For Sale $399,000
SBX Business Brokers

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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Food/Hospitality for sale

NSW

For Sale $399,000

Business Details

Hotel - Leasehold - North West N.S.W.

\nHotel - 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

Figures
Weekly Sales $48500
Rent (ex GST) $3500
Wages $2400
Profit $10760

Agent SBX Code Number: CB1165 - SBX Business Brokers

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Takeaway Food
  • Business Lease: $26,000.00
  • Attached Dwelling: YES
  • Copy Of Title: 1
  • Expenses: $10000
  • Earnings Before Interest Tax: $1100000
  • Business Selling Price: $300000
  • Business Property Price: $300000
  • Property Selling Price: 300000
  • Trading Hours: 9am-5pm mon-fri.
  • Franchise Agreement Fees: NO
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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Phone: 02 9439 4403
Fax: 02 9439 5944

SBX Business Brokers
Phone: 02 9439 4403

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