Exeter, Tasmania
UNDER CONTRACT
SOLD
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. Most conspicuous site in Exeter, located at the junction of the Frankford and West Tamar Highways, offering high roadside visibility and traffic exposure.
2. Current operator established for 20 years, indicating long-term trading history and local market recognition.
3. Multiple income streams, including beverages, Tab, Keno and fifteen poker machines; food income potential noted though the kitchen is currently closed.
4. Sale includes an extensive schedule of plant and equipment, explicitly including poker machines, reducing immediate capital expenditure for fitout.
5. Note in listing that fifteen poker machines are owned by the lessee, which requires clarification during due diligence.
6. Upstairs area is currently let as a private residence, providing ancillary rental income and income diversification.
7. Ample parking suitable for numerous vehicles and self-contained motor homes, supporting tourism and group trade.
8. Described as a leasehold sale, so buyer will assume lease terms rather than freehold ownership.
9. Advertised as ready for a new operator with energy and vision, signalling upside through active management, refurbishment or reopening the kitchen.
10. Area has grown substantially, suggesting market growth and potential for increased patronage.
11. Listing is currently under contract, so prospective purchasers should confirm availability and timing.
12. All figures are approximate and the vendor disclaims warranties, purchasers must conduct their own investigations and enquiries.
