Hotel Leasehold Or Freehold For Sale

Business description

Hotel leasehold or freehold

Turnover: $2,500,000 pa
Profit: $300,000 pa

Hotel leasehold $650,000. (normally multiply profit by 6-7 times)
Freehold $2,300,000.
Total $2,900,000.

Place:qld regional town south west of brisbane
Established:90 years (rebuilt)

Brokers town comments:
• bustling regional centre which accommodates 26,000 residents in the district.
• the town is currently enjoying a large amount of development, with over 700 new homes approved and a number of new retail properties being constructed.
• the town has major retail anchor chains such as woolworths coles, big w & aldi, and it is also understood that the town will soon have a supa iga store.
• the town is also home to the regions big w distribution centre with over 500 employees
• the town is situated the major highway networks, ensuring a lot of passing traffic

Brokers business comments:
• fantastic corner location & one of top 3 hotels in town
• current owners focusing on the restaurant, drive through and detached bottle shop, with no effort currently applied to the front bar sales.
• opportunity to increase sales by introducing gaming, subject to approval.
• site secured for second detached bottle shop, which should be open for trade by end of the year.
• in negotiations for third detached bottle shop. Able to open three with current license.
• since the current owner started to oversee the hotels management last year, expenses have dramatically reduced from those figures represented.

Other information

Related documents:

• 
• CA