Horsham, Victoria
67HL - 136 % Return on Hotel Leasehold Business
SOLD
Business Description
- Great central location
- Busy regional city
- Plenty of upside for the serious operator
- Operating without gaming
- Two busy dining areas
- Busy bar trade
- 30 rooms for overnight accommodation
- 3am Late licence
- Priced to sell, reasonable rent
- Current operators moving on
- 136 % Return on investment 2016/17
This business is for the motivated operator, plenty of room for improvement. Horsham is the largest city in the Wimmera wheat growing and sheep grazing district in western Victoria. It is located between Stawell and Dimboola, on the main highway linking Melbourne and Adelaide.
Horsham is a handy base to explore the region's nearby natural attractions. The northern extremity of the Grampians National Park is located 25 kms south-east of Horsham, while the Little Desert National Park can be accessed via a number of small towns to the west and north-west. Mount Arapiles, less than 35 kms west of Horsham via Natimuk, is widely regarded as one of the top rock climbing areas in Australia and is also a great location for bushwalking and camping.
Net Profit $203,863 for 2016/17
Contact Barry Bolwell from Tourism Brokers for further information or to arrange an inspection.
Property ID: 67HL (quote when enquiring)
Property Code: 2842
Business Summary
Key Investment Insights
1. Great central location in a busy regional city
2. Plenty of potential for growth and improvement for a motivated operator
3. Operating without gaming, providing a unique opportunity for a non-gaming business
4. Two busy dining areas and a busy bar trade, providing multiple revenue streams
5. 30 rooms for overnight accommodation, catering to both local and tourist clientele
6. 3am late licence, allowing for extended trading hours and potential for increased revenue
7. Priced to sell with reasonable rent, providing a good return on investment
8. Current operators are moving on, providing an opportunity for a new owner to take over and make their mark
9. 136% return on investment for the 2016/17 financial year, indicating a profitable and successful business
10. Located in a region with plenty of nearby natural attractions, providing potential for tourism and increased business
11. Net profit of $203,863 for the 2016/17 financial year, indicating a successful and profitable business
12. Contact Barry Bolwell from Tourism Brokers for further information or to arrange an inspection, providing a reliable and knowledgeable resource for potential buyers.
