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Motivated vendors offer this fantastic freehold going concern, now the only Backpackers/Hostel in town or consider the redevelopment options!
Located on one of Whanagamata’s best street’s surrounded by high quality beach homes this cross lease, zoned local commercial, is not to be missed!
Established and managed by the same owners since 1991.
Permitted and licensed for 14, this hostel has provided a comfortable lifestyle for the owners who wish to retire.
The two storey original building is clad with ply & batten, weatherboards and is roofed with long run iron. The owners upstairs accommodation has 3 bedrooms, sun room, kitchen, bath room with separate toilet.
The downstairs hostel includes cooking and washing facilities providing budget accommodation for up to 14 guests.
The building is fire proofed with a monitored fire alarm system throughout.
The vendors have also submitted an application to the council updating the flats plan to include the single garage.
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*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.
Buying a business should be exciting, but it can quickly become stressful if you don’t have experience in accessing business acquisition loans.
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