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we've decided its not a very good buy......still learning so thanks for all the feedback so far, its helped us make a very good decision not to go any further with it!

Thanks so much for all the replies. I certainly have a ginormous amount to learn in commercial.....i think i've just come to the realisation i know pretty well nothing! Sending off email to agent to give her green light to show other propsective buyers this deal as we're definitley passing...

thats definitley not a lifestyle we're seeking for ourselves. If we were to buy something like this we would employ someone to run it...we quit our day jobs a couple of years ago so not going to get back into a 'job' anytime soon :-) its beginning to sound like its not a very good...

This place has good reviews in Lonely Planet. We are only looking at buying a business because it would help us cashflow-wise. Our core business which is developments really doens't bring in any money until we sell which can be a challenge at times. We ran several student accomodation...

yep that $120K net is with the hubby and wife running it....occasionally if they go away on holidays themselves and take 2-3mths off then they hire someone to manage it. so based on its current net income, what would be a 'good' buy price?

8.5yrs left on lease (new lease started in 2008). Rent is increased 5% each year....They started the lease 6yrs ago at $69/annum....it is currently $73K/annum. its in the middle of the CBD (new developments going on all the time) however we wouldn't be buying the land/building...just the...

Thanks Marg. Yep thats our thoughts exactly. We're only looking at actual figures on profit/loss statement which still seems healthy....but still very unsure if this is the normal return for commercial?

We've just been presented what looks like a good cashflow business. Its a Backpackers business right in the middle of the CBD. We've got their profit/loss statements for the past 5-6yrs and each financial year the average Gross profit is $275K or Net profit of $120K. Agent tells me that...