Hotel - Motel - Freehold

Business Code: CB1358


Key Features: Hotel currently closed

State: NSW

Location: Prominent main street frontage in centre of busy NSW Northern Tablelands town.

Description

Freehold hotel of 2 storeys, fully airconditioned, with unique single bar refurbished with a rustic theme, and 10 taps supplied via glycol system - Coolroom behind bar for kegs - Wood paneled restaurant seating 60, and private dining room, supplied from large commercial kitchen and smaller bistro accessed from bar seats 10 - Renovated undercover beer garden accessed from bistro and seats 50 - Bar has pool table and juke box - First floor has 18 renovated guest rooms with TV and access to 3 shared facilities and guest kitchen and also includes 1 bedroom/ sitting room manager quarters with ensuite - A drive through bottle shop with coolroom is capable of more promotion - 2 separate 3 bedroom residences are located at rear of hotel - 12 room airconditioned motel with ensuites, completely refurbished to 4 star standard, is included.

Summary

  • Features: Long established - Marvelous location - Large site - Great accommodation options - Minimal opposition establishments - Recently refurbished - Only 3am license in town.

  • Potential: Large block lends itself to further accommodation development with 2,000 sq.mts. available - Target social media - Revitalise website - Roadworks construction including new bridge beginning shortly with 2 year period planned.

  • Premises: Large older style 2 storey double brick building + 2 separate residences + 12 room motel building with total area of 6500 sq. mts.

  • Trading Hours: Licensed to open - Mon. - Sat. - 10.00 a.m. - 3.00 a.m. - Sun.- 10.00 a.m. - 10.00 p.m.

  • Lease: Freehold.

  • Employees: 1 owner + 6 casuals.

  • Comments: Misc.- 1 - Trade waste - Misc. - 2 - Laundry - Income is gst inclusive - Trading figures are estimates supplied by owner, based on when hotel was trading prior to closure, whilst undergoing full refurbishment - Hotel currently not open due other commitments by owner - Leasehold is also available $350,000 - See CB1359.

Weekly Summary

Weekly Takings
(inc GST)

$24,000

Cost of Goods

$9,200

Gross Profit

$14,800

Wages

$4,700

Outgoings

$160

Telephone

$50

Insurance

$250

Electricity

$400

Gas

$250

Misc1

$80

Misc2

$300

Total Expenses

$6,190

Net Profit

$8,610

Price

$2,100,000

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