Link Business

**FREEHOLD** The Pickled Frog Backpackers & Hostel

CONTACT AGENTHobart & SouthernListing: #TA00056


Hobart & Southern businesses for sale


CONTACT AGENT

Accommodation/Tourism businesses for sale
Backpacker/Hostel businesses for sale, Hobart & Southern
$343,000


About this business for sale

**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

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

Tasmania
farzin.hesari@linkbusiness.com.au
+61 3 6135 4446
+61 401 009 469

Farzin Hesari

Tasmania
luke.vanderstaay@linkbusiness.com.au
+61 3 6135 4446
+61 428 875 826