A work in progress with great potential for growth
Established since October 2012, the current owners have run this business since its launch, gradually building up its trading numbers. What you’re getting here is the freehold plus a good business with plenty of potential. Currently turning over around $125,000 a year, it could generate much more if taken over by owner-operators.
Cheapest accommodation on the Central Coast; online reviews are above-average
Accommodation comprises 5 rooms and 39 licensed beds
Currently receiving rental of $41,400 per annum from Backpackers; expecting approximately $20,000 to $30,000 profit over summer
Sale includes all internal fit-out, such as air-conditioning, beds, tables, chairs, pool table, bedding, kitchenware, office computer, TV and more
Client base is 70% Australian travellers and 30% international visitors
1062 checkouts last year - only Backpackers in the area
Potential to add more products and services, such as tours
The current owner only works one hour per week. The manager works 17 hours and all other work is done by accommodation staff
Reception hours are 10am to noon, and 3pm to 7pm
Training included in sale
Manager happy to stay on
Selling to focus on other business interests in Sydney
The business currently sits at around 37% occupancy on average; at 50% occupancy revenue should climb to approximately $200,000 per annum.
There’s a lot of potential here to be more hands-on, add new services and grow the business.