Turnover average $100,000 per week plus Gaming

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 contiuous stream of locals travellers and touridsts and enjoys a very robust trade with an average weekly turnover of $100,000 plus Gaming.

Comprising

Large Bar

Restaurant and Bar

8 Gaming Machines, Keno

Beer Garden

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 $5million turnover plus Gaming and an expected nett profit of $350,000 after rent and operatiing expenses, and the rent is covered by the poker machine profit.

This hotel is an outstanding consistent performer which will show a 100% return on purchase price. 

The lease was listed for sale at $400,000 plus stock of approximately $200,000.  The owners have operated the hotel for the past 15 years and wish to retire and have reduced the price to $300,000 plus stock. An opportunity too good to miss. 

The hotel is in very good condition having been recently renovated and refurbished. Hotels of this calibre are very seldom available at this price. 

Be firrst to inspect. Further particulars and inspection of this outstanding performer phone Bill Lee 0418 777 727

 

State QLD
Price Outstanding Hotel Lease Reduced to n$300,000
Property Type commercial
Property ID 309
Category Hotel/Leisure
Office Area 1m2

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Bill Lee

0418777727
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