21A Bridge StreetRichmond TAS 7025
Property Details for 21a Bridge St, Richmond
Last Listing description (June 2024)
We are excited to present a unique, easy-to-operate & highly profitable business owned by the same owner since its inception circa Sep 1990.
With YOY increasing profits, it is an ideal opportunity for an astute investor, individual, family or anyone for that matter who is looking for a business that allows great work-life balance, limited work, great income and more than that convenience of living seconds away from work, a full package that includes property in extremely popular & tourist town in southern Tasmania.
Earning approx 66% net profit on total sales, this business is truly a delight for any operator.
Current owner has enjoyed great income and lifestyle over the years, one would be proud to own this masterpiece in Tasmania.
The property itself is approx 1.14 acres and comprises a 4-bedroom house that is ready to welcome new owners.
Some salient features of this opportunity:
> Easy to operate, one owner spends only 2 days per week in the business.
> All the hard work has been done, new owners start making money from day 1.
> Owner advice and we believe, with minimal overheads, it is hard to find a similar FHGC business at this price.
> Can be operated with one working couple or one owner with a casual staff member.
> Comes with a solid home that has been recently painted, ready to welcome new owners.
> Full training & handover with extended support is available for a smooth transition.*
> 90% of business operation requires only 1 staff/ owner. Potential to run under management.
> Sky is the limit. This property offers huge potential to increase revenue and profits by building more accommodation, cafe (STCA) if required by new owners.
> Congenial work schedule and fantastic work environment.
> Tourism Tas says 1.5 million approx intrastate visitors in Sth Tasmania for the period ending March 2023.
> Excellent setup, always in demand, ever-changing clientele ensuring sustainability.
> Enjoy the country lifestyle, yet only 25 minutes drive from bustling Hobart CBD.
> Netting>$300K in FY23.
Plenty of upsides, an inspection is highly recommended. Please fill in a confidentiality agreement on our website for a detailed information package. Financials will be provided to qualified buyers.
A business that you fall in love with.
Contact our professional business brokers for a confidential discussion. Do not hesitate to contact Praveen Pant at 0432 256 682 email-praveenp@tasbps.com.au or Paul Scott at 0477 771 098 email: pauls@tasbps.com.au
INTENDING PURCHASERS TO MAKE THEIR 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.
NOTE: All figures are approximate.
Property Code: 1063
Property History for 21a Bridge St, Richmond, TAS 7025
- 29 Nov 2022Listed for Sale Offers over $1.8m SAV.
- 01 Dec 1989Sold for $50,000
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0About Richmond 7025
The size of Richmond is approximately 89.9 square kilometres. It has 6 parks covering nearly 0.3% of total area. The population of Richmond in 2011 was 1,609 people. By 2016 the population was 1,461 showing a population decline of 9.2% in the area during that time. The predominant age group in Richmond is 50-59 years. Households in Richmond are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Richmond work in a professional occupation. In 2011, 80.8% of the homes in Richmond were owner-occupied compared with 80% in 2016.
Richmond has 859 properties. Over the last 5 years, Houses in Richmond have seen a 55.12% increase in median value, while Units have seen a 90.99% increase. As at 30 November 2024:
- The median value for Houses in Richmond is $822,561 while the median value for Units is $503,814.
- Houses have a median rent of $538.
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