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Backpacker Hostel Business For Sale in Magnetic Island Townsville Mackay QLD

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Freehold Boutique Backpackers Hostel And Guest House ? Magnetic Island

Location:Magnetic Island, Townsville Mackay, Queensland

Category:Backpacker Hostel, Hotel Motel B and B, Accommodation

Asking Price:Freehold Price: $550

550000

  • Sales revenue : Undisclosed
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Freehold Boutique Backpackers Hostel And Guest House ? Magnetic Island
  • Freehold Boutique Backpackers Hostel And Guest House ? Magnetic Island
  • Freehold Boutique Backpackers Hostel And Guest House ? Magnetic Island
  • Freehold Boutique Backpackers Hostel And Guest House ? Magnetic Island
  • Freehold Boutique Backpackers Hostel And Guest House ? Magnetic Island
  • Freehold Boutique Backpackers Hostel And Guest House ? Magnetic Island
  • Freehold Boutique Backpackers Hostel And Guest House ? Magnetic Island
  • Freehold Boutique Backpackers Hostel And Guest House ? Magnetic Island
  • Freehold Boutique Backpackers Hostel And Guest House ? Magnetic Island
  • Freehold Boutique Backpackers Hostel And Guest House ? Magnetic Island

Business description

Business ID: CTOC1596

Amazing Sea-change Opportunity. 9.4 Ratings on Booking.com. Turnover $130k+. Huge potential for growth. Freehold business and property on beautiful Magnetic Island.

This has to be one of the best sea-change opportunities you'll come across this year, offering a solid foothold in the rapidly growing holiday accommodation industry. This great boutique hostel addresses a unique market opportunity and demographic, combining budget hostel accommodation with a guest need for privacy.

-Just 8kms offshore from Townsville, Magnetic Island is one of Queensland's premier holiday destinations

-Freehold Land – 1,000 m2; building – 423 m2

-15 Private rooms with modern shared kitchen and lounge, and ablution facilities

-Office plus recently modernised manager's residence

-Crystal clear pool, tidy garden and BBQ area

-CStay provide private rooms for young couples seeking respite from noisy dorms, as well as friends who travel together and enjoy some peace and quiet

-CStay also targets special interest groups, such as the annual Music on Magnetic convention, which has booked the entire hostel four years in a row

-CStay has undergone significant renovations over the past six years, with all equipment near-new. (Retiled floors in the lounge and kitchen area, modern kitchen, upgraded communal bathrooms, all bed frames replaced; new bedside tables, new bar fridges, new air-conditioners)

-State-of-the-art Wi-Fi network installed - definite draw card.

-8 camera video surveillance system

-Second 316-litre hot water system installed

-New commercial washer, commercial dryer + domestic washer for owner's use

-10kW solar system has reduced electrical expenses by 27% on a year-to-year basis

-Around 54m2 on the upper level could be turned into 6 more rooms or a small self-contained flat

-Active business arrangement with local bicycle hire company - 40% commission for each hire

Located on a beautiful tropical island, CStay was ‘rescued' by the current owner in 2012 and transformed into a very successful business, with yet more potential still untapped, so this is your opportunity to snap up an amazing business and lifestyle!

Freehold Price $550,000

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