Melbourne, Victoria 3000

Your Chance to Escape - State Of The Art Hostel

For Sale | $1,250,000

Backpacker/Hostel Guest House/B&B Hotel

NOTE THIS INVESTMENT IS IN SURFERS PARADISE

Tequila Sunrise Hostel in Surfers Paradise, Gold Coast is a state if the art facility built on the back of many years of experience and success buy the vendor, noting it is being sold with a secure investment with 10+10-year lease.

Since it opened to public at the end of March 2021, it has ranked first place among all the hostels in Surfers Paradise in the number of bookings and has an average of 85% occupancy rate.

It is a brand-new 100 bed Hostel will all new state of the art facilities and a beautiful balcony facing Gold Coast Highway and one block from the beach.

The design of the hostel is unique with style capsule pods that allow to operate with low costs compared to industry standards. It is the owners sixth hostel to be opened having put more than 10 years' experience in the design. This means that the hostel has sufficient capacity to operate profitably in serious adverse circumstances as it has an efficient design.

The hostel has a fantastic atmosphere for international travellers, with cost effective design and fantastic brand-new facilities. Excellent management team in place.

With expected income of over of $800,000+ per year. The business is being sold for $1,250,000, with an estimated return on the investment in 3.5 years.

As everything is new, you won't need to invest in maintenance or renovations, and you will receive the hostel with an already acquired group of customers.

Rent is extremely good at $150,000 per annum - Plus GST, while other hostels in the same area are paying $400,000 per year for the same 100 beds.

Sales can be predicted to be higher in the coming months, when the recovery in tourism picks up.

The hostel is delivered fully functioning, with human resources specialized in administration and guest care.

The hostel location has been praised the mostly by our customers & Soon Cali Beach Club will open to public which is right in front of the property and will bring additional demand.

The sale will prove to be a Great Investment.

Contact me today to express your interest, noting you will need to sign a confidentiality agreement before further information is supplied.

Peter Hurrell
peter@excelbbs.com.au - 0407 973 726

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Overview

This Backpacker/Hostel Business is one of 138 businesses for sale in Melbourne City, Victoria, and one of 3 Backpacker/Hostel Businesses in this region that a business for sale currently has on offer. This Backpacker/Hostel Business is for sale in Melbourne City for the asking price of $1,250,000 and has been on market for less than 3 months.