Exeter, Tasmania
UNDER CONTRACT
Under Contract / Offer
Business Description
The most conspicuous site in Exeter is on the junction of the Frankford and West Tamar Highways.
Current operator here for the last 20 years.
Income from food (kitchen currently closed), beverages and three forms of gaming, Tab, Keno and fifteen poker machines owned by the leasee.
The sale includes an extensive schedule of plant and equipment, including poker machines.
Upstairs is currently let as a private residence.
Ample parking for any number of vehicles and self-contained motor homes.
This hotel is ripe for a new operator who has the energy, vision and personality to take this to the next level. The area has grown substantially.
PS-This is a leasehold sale.
For further information on this exciting and rare opportunity, contact Neha Suyal at ---------- or Paul Scott at ---------- or email ----------
INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.
Please note: All figures quoted are approximate.
Business Summary
Key Investment Insights
1. Prime, highly visible corner location at the junction of the Frankford and West Tamar Highways in Exeter, offering strong passing traffic exposure.
2. Under contract status, indicating a purchaser is currently secured or a sale process is advanced.
3. Longstanding operator for 20 years, suggesting established local presence and customer relationships.
4. Multiple revenue streams present, including beverages, TAB, Keno and poker machine income.
5. Fifteen poker machines are included in the sale, and an extensive schedule of plant and equipment accompanies the leasehold.
6. Kitchen currently closed, presenting an immediate opportunity to restart or reinvent food offerings to increase turnover.
7. Upstairs area leased as a private residence, providing existing rental income or owner-occupier flexibility.
8. Ample parking suitable for large volumes of customers and self-contained motor homes, supporting tourism and drive-by trade.
9. Described as ripe for a new operator with energy and vision, implying upside through active management and marketing.
10. Leasehold sale structure, so prospects must assess lease terms and conduct independent due diligence as advised.
