55 Firebrace Street, Horsham, Victoria
White Hart Hotel - 1P5645
Leasehold $750,000
Business Description
The White Hart Hotel is located on a prominent corner on the main street in the heart of Horsham. Horsham is a modern rural city, a highway crossroads hub in regional Victoria, and strategically placed to capture trade travelling east/west between Melbourne and Adelaide.
Indeed, this venue is walking distance to multiple accommodation venues ensuring patronage by tourists, travelling reps and trade workers in addition to many loyal locals. This well maintained and recently refurbished country hotel was established in 1882 and provides a warm and welcoming atmosphere for its many patrons.
This is the first time the business has been offered to the market in approximately 27 years. The current business operators across the last five years, have built trade to an average of 1200 meals a week with all attendant sales of liquor etc. There are significant opportunities for business growth as currently the venue only trades a six day week, with Sunday trading an option. Additionally, there is capacity to reopen the drive thru bottle shop or transform same into a drive thru coffee/cafe, a micro brewery or similar.
The hotel features a large front/public bar with wood heater, 145 seat bistro, lounge, designated snooker/function room, beer garden, commercial kitchens, 15 hotel rooms and a large 5 room managers residence.
Based on location, quality of venue and excellent financials this business will result in considerable interest to many serious buyers.
Business Summary
Other Features / Notes
A:LEASEHOLD, B:HOTEL/BAR, C:VIC - North, C:VIC - WestKey Investment Insights
1. Established business with a long history dating back to 1882.
2. Prime location on a prominent corner in the heart of Horsham.
3. Strategic location for capturing trade from travelers between Melbourne and Adelaide.
4. Walking distance to multiple accommodation venues, ensuring a steady stream of patrons.
5. Recently refurbished and well-maintained country hotel.
6. Average of 1200 meals served per week, with potential for growth.
7. Currently only trading six days a week, with potential for Sunday trading.
8. Opportunity to reopen the drive-thru bottle shop or transform it into a different concept.
9. Features a large front/public bar, 145-seat bistro, lounge, designated snooker/function room, beer garden, commercial kitchens, 15 hotel rooms, and a 5-room manager's residence.
10. Strong financials and potential for continued success.
11. Highly sought-after leasehold opportunity.
12. Potential to expand into a micro brewery or drive-thru coffee/cafe.
13. Interest from serious buyers expected due to location, quality of venue, and financials.
