**FREEHOLD** The Pickled Frog Backpackers & Hostel

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

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