Visit this listing at https://www.sbx.com.au/business?id=CB1239

Business Code: CB1239

Key Features: Long established

State: NSW

Suburb: Adelong, 2729

Location: Main street location in delightful town servicing a strong rural area in Southern Tablelands.

Description

Hotel leasehold with a single bar, heated by pot belly stove, and supplied by glycol system servicing 6 taps. - Bottle sales are from refrigerated display unit behind bar. -Separate area behind bar houses new TAB installation. - A large entertainment room contains the pool table and juke box, and leads to the outside garden with stage and storage shed. - The restaurant opens Thurs. - Sun. providing lunch and dinner, and is outsourced on a week to week basis. - A 3 bd. manager's residence is located upstairs with the guest accommodation, which comprises 8 rooms with separate facilities. - 42 seats inside - 18 seats outside.

Summary

  • Features: Strong local support. - Good position. - Long established. - Interesting ambiance.
  • Potential: Could install Keno. - Create website. - Target social media. - Continue refurbishment. - Reintroduce management of restaurant.
  • Premises: Older style 2 storey brick building with street frontage verandah and a total area of 2200 sq. mts.
  • Trading Hours: 7 days - Mon. - Thurs. - 11.00 a.m. - 8.00 p.m. - Fri. - 11.00 a.m - 12.00 a.m. - Sat.- 10.00 a.m - 12.00 a.m. - Sun. - 10.00 a.m. - 10.00 p.m.
  • Lease: New 5 + 5 year lease - 3% increases - Bond 3 months.
  • Employees: 1 owner. + 1 casual.
  • Comments: Security is provided by extensive CCTV coverage with remote monitoring. - Memorabilia in bar remains property of local community. - Full potential still to be reached due some outdated infrastructure.

Weekly Summary

Weekly Takings (inc GST)

$4,500

Cost of Goods

$1,500

Gross Profit

$3,000

Rent

$500

Wages

$600

Outgoings

$25

Telephone

$20

Insurance

$200

Electricity

$200

Gas

$30

Total Expenses

$1,575

Estimated Stock (Additional)

$8,000

Net Profit

$1,425

Price

$45,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Hotel - Leasehold

Business Code: CB1239
Price: $45,000

Key Features: Long established

State: NSW

Suburb: Adelong, 2729

Location: Main street location in delightful town servicing a strong rural area in Southern Tablelands.

Description

Hotel leasehold with a single bar, heated by pot belly stove, and supplied by glycol system servicing 6 taps. - Bottle sales are from refrigerated display unit behind bar. -Separate area behind bar houses new TAB installation. - A large entertainment room contains the pool table and juke box, and leads to the outside garden with stage and storage shed. - The restaurant opens Thurs. - Sun. providing lunch and dinner, and is outsourced on a week to week basis. - A 3 bd. manager's residence is located upstairs with the guest accommodation, which comprises 8 rooms with separate facilities. - 42 seats inside - 18 seats outside.

Summary

  • Features: Strong local support. - Good position. - Long established. - Interesting ambiance.
  • Potential: Could install Keno. - Create website. - Target social media. - Continue refurbishment. - Reintroduce management of restaurant.
  • Premises: Older style 2 storey brick building with street frontage verandah and a total area of 2200 sq. mts.
  • Trading Hours: 7 days - Mon. - Thurs. - 11.00 a.m. - 8.00 p.m. - Fri. - 11.00 a.m - 12.00 a.m. - Sat.- 10.00 a.m - 12.00 a.m. - Sun. - 10.00 a.m. - 10.00 p.m.
  • Lease: New 5 + 5 year lease - 3% increases - Bond 3 months.
  • Employees: 1 owner. + 1 casual.
  • Comments: Security is provided by extensive CCTV coverage with remote monitoring. - Memorabilia in bar remains property of local community. - Full potential still to be reached due some outdated infrastructure.

Weekly Summary

Weekly Takings
(inc GST)

$4,500

Cost of Goods

$1,500

Gross Profit

$3,000

Rent (ex GST)

$500

Wages

$600

Outgoings

$25

Telephone

$20

Insurance

$200

Electricity

$200

Gas

$30

Total Expenses

$1,575

Estimated Stock (Additional)

$8,000

Net Profit

$1,425

Price

$45,000

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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.