Listing ID: 753
This is a very rare opportunity to take over one of South Australia's and Coober Pedy's most unique underground tourist attractions, the Old Timers Mine, comprising a 1916 hand dug opal mine, museum, shop and underground home.
With the hard work done, and this multi-tourism award-winning business thriving, this is the perfect excuse to take up residence in one of Australia's most fascinating locations.
Located on the Stuart Highway, some 846km from Adelaide, Coober Pedy is known as the opal capital of the world, and is home to a cosmopolitan population of 3,500, comprising more than 45 different nationalities.
This very successful tourism business is offered leasehold, but there is an option to purchase the freehold, and a home, too. The Old Timers Mine currently attracts 15,000 to 20,000 visitors per year, with a turnover of $467,000 and $500,000 pa.
The mine itself, which turns 100 this year, was discovered when Ron Gough extended the adjacent underground home, finding newspaper clippings dating back to 1927. The current owners have run the business for the last 11 years.
The business comprises self-guided tours in several languages, opal mining machine demonstrations, and opal sales, including online sales of around $20,000 per year with strong growth potential.
At a glance:
- Multi income stream business with potential for further growth by building coach market and increasing online bookings and sales
- Retail/people skills an advantage, and knowledge of opal industry but not a necessity - training can be given
- 75-80% of customers are Australian, including grey nomads, families, students and backpackers
Visit these links to watch a video about Old Timers Mine:
This unusual business is ready to take to the next stage in a rapidly growing tourist region, and the current owner will consider all serious offers.
Price: $280,000 inc stock plus 7-seater vehicle
Residence is also available for $230,000
Coober Pedy, South Australia 5723