Visit this listing at https://www.sbx.com.au/business?id=CB1319

Business Code: CB1319

Key Features: Long established - Newcastle - Hostel - Accommodation - Under Management - Leasehold

State: NSW

Suburb: Newcastle, 2302

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

Description

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.

Summary

  • Features: Catering to demand for budget accommodation - Great location - Close to all amenities - Close to University - Easily run - Consistent demand - Cheap rates. - Under management.
  • 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
  • Premises: Older style building with an area of 800 sq. mts. with residential portion of popular newly renovated hotel available.
  • Trading Hours: As required.
  • Lease: New 25 year lease - C.P.I. increases - Bond 3 months.
  • Employees: 1 caretaker
  • Comments: Income is gst inclusive.

Weekly Summary

Weekly Takings (inc GST)

$4,600

Gross Profit

$4,600

Rent

$2,400

Wages

$250

Telephone

$25

Insurance

$100

Electricity

$300

Total Expenses

$3,075

Net Profit

$1,525

Price

$125,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Hostel - Accommodation - Under Management - Leasehold

Business Code: CB1319
Price: $125,000

Key Features: Long established - Newcastle - Hostel - Accommodation - Under Management - Leasehold

State: NSW

Suburb: Newcastle, 2302

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

Description

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.

Summary

  • Features: Catering to demand for budget accommodation - Great location - Close to all amenities - Close to University - Easily run - Consistent demand - Cheap rates. - Under management.
  • 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
  • Premises: Older style building with an area of 800 sq. mts. with residential portion of popular newly renovated hotel available.
  • Trading Hours: As required.
  • Lease: New 25 year lease - C.P.I. increases - Bond 3 months.
  • Employees: 1 caretaker
  • Comments: Income is gst inclusive.

Weekly Summary

Weekly Takings
(inc GST)

$4,600

Gross Profit

$4,600

Rent (ex GST)

$2,400

Wages

$250

Telephone

$25

Insurance

$100

Electricity

$300

Total Expenses

$3,075

Net Profit

$1,525

Price

$125,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.