Australia Forum banner
Status
Not open for further replies.
1 - 3 of 3 Posts

·
Registered
Joined
·
8 Posts
Discussion Starter · #1 · (Edited)
We are Australian citizens who are seeking to purchase a 60 room hotel leasehold in Central Queensland.

Buying a profitable business in Australia is not cheap, and we would need an outside investor to do it.

The amount we are seeking may actually suit someone who is looking to apply for a Subclass 188 Business Innovation and Investment (Provisional) Visa.

This is because it would give them "Ownership in one more business for at least 2 of the previous 4 financial years, which must have had an annual turnover of at least AUD $500,000 in those years". The business has a turnover of more than AUD $3,000,000.

This business (easily) meets the " annual turnover of at least AUD $500,000 in those years" criteria.

The amount needed is approx $1.4M, but using financing the deposit amount could be as low as $800k, which we understand is around the Subclass 188 visa amount required.

The business is profitable (>20% ROI).

Where is the best place to reach potential Australian immigrants who might be interested in something like this?
 
1 - 3 of 3 Posts
Status
Not open for further replies.
Top