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Full Line Hotel –pokies Plus –90k A Week

Business for Sale
Full Line Hotel - Pokies plus - 90K a week.
Canberra ACT

Full Line Hotel - Pokies plus - 90K a week.

Sold

Full Line Hotel –Pokies plus –90K a week

Stock Included:
Stock Value:
Years Est:
Gross Revenue:
This costal hotel/pub is arguably one of the most successful and
profitable pubs on the NSW Coast.  Located in a thriving costal
community and close to the things that count. This hotel has a strong
history of sales and profit, while new operators could clearly benefit
from untapped opportunities. 

Tightly held
and often sought this rare opportunity is ideal for someone looking for
high returns with a full security opportunity. 

The mix of
beverage, gaming, food and retail bottle shop provide a diversity of
income highly regarded. The accommodation component of the business is
under-perform with low average room rates.

The interstate owner
has made clear his intentions of finding a sound operator and is
prepared to seller finance (secured) operators with experience. 

The
hotel has been in the hands of the same operator for approx. 20 years
and would be ideal for a family team or collaborative team of owners. 

Some of the key features of the opportunity:
  • Large well-appointed public bar
  • Sports bar with TAB facilities
  • Gaming room with some 17 state of the art pokies - linked
  • Large and enclosed beer garden with outdoor bar
  • Free standing and detached drive thru bottle shop – local liquor banner group
  • 18 Guestrooms
Financial Performance Snapshot:

Total Sales 2011 - 2012: $4,715,050
Total Sales 2010 - 2011: $5,036,749 
Total Sales 2009 - 2010:  $5,228,563 

Profit before income tax 2011 - 2012: $469,099
Profit before income tax 2010 - 2011: $501,147
Profit before income tax 2009 - 2010: $423,746

EBITDA 2011 – 2012: $537,022
EBITDA 2010 – 2011: $587,999
EBITDA 2009 – 2010: $529,606 

Sale Terms:
  • 10 Year lease
  • Rent $40,000 per month plus outgoings
  • First right of refusal to purchase freehold
  • Vendor finance to approved purchasers. Security required
  • Register your interest
Prospective
owners with the operational experience and the financial capacity to
proceed are encouraged to contact exclusive marketing agent Frank
Walmsley for further details
 
Please note that email enquiries
from customers using @hotmail.com will not be able to be action
unfortunately. Please use an alternate email and also provide a contact
mobile or landline. Your understanding and assistance is appreciated. 
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