Price Reduced

Picturesque Southern Downs lifestyle business, with Development Approval

Ranked as one of the best working hostels in Australia, Summit Backpackers in Stanthorpe is rapidly expanding. Constant growth over the past three years has provided the current owners with enough incentive to go through the arduous task of gaining development approval to double its size. All the hard work of the application process has been completed, with approval received. Highly profitable lifestyle business, with immediate plans for expansion. Stage 1 capital costs are expected to be less than half a million dollars. This outlay will show a 20% return on investment. Cashed up buyers looking for a solid return on their investment, should enquire today.

  • Recent DA approval to double capacity
  • Key contacts with local farms
  • Government backed contracts
  • Large four bedroom manager's residence
  • Projected Net Profit $320K - $330K
  • Can be run under management
  • Great location in Granite Belt Food and Wine Bowl
  • Growing turnover through traditional slow winter season
  • Refurbishment not required, opportunity for growth through DA implementation
  • Property inspections are by appointment only
Jason Vogler

Interested? Why not give Jason Vogler a call on 0427 431 213 or