms. With all the appropriate licenses to bring these labourers into the country during COVID, they have been running smoothly.
The number of beds has been increased to bed accommodation and passed council approval; overflow facilities are used during peak season where a profitable margin is still made.
The owner/manager accommodation is one bedroom with ensuite and a separate kitchen positioned to the front of the hostel.
Facilities and services: include the following:
- Cooking/kitchen facilities
- Communal kitchen
- Barbeque
- Walk-in cold room and television in communal lounge
- Fully equipped laundry
- Purchase or hire sheets
It is through these extra services that the current vendors have built a very successful business.
Net Profit: $453,890 - 3 year average
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2660BF (quote when enquiring)
Property Code: 3849
Business Summary
Key Investment Insights
1. Prime location with main street frontage in a Regional Far North Queensland town.
2. Strong connections with local growers and established links with labour agencies in Vanuatu, Fiji, and Solomon Islands.
3. Recession-proof and COVID-proof business with a consistent demand for labour in the fruit and vegetable growing industry.
4. Increased bed accommodation and council approval for overflow facilities during peak season.
5. Profitable margin during peak season.
6. Owner/manager accommodation with one bedroom and ensuite.
7. Additional facilities and services such as cooking/kitchen facilities, communal kitchen, barbeque, walk-in cold room, and fully equipped laundry.
8. Option to purchase or hire sheets.
9. Successful business with a 3-year average net profit of $453,890.
10. Opportunity for further growth and expansion.
