146 Hummfray Street, Ballarat East, Victoria
Queen's Head Hotel - Now Priced to Sell at $99,000
Leasehold $99,000 + SAV
Business Description
Queens Head Hotel, a well-established venue in Ballarat's East. Strategically located on a major arterial road, this iconic hotel has been recently refurbished, with fresh internal and external paintwork and a newly replaced roof, ensuring a modern and well-maintained establishment.
The venue boasts:
• A spacious bistro accommodating over 80 guests
• A welcoming public bar area
• A private beer garden with undercover seating
• A fully equipped commercial kitchen with new combi oven and grill
• Large cool rooms and ample internal storage
• Additionally, an attached three-bedroom manager's residence provides a convenient living space for an owner-operator.
Currently trading five days a week for lunch and dinner, this presents an excellent opportunity for a new operator to extend trading hours and further grow the business. With a thriving bistro, popular bar, weekly trivia nights, and a well-supported local social club, the Queens Head Hotel enjoys a steady flow of patrons.
With a long lease and options until 2052, this is a fantastic opportunity for those looking to step into the hospitality industry. Inspections are highly recommended.
Business Summary
Other Features / Notes
A:LEASEHOLD, B:HOTEL/BAR, C:VIC - North, C:VIC - WestKey Investment Insights
1. Priced to sell at $99,000, presenting a low entry cost for a hospitality investment.
2. Prime location on a major arterial road in Ballarat East, supporting strong drive-by and local visibility.
3. Recently refurbished with fresh internal and external paintwork and a newly replaced roof, reducing near-term capital expenditure.
4. Spacious bistro seating over 80 guests, enabling significant food service capacity.
5. Welcoming public bar area and popular weekly trivia nights, indicating established regular patronage.
6. Private beer garden with undercover seating, offering additional usable hospitality space and weather-proofing.
7. Fully equipped commercial kitchen with a new combi oven and grill, ready for immediate food operations.
8. Large cool rooms and ample internal storage, supporting efficient stock handling and higher volume service.
9. Attached three-bedroom manager’s residence, providing on-site accommodation for an owner-operator and reducing staffing accommodation costs.
10. Currently trading five days a week for lunch and dinner, presenting clear upside by extending trading hours and increasing revenue.
11. Long lease with options until 2052, offering tenancy security and investment stability.
