• Australian Business Sellers and Buyers Register

Bed and Breakfast Business – Brisbane City

Accommodation and Tourism

Business Description:

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 Features:

  • Business Category: Accommodation and Tourism
  • Sale Price: $95000 - $95000
  • Profit: $100 - $100
  • Business Plan exists?: Yes
  • Marketing Plan/Research?: Yes
  • Property Included?: Yes
  • Sale Type: Buy Out
  • Business Type: Home business
  • Turn Over: $100 - $100
  • Business Development (in place): Yes
  • Budget in place: Yes
  • Financing Available: No
  • Trial Period: No

Business Location:

  • Address: 1 Thornbury Street, Spring Hill, QLD, Brisbane, Queensland.

Seller Information

Name: Geof Harland

Email: info@onethornbury.com

Phone: 0412 649 404

Listing ID: 8137

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