Hotel for sale in 821 Comeback Road, MARRAWAH TAS 7330
Marrawah Tavern - For Sale
The freehold and business of the “Marrawah Tavern” situated in township of Marrawah, Tasmania’s westernmost settlement. This single storey hotel includes a public bar, dining room, commercial kitchen, five bedroom manager’s residence, rear sheds, cool rooms and large car park on a single title of 5,448 sqm (approx.).
The business enjoys an outstanding reputation for its counter meals and provides comfortable and welcoming surrounds for locals and tourists alike. Renovations and updates of the building were completed circa 2009/10, with the building largely comprising a modern, well provisioned and maintained internal fit out.
The business is well diversified with bar, dining room and takeaway alcohol sales. Trading figures show year on year sales growth and a further improvement in trade for the first five months of the current financial year.
Annual revenue is around $585,000 and the calculated “business net profit” for 2 owner-operators represents a high yield of 29.38% on the asking price of $625,000.
To enquire about this opportunity, please contact Knight Frank for further details.
- Last Updated May 2017
- Business Category Accommodation/Tourism, Food/Hospitality
- Business Sub Category Hotel, Restaurant
54 Cameron St,
Launceston, TAS 7250