Our Ref: 18121

$1,195,000  Freehold or $375,000 Leasehold

Enquire ABOUT THIS BUSINESS

This outstanding completely refurbished property has been owned and operated by the same couple for over 10 years. Due to serious ill health necessitating long periods of hospitalisation they can no longer continue to run the business and so reluctantly they must now sell. They are prepared to sell the freehold and business assets on a walk-in walk-out basis or alternatively they are also prepared to sell a new long term lease of the business.

Features of the hotel include:

  • Freehold WIWO asking price ( Land , buildings, furniture ,plant ,equipment and goodwill): $1,195,000 plus stock at valuation
  • Two well appointed bars (public bar and lounge bar) each with their own separate toilet facilities
  • TAB with separate access from outside of hotel
  • Compact bistro / restaurant
  • Well appointed kitchen
  • Drive Thru bottle shop with large cool room and easy access/egress
  • Beer garden with separate toilet facilities and band stand area and separate bar
  • Accommodation including 6 ensuite rooms
  • 1.6m x 3.2m double sided digital sign board to front of hotel
  • On site MuzzBuzz Express coffee store

Features of the business include:

  • substantial gross revenue circa $2.0m per annum
  • strong bar sales
  • above industry gross profit margins in bottle shop
  • attractive net returns to owner operators
  • strong TAB revenue

Proposed Lease Terms include:

  • Leasehold asking Price ( Furniture , plant , equipment and goodwill ) : $375,000 plus stock at valuation
  • Initial Term: 10years
  • Optional term: 1 x 5yrs
  • Commencing Rent: $75,000 per annum (+GST)

An excellent chance to take over this well presented highly successful business.

Business Agent

Lance White
0413 734 177
(08) 9480 3277
Enquire about this business
  • This field is for validation purposes and should be left unchanged.