Busy Coastal hotel situated in a prime highway position close to the business hub, large residential area and all town amenities.
The town is supported by a large mixed farming, grazing and fishing industry and enjoys a busy tourist season. The hotel has a continuous stream of locals travellers and tourists and enjoys a very robust trade with an average weekly turnover of $100,000 plus Gaming.
Restaurant and Bar
8 Gaming Machines, Keno
Liquor Barn / Bottle Drive Through
11 Rooms to let
Owners / Managers unit
Exceptional opportunity to purchase a brand New 20 year lease on a hotel with a $5 million turnover plus Gaming and an expected nett profit of $350,000 after rent and operating expenses.
Turnover for the calendar year January to December 2020 $6 Million plus gaming.
This hotel is an outstanding consistent performer which should show an 80% return on purchase price and will almost pay for itself in the first 12 months
The owners have operated the hotel for the past 15 years and wish to retire.
This is an opportunity too good to miss.
The hotel is in very good condition having been recently renovated and refurbished. Hotels of this caliber are very seldom available at this price.
Be first to inspect. Further particulars of this outstanding performer phone Bill Lee 0418 777 727
|Price||Outstanding Hotel Lease $400,000|