Backpacker/Hostel Opportunity

Abbotsford
Ref: 6993
$50,000 Plus GST

Backpacker/Hostel Opportunity

Abbotsford
$50,000 Plus GST

Description

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Looking to set up an accommodation business ?
Opportunity to recommence operation
Operated successfully for many years
Business recently ceased trading
Looking for experienced accommodation operator
Excellent corner location on Hoddle Street Abbotsford
Permit in place for Accommodation / Hostel
Registered to accommodate 47 beds in 16 rooms
Rental of $135,000 per annum plus outgoings
Long secure lease on offer of 5+5+5+5 years
Rental bank guarantee equivalent to 4 months rent
Rent free period on offer to qualified purchaser
Previous occupancy rates between 80-84%
Can re-apply for liquor license
Opportunity to introduce food aspect to the business
Premises partially fitted out and includes all bedding
Excellent business opportunity
Minimal capital outlay required
Please note, no financial information available
Offers in excess of $50,000 plus GST considered
Call Matthew Cheung to arrange inspection

This business is exclusively listed with BPA Business Brokers
Our Ref: 6993

Location