George Town, Tasmania
Strong Profits Perfectly Positioned In Booming Tasmanian Country Town FY 2021 Net>$387,000
SOLD
Business Description
Every Operators Dream Hotel
A rare opportunity is now available to own a business that runs by itself, all you need is people management skills and a customer-pleasing persona. Hotel operations experience would be a bonus, as it offers great profits as is and an experienced operator would enjoy greater success and secure their financial future.
Grays Hotel in George Town is a hidden gem, which offers an array of income streams from approx 85 seat restaurant/ bistro, large public bar, beer garden, 25 electronic gaming machines and 5 accommodation rooms* with multiple configurations.
Purpose-built kitchen is serviced by a walk-in cool room and freezer, owners work limited hours and have an experienced team of approx 21 plus 2 full time experienced chefs.
Located on the main street, Macquarie St in George Town, the hotel is easily accessible and offers plenty of parking options on-site for all its patrons.
George Town Municipality has a strong population of more than 7500, the economy of this town is booming with major projects carried on by Rio Tinto in Bell Bay, which will brings in more workers and people to this region.
Always a popular tourist area , George Town is now becoming a hot spot for mountain bike lovers, MTB trails like Summit Trails and the East Peak Trails, Mount George has a total of 16km of singletrack trails.
This business is financially rewarding to its current operators of 7.5 years, it is very well supported by the local community. Grays Hotel caters to everyone in the area including tourists who come to the town for fishing, sightseeing, diving, MTB etc etc.
Families love Grays Hotel because there is a kids' play zone off the restaurant, the Sports Bar caters for patrons who enjoy the AFL and other sports or for a chilled beer over the counter.
Take charge of your life as this leasehold hotel offers strong income, ideal for a working couple, could be operated under management by an experienced hotelier or anyone who wishes to earn a great income and enjoy life in Tasmania, the place to be.
Enquire today as it will not be in the market for a long time. Make your move today, exclusively by appointment only through the agent. Phone Business Broker Paul Scott on ---------- . ---------- Praveen Pant on ---------- 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. The business is located in a booming Tasmanian country town with a strong population of over 7500 people.
2. The hotel offers multiple income streams, including a restaurant, bar, gaming machines, and accommodation rooms.
3. The current owners have been operating the business for 7.5 years and have a strong and experienced team in place.
4. The hotel is easily accessible and has ample parking for patrons.
5. The town is experiencing economic growth due to major projects by Rio Tinto, which will bring in more workers and potential customers.
6. The area is popular with tourists, particularly mountain bike enthusiasts, which provides a steady stream of customers.
7. The business is financially rewarding for the current owners and has strong support from the local community.
8. The hotel caters to a diverse range of customers, including families, sports fans, and tourists.
9. The business is ideal for a working couple or an experienced hotelier looking to operate under management.
10. The current owners are willing to provide support and assistance during the transition period.
11. Interested buyers should conduct their own investigations and enquiries before making a purchase.
12. All figures quoted are approximate and should not be relied upon as exact numbers.
