Sell with LINK
As an owner, you know that every major business decision demands careful thought and preparation. And what bigger decision is there then choosing to sell? For over 25 years our experienced brokers have helped owners sell their businesses better with proven processes and complete confidentiality.
Buy with LINK
Buying a business is an exciting time and will prove to be one the most impactful decisions you will make in your lifetime. Register for business for sale alerts so you never miss an opportunity, and let us guide you through the process.
Knowledge Hub
Join LINK
Contact Us
We’re here to help. Get intouch and let the business sales experts help your on your next adventure.
Refer to Broker
Refer to Broker
FREEHOLD & BUSINESS OPPORTUNITY
LINK Business is proud to have the exclusive opportunity to offer for sale the popular and highly sought-after The Pickled Frog Hostel, located in the busy Hobart CBD.
This business showcases a growing guest history with outstanding growth opportunity whilst at the same time an ideal business for savvy investor to run under management.
– No. 1 Hostel in Tasmania 6 of the last 7 years
– Revenue increasing every year
– Big potential for extra revenue through the bar with excellent liquor license conditions
– Guest Car Park – one of only two hostels with a car park
– ‘Stables’ – room out the back has potential to sleep up to another 14 guests as is STCA.
– Development potential where the Car park could be expanded or built on (STCA)
– Has only recently joined third party booking sites (OTAs)
– Scope to join AirBnb
– Scope to increase rates over peak periods.
– Recently (4 years ago) installed natural gas system for hot water
– 16 years lease 1 + 5 + 5 + 5
– Minimal reception staff / wages. Only one staff member on at a time.
– All staff have been paid as casuals
– Business has never really done any marketing. Has only on relied on word-of-mouth and online reviews
– 1100 SQM Block with huge development potential (STCA)
– Prince includes $110,000 in plant & equipment
– 18% ROI with the FREEHOLD
– 34% ROI Business as a going concern
– BEST VALUE INVESTMENT IN HOBART RIGHT NOW
Don't let this opportunity pass you by.
Ref: TA00056
Farzin Hesari
Phone: +61 3 6135 4446
Mobile: +61 401 009 469
Email: farzin.hesari@linkbusiness.com.au
To complete an online confidentiality agreement visit this business at:
http://www.linkbusiness.com.au/TA00056
THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
Buying a business is an exciting time and will prove to be one the most impactful decisions you will make in your lifetime. We’re here to help you on your journey.
Discover what you can afford, how much your loan repayments may be, and how much you could earn.
Register your details and receive priority email notifications about businesses for sale that meet your preferred price range, location or industry.
Browse by industry
© 2023 LINK International Group Ltd.
"*" indicates required fields