Buying a lifestyle business property
If you’re visiting our website to look for B&Bs for sale – or any other type of tourist accommodation for that matter– you’re probably aware that the process of buying a lifestyle business is a journey.
After all, it’s a big step. You’re not just buying a home; you’re also buying a business, and it’ll probably mean relocating.
So there’s plenty of homework to do before you commit to buying your dream bed and breakfast or that secluded cottage retreat in the rainforest.
It makes sense to do plenty of research, and you may look at quite a few properties before you find the one that’s perfect for your lifestyle and your budget. We’ve seen that when people have done their homework and looked at a range of properties, they’re in a position to move quickly when the right one comes along.
As a specialist in selling lifestyle businesses, we know that each of these properties is unique and your ideal property might not be on the market yet so don’t despair if you can’t find your perfect match right now on our listings.
Give us a call to discuss your plans because we’re in contact with owners of lifestyle businesses around south-east Queensland and we might be about to list your dream B&B for sale.
If you make contact, we can also let you know when a suitable property comes up for sale.
Questions to ask when buying a lifestyle business property
If you’re starting on the journey of purchasing a tourist accommodation business, here are a few points to consider when you’re looking at properties for sale. There’s no right or wrong answer to these questions, but it’s useful to make your evaluations when assessing lifestyle businesses for sale.
How much can I afford?
This should be the first question you consider because the answer might dictate the location and the type of property you buy. In general, you’ll probably find that a B&B or cottage property in an established tourist destination will command a higher price tag than a similar property in a less accessible location.
Cottages and cabins will often come with a more substantial property than a traditional bed and breakfast, so you’re buying more land although this isn’t always the case.
Traditional B&B or self-contained cottages and cabins… which suits me best?
What level of interaction to do you with your customers? If you’re a gregarious gourmet cook, then you’ll be in your element in a traditional bed and breakfast but if you’re a hopeless cook, you’ might be better suited to look at self-contained accommodation with kitchen facilities and nearby restaurants and cafes.
Location?
Is the B&B or cottage resort in an area where you want to live?
Is it an excellent location for that type of business? The perfect place for romantic cottages might be slightly different to the ideal location for a motel or backpackers accommodation where your business might include a fair proportion of walk-in business from passing travellers.
Is it a popular tourist destination? If not, is it a peaceful, secluded location in a natural setting? Or is it near an attraction that draws people to the area?
South East Queensland
South East Queensland has many locations that are attractive holiday destinations, including the Sunshine Coast, Glasshouse Mountains, Noosa-Eumundi Hinterland, Gold Coast Hinterland, Granite Belt and Darling Downs.
For someone buying a tourist accommodation business, the beautiful thing about these tourist regions is that they’re all less than two hours drive from Queensland’s key population centres in Brisbane, the Gold Coast and the Sunshine Coast.
You couldn’t find a better place than South East Queensland to look for a lifestyle business property for sale. They’re all blessed with natural beauty, from the rainforests of Montville, Maleny and Tamborine Mountain to the wineries of the Granite Belt, the ancient crags of the Glasshouse Mountains and the sweeping views and wide open spaces of the Darling Downs.
In the Sunshine Coast Hinterland, you’ll find towns like Maleny, Montville and Flaxton, all of which have the critical ingredients for a successful lifestyle business property. We have some properties for sale in this region and many contacts in the tourist accommodation industry throughout the hinterland so please give us a call if we can help you find your dream lifestyle property.