Visit this listing at https://www.sbx.com.au/business?id=CB1165

Business Code: CB1165

Key Features: Profit $8,580 pw - Near Tamworth - Great business

State: NSW

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

Description

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 which consists of 23 rooms over two storeys, with shared facilities and guest lounge, kitchenette on first floor is subject to a recent fire compliance order and is currently not utilised - Separate room for 5 late model poker machines plus an ATM and cigarettes dispensed by machine. - Games room has 2 pool tables and jukebox. - TAB and Keno enjoy good patronage.

Summary

  • Features: Dominant position. - Great reputation. - Good margins. - High demand for dining and functions. - Long lease. - Top quality premises.
  • Potential: Finalise website presentation. - Install kids play area and complete beer garden shelter. - Freehold available.
  • Premises: Magnificent 3 storey Federation era premises, with renewed verandahs, in excellent condition with an area of 1800 sq.mts.
  • 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 + 5 + 5 year lease available - C.P.I. increases - 3 months bond.
  • Employees: 1 owner + 1 full timer + 12 casuals.
  • Comments: Misc 1 - Cleaning and waste removal - Misc 2 - Entertainment ($200) Replacements ($205) Eftpos ($200) - Cost of goods includes poker machine taxes, monitoring and payouts. - New CCTV system with remote access installed. - Income is gst inclusive.-

Weekly Summary

Weekly Takings (inc GST)

$60,500

Cost of Goods

$38,200

Gross Profit

$22,300

Rent

$3,500

Wages

$6,550

Outgoings

$230

Telephone

$110

Insurance

$880

Electricity

$1,575

Misc1

$300

Misc2

$605

Total Expenses

$13,720

Estimated Stock (Additional)

$100,000

Net Profit

$8,580

Price

$300,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Hotel - Leasehold

Business Code: CB1165

Key Features: Profit $8,580 pw - Near Tamworth - Great business

State: NSW

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

Description

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 which consists of 23 rooms over two storeys, with shared facilities and guest lounge, kitchenette on first floor is subject to a recent fire compliance order and is currently not utilised - Separate room for 5 late model poker machines plus an ATM and cigarettes dispensed by machine. - Games room has 2 pool tables and jukebox. - TAB and Keno enjoy good patronage.

Summary

  • Features: Dominant position. - Great reputation. - Good margins. - High demand for dining and functions. - Long lease. - Top quality premises.
  • Potential: Finalise website presentation. - Install kids play area and complete beer garden shelter. - Freehold available.
  • Premises: Magnificent 3 storey Federation era premises, with renewed verandahs, in excellent condition with an area of 1800 sq.mts.
  • 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 + 5 + 5 year lease available - C.P.I. increases - 3 months bond.
  • Employees: 1 owner + 1 full timer + 12 casuals.
  • Comments: Misc 1 - Cleaning and waste removal - Misc 2 - Entertainment ($200) Replacements ($205) Eftpos ($200) - Cost of goods includes poker machine taxes, monitoring and payouts. - New CCTV system with remote access installed. - Income is gst inclusive.-

Weekly Summary

Weekly Takings
(inc GST)

$60,500

Cost of Goods

$38,200

Gross Profit

$22,300

Rent (ex GST)

$3,500

Wages

$6,550

Outgoings

$230

Telephone

$110

Insurance

$880

Electricity

$1,575

Misc1

$300

Misc2

$605

Total Expenses

$13,720

Estimated Stock (Additional)

$100,000

Net Profit

$8,580

Price

$300,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.