Insite Realty Lifestyles is a Queensland real estate agency specialising in lifestyle business properties including bed and breakfast operations, holiday cottages and other types of tourist accommodation.
Based on Queensland’s Sunshine Coast, Insite Realty Lifestyle’s Doug Ison is well-placed to support buyers who are looking for their dream B&B or a secluded rainforest property with a few cottages to provide a balance of income and lifestyle.
One of Australia’s most popular tourism regions, South-East Queensland is the ideal place to start if you’re looking for a tourist accommodation business and property.
For Doug, it’s always a pleasure to be showing buyers around B&Bs for sale in places like Montville and Maleny in the Sunshine Coast Hinterland or the Noosa-Eumundi Hinterland.
What is a Lifestyle Business Property?
Lifestyle businesses take many forms but their common feature is that they provide a balance between business and lifestyle, allowing you to earn an income while enjoying life and sometimes sharing a personal passion. Perhaps you’ve always dreamed of having a B&B with a day spa or cooking school, or maybe a wellness retreat with accommodation and facilities for yoga classes and various workshops.
Lifestyle businesses come in all shapes and sizes so you’re sure to find the business that suits you. Perhaps your dream is a bed and breakfast providing guests with a friendly welcome, the comforts of home and a delicious cooked breakfast.
Maybe you’d prefer more land with a separate residence and a set of secluded cottages tucked away in the rainforest to host romantic getaways.
Click here to see our listings of properties for sale which include traditional bed and breakfast operations and cottage properties.
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’ve probably aware that the process of buying a lifestyle business is like 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 found 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 quite 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 of accommodation properties for sale.
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 just 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 just starting on the journey of buying 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 consider them when assessing lifestyle businesses for sale.
How much can you afford?
This should be the first question you consider because the answer might dictate location and the type of property you buy.
A B&B or cottage property in an established tourist destination will generally command a higher price tag than a similar property in a less popular location.
Cottages and cabins will often come with a larger property than a traditional bed and breakfast so you’re buying more land and can expect to pay more, although this isn’t always the case.
Traditional B&B or self-contained cottages and cabins … which suits you 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 not so confident in the Kitchen, you might be better suited to look at self-contained accommodation with kitchen facilities and nearby restaurants and cafes.
Finding a good location for a tourist accommodation business
Is the B&B or cottage resort in a location where you want to live?
Is it a good location for that type of business? The perfect location 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 many locations that are popular holiday destinations, including the Sunshine Coast Hinterland, Glasshouse Mountains, Noosa-Eumundi Hinterland, Gold Coast Hinterland, Granite Belt and Darling Downs.
For someone buying a tourist accommodation business, a key advantage of 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.
And 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.
So you couldn’t find a better place than south-east Queensland to look for a lifestyle business property for sale, no matter whether you’re looking for a traditional B&B, a farm-stay, a couple-only retreat with secluded cabins or self-contained family holiday cottages.