SOLD- Hostel Accommodation, Bar and Restaurant – The Gap, Alice Springs NT

Business ID: BS150394

Turnover: $1-1.25m – Liquor License - Award Winning Accommodation

This Turnkey Operation (with all SOPs in place) comprises Accommodation, an on-site Craft Beer Bar and Asian Fusion Restaurant.

Boasting an excellent location – and newly renovated in 2017 – there is huge potential to better utilize the facilities – especially given the demand for accommodation in Alice Springs.

Business Highlights

-First craft beer bar in Central Australia - still offers the best craft beer selection
-Weekly live music sessions - popular go-to for locals
-Well known for casual dining and parties
-Award-winning accommodation - Best Backpacker NT 2018 and 2019
-28 rooms (17 ensuite and 11 room-only with shared bathroom) - brand new AC installed
-Leasehold premises on 1839 sqm block
-$250,000+ spent on building improvements
-Over $277,000 of assets bought over last 5 years
-Located opposite the football oval - Next to school and hospital
-2 Websites + Facebook and Instagram with more than 5,000 followers
-Staff includes Fulltime Venue Manager, 2 Fulltime chefs + casual
-2 -3 Weeks Training free of charge will be provided to ensure a smooth hand over
-Vendor Finance Available

Currently, the business offers limited accommodation – and only opens for around 40 hours a week in the bar. There is enormous potential to extend the trading hours and offer breakfast, lunch, and dinner – and perhaps a cocktail bar if desired. A new owner could easily open more rooms and better market the facilities through xxxxx and similar sites.

The current owner has two other business commitments and a growing family to focus on – and is soon to move overseas. This business would be suitable for owner operators/family, or a savvy investor could run under management. With future growth potential still untapped this is the perfect opportunity to snap up an amazing business and lifestyle!

Price: $270,000 + SAV

Property Code: 2849