An excellent opportunity to purchase an established, well presented and perfectly located, fully furnished and licensed freehold backpackers hostel.
Cutters Lodge, as it is known has been operating for 10 years as a family business, with onsite accommodation for owners.
Licensed for 11 guests, this business is the perfect opportunity to live and work from home, whilst generating a revenue potential in excess of $80,000 per annum.
This property features 5 bedrooms, 2 bathrooms, 2 toilets, laundry, computer room, triple car garage plus additional off street parking, owners residence and landscaped gardens with BBQ, Pizza Oven, outdoor furniture, garden tools (lawn mower, hedge trimmer, whipper snipper etc).
The high set home on large 1200m2 block is within walking distance to the centre of town, bus depot, local schools, hospital and amenities.
With absolutely nothing to spend (this business is being sold with EVERYTHING including cutlery, linen, appliances, etc) the new owners simply walk in and take over the business with instant income and rewards.
Current owner will provide 2 weeks handover to new buyers.
This freehold home and business opportuniity is a must see, and has provided current owners with a fantastic lifestyle for the past 10 years.
Market Conditions & CompetitionThere are several other short term accommodation facilities in town (mostly larger operations) however none this size, with the history and stability of this one.
With application to the local council, additional bed numbers could be permitted up to 16.
Financial SummaryIn the past 10 years, this small business has stood up to much adversity, including cyclones and seasonal downturn. Current guests include people who have been living onsite for over 5 years, return truck drivers year after year, tradespeople working in Innisfail, some fruit pickers, etc.
The business is very easy to run, easy to clean, easy to manage and maintain, and can be run by one person on a casual basis living onsite.
Maybe you have a regular job, and just want to create an additional income stream. This business would be ideal for that.
Training & SupportCurrent owners will support buyer with 2 weeks handover.
Reason for SellingCurrent owners have other business ventures in Melbourne they want to focus on.