1 Coonamble Street, Collie, New South Wales
30% Yield Pub Opportunity In The Heart Of A Highly Affluent Location
SOLD
Business Description
• 30% Yield
• Untapped accommodation development potential
• Sponsored chef and managerial team in place
Strategically positioned off the edge of the busy Oxley Highway, the Collie Hotel runs as the ONLY pub in town providing a one stop, food & beverage, accommodation and events destination for many locals, freight drivers and tourists traveling Central West NSW.
With a popular reputation, social media presence and large merchandise outlet people come from all around Australia to visit the famous pub. Hosting many events such as rodeos, car shows and live music concerts - the pub thrives off having no competition.
The hotel features a bar & restaurant, large front and rear beer gardens, country style rooms sleeping 14 guests in total and a owners/manager’s residence which has three well-sized rooms and large open living areas.
The hotel has shown year-on-year growth, the turnover for the most recent financial year was circa $1,800,000.
The pub is a freehold going concern, there is a very reliable managerial team which is currently running the business and are happy to stay on. They have a sponsored chef on a 4 year deal who lives on site with head managers and 13 rotating bar staff. The managerial team go above and beyond, are reliable and very enthusiastic staff which suit the pubs character. The owners have set up the managerial team, so it’s essentially “hands free.”
Being literally the ONLY pub in that town, with no competition and being situated on the major highway, the pub thrives off the surrounding affluent environments of large cotton farms, cattle stations and the passing traffic of trucks and holiday goers. There is a wind farm and inland rail going in near the town in the coming 6 months which will bring additional clientele from contractors and maintenance workers for years to come. They are almost always booked out in accommodation with 99% occupancy rates year-round - there is plenty of land out the back to expand accommodation with cabins/motels to fulfil this constant demand (which was the owners next plans).
With its affluent trading reputation, minimal operational cost and popularity amongst the central west community, the asset is perfect for any astute investor and/or owner occupier to add to their portfolio, creating a passive investment with rapid cash flow amongst immense generational wealth.
Business Summary
Key Investment Insights
1. The pub has a high yield of 30%, making it a profitable investment opportunity.
2. There is untapped potential for development of accommodation, which could increase revenue.
3. The pub has a sponsored chef and managerial team in place, providing stability and expertise in running the business.
4. Located off a busy highway, the pub is the only one in town and attracts a diverse clientele including locals, tourists, and freight drivers.
5. The pub has a strong reputation and social media presence, drawing visitors from all around Australia.
6. The pub hosts popular events and has no competition, contributing to its success.
7. The hotel features a bar, restaurant, large beer gardens, and country-style rooms for accommodation.
8. The owners' residence is spacious and comfortable, providing a convenient living situation for the owners or managers.
9. The pub has shown year-on-year growth and had a turnover of approximately $1,800,000 in the most recent financial year.
10. The current managerial team is reliable and enthusiastic, making the business essentially "hands-free" for the owners.
11. The pub benefits from its location in an affluent area with large cotton farms, cattle stations, and passing traffic.
12. The upcoming development of a wind farm and inland rail in the area is expected to bring in additional clientele for years to come.
13. The pub has high occupancy rates year-round and there is potential for expansion of accommodation to meet the demand.
14. The pub has minimal operational costs and is popular among the central west community.
15. The asset is a perfect investment for an astute investor or owner-occupier, providing a passive income and potential for generational wealth.
