Bed and Breakfast business – Brisbane City
Accommodation and Tourism
Due to the recent unexpected Coronavirus situation and the owners impending retirement the price of the lease is now only $95 000 WIWO.
Most successful and highly rated Brisbane city-fringe, heritage old “Queenslander” Bed & Breakfast business. Located within walking distance of the CBD, Brisbane River and all other City places of interest.
Rated number 2 B&B`s in all of Brisbane on Trip Advisor with 430 "exceptional" reviews. Rated 9.6 on Hotels.com and rated #1 in Brisbane 2019 Trivago.
Current operator after 7-years of building the business to mainly overseas/international visitors (70/30 ratio overseas/domestic guests) now wishes to retire.
The freehold and B&B business is being offered on a WIWO basis (Freehold $1.35m) or the lease only with 7.5 years remaining and possibility to renegotiate any preferred term for ONLY $95000 (previously advertised pre-pandemic for $250000)
This amazing City lifestyle business would ideally suit a couple wishing to operate a very independent style of business (no franchise, no bosses etc.) Huge opportunity to expand present operations as the present owner only opens 36-40 weeks/year.
Please note that it was necessary to close the business on 23 March as per Government directives but will reopen 1 July but trading is initially expected to be slow but this will offer an ideal opportunity for a working couple to transition into the business. Forward reservations for 2021 are already be accepted.
PLEASE No Agents or overseas enquiries that do not hold appropriate Australian Residence Visa/s.
Full Trading details will only be provided once a personal meeting/inspection has been conducted.
- Business Category: Accommodation and Tourism
- Business Plan exists?: Yes
- Marketing Plan/Research?: Yes
- Property Included?: Yes
- Sale Type: Buy Out
- Business Development (in place): Yes
- Budget in place: Yes
- Financing Available: No
- Trial Period: No
- Address: 1 Thornbury Street, Spring Hill, QLD, Brisbane, Queensland.
Name: Geof Harland
Phone: 0412 649 404