428 - 440 High Street, LEARMONTH 3352
Accommodation/Tourism for sale
Business For Sale - A Hotel Leasehold That Will Tick All Your Boxes - Price, Profit and Position
With a reputation for good food and friendly service this leasehold Hotel operates out of a large and extensively renovated historic building (Circa 1854). Situated only a comfortable 20 minute drive from Ballarat you will be positioned for further growth of this highly lucrative leasehold with the already loyal local patronage in this "one pub" township, substantial passing trade and a reputation of excellence. Figures confirm substantial annual retained profits, a weekly turnover greater than $10,000, from bar, bistro, over counter bottle shop and accommodation. Secure lease (only 2 years into a 20 year lease with 4 x 5 year options), reasonable rent, modern plant and equipment. Managers residence offers separate bathroom and lounge, accommodation rooms offer access to two modern bathrooms, guest lounge and well appointed kitchen. Other features include two car garage, substantial shady beer garden and abundant customer parking. An opportunity to purchase a rewarding business that has been priced to meet the market by no nonsense vendor who has decided it's time to kick back.
- Business Category: Accommodation/Tourism
- Business Sub Category: Hotel
- Floor Area: 585 sqm
- Land Area: 3195 sqm