Accommodation/Tourism for sale
52HF - Better Than a Lease with a Huge 30%+ Net return
Better than $4,000 Net per week. Owner has made his money and wants the property sold. Exceptionally solid business, continual cashflow with huge upside. Huge three bedroom spacious residence. 3 gaming machines: 2 Players Choice and 1 King of the Nile. TAB facilities and is equipped with a pool table, dart board and music vending machine. It has monitors for viewing on Fox and Sky channels. Dining room provides seating for 30+ people inside and a further 60 outside. Straight-forward operation, easily managed or a great starter. Well-located on established tourist route. Long term owner retiring. The current owner has operated the business for the past 30 years. Plenty of potential to introduce fresh ideas. 13 rooms with a sleeping capacity of 30. On about 7,474 m2 of land. Local school well established and a true part of the community.
Recent improvements include:
Low energy heaters in all rooms. Low energy lead lights throughout hotel. Exterior repainted; roof in progress. Hot water is supplied from roof-mounted solar panels.
Detailed property report available with financials and supporting documentation.
Located in a picturesque country town between the Snowies and the Sapphire Coast, the Delegate Hotel is what locals and travellers alike recognise as a real country pub. The hotel operates a simple single bar, food is available at the counter or in a good-sized dining room, the 3 poker machines and the pool table offer entertainment and the weary can rest up in one of the 13 rooms.
Turnover approximately $17,000 per week.
Contact Michael Herringe from Tourism Brokers for further information or to arrange an inspection.
Property ID: 52HF (quote when enquiring)
Property Code: 1501
- Business Category: Accommodation/Tourism
- Business Sub Category: Hotel
- Zoning: Freehold hotel