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Hotel - Leasehold - Great business

Business for Sale
Hotel - Leasehold - Great business
NSW

Hotel - Leasehold - North West N.S.W. - Agent SBX Code Number: CB1165 Leasehold hotel which includes a function room with 200 seat capacity with its own bar. - A popular restaurant / bistro whic...

Price $300,000.00

Hotel - Leasehold - Great business

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
Hotel - Leasehold - North West N.S.W. - Agent SBX Code Number: CB1165



Leasehold hotel which includes a function room with 200 seat capacity with its own bar. - A popular restaurant / bistro which seats 90. - The hotel has reverse cycle air conditioning and a glycol system supplying 3 bars and 12 taps. - The commercial kitchen is well equipped, modern and has a pizza oven. - A drive-through bottleshop enjoys huge demand and is separately staffed. - Accommodation consists of 23 rooms over two storeys, with shared facilities and guest lounge, kitchenette on first floor. - Separate room for 5 poker machines plus an ATM and cigarettes dispensed by machine. - Games room has 2 pool tables and jukebox.



Potential

Could reintroduce TAB. - Finalise website presentation. - Install kids play area and complete beer garden shelter. Freehold available.



Features

Dominant position. - Great reputation. -Good margins. - High demand for dining and functions. - Long lease. - Top quality premises.



Premises

Magnificent 3 storey Federation era premises, with renewed verandahs, in excellent condition with an area of 1800 sq.mts.



Location

Unopposed position in thriving North West rural town which is hub of Australian cotton production.



Trading Hours

7 days - Mon. - Wed. - 5.00 a.m. - 12.00 p.m. -Thurs. - Sat. - 5.00 a.m. - 2.00 p.m. - Sun.- 10.00 a.m. - 10.00 p.m.



Lease

New 5 x 5 x 5 year lease available - C.P.I. increases - 3 months bond.



Employees

1 owner + 1 full timer + 12 casuals.



Comments

Misc 1 - Cleaning, bar supplies and security. - Misc 2 - Freight and cartage. - Cost of goods includes poker machine taxes, monitoring and payouts. - New CCTV system with remote access installed. - The kitchen is sublet on a rolling 3 months agreement with figures not included in profile. Pool table and juke box remain property of supplier. - Bottleshop upgrade involves supplier agreement to be maintained. - Freehold available for $2,000,000. - see CB1115



Agent SBX Code Number: CB1165 - Sydney Business Exchange

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SBX Business Brokers
P: 02 9439 4403

Bsale ID: 105857
SBX ID: CB1165




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