Hostel - Accommodation - Under Management - Leasehold - Long established - Hostel - Accommodation - Under Management - Leasehold - CB1319

Industry: Professional - All, Professional - Brokerage, Professional - All, Professional - Brokerage | Listed by: SBX Business Brokers


Key Strengths:


About the business

Hostel - Accommodation - Under Management - Leasehold - Newcastle Area - Agent SBX Code Number: CB1319

Hostel accommodation of 21 rooms, recently refurbished, catering to budget conscious travelers - Accommodation extends over 2 storeys of the hotel premises, and rooms feature queen beds, tea/coffee making facilities and access to a guest kitchen and lounge area - Shower and toilet facilities are shared - One room is utilised for the on-site caretaker / manager.

Potential
Precinct is undergoing massive renewal - Large building projects in progress - some minor cosmetic attention required. - Refresh current client profile to utilise premises as Budget Motel

Features
Catering to demand for budget accommodation - Great location - Close to all amenities - Close to University - Easily run - Consistent demand - Cheap rates. - Under management.

Premises
Older style building with an area of 800 sq. mts. with residential portion of popular newly renovated hotel available.

Location
Corner location with frontage to main street in Newcastle area.

Trading Hours
As required.

Lease
New 25 year lease - C.P.I. increases - Bond 3 months.

Employees
1 caretaker

Comments
Income is gst inclusive.

Figures
Weekly Sales $4600
Rent (ex GST) $2400
Wages $250
Profit $1525


Agent SBX Code Number: CB1319 - SBX Business Brokers
Know someone that could be interested in this?
Asking Price:
$125,000
Yearly Profit :

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Country

Australia

State

New South Wales

Suburb

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Postcode

2300

Locality

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Established on
1988

Revenue

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EBITDA

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No. of employees

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Lease period

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Stock

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Contact Details Verified

EmailEmail Address

Email Broker Verified

Advertiser Details
Company Logo
New South Wales
Australia
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