Innisfail, Queensland
AN ICONIC & VERY SUCCESSFUL NORTH QLD PUB - 75HL
LEASEHOLD $550,000 + SAV
Business Description
The Far North Queensland Hotel is very well supported by the locals, tourists and visitors over many years of trading and now is for Leasehold Sale. The Hotel has a long pedigree of providing excellent service.
This is a one-off opportunity for the astute buyer to buy an 17 year Leasehold with an annual rental of $231,000 plus GST and Outgoings.
The Hotel has the following engaging features making this a successful business:
- Large friendly public bar area, internal and external.
- 12 hotel rooms with shared bathrooms.
- 2 fully renovated apartments one for the owner and one for Air BnB.
- 8 Pokie machines to be assigned over for use.
- Keno and TAB available.
- Gaming room.
- Licensed outdoor dining area for 60 people.
- Outdoor grass beer garden - very popular.
- Easy, accessible drive through bottle shop well stocked - super-sized drive-through bottle shop.
- Commercial grade kitchen - excellent reviews.
- Dining room - 2,100 meals a week are served.
- Various cold rooms and storage areas.
- Recently installed Solar System included in sale.
- The Hotel has been recently painted and building maintenance is of a high standard.
- Financial figures are available to genuine buyers.
- 7 years left on the lease current term, and a further 10 year option, giving you 17 years.
The new owners have an attractive financial opportunity to purchase this hotel business and settle in before taking advantage of the increased tourist and visitors’ numbers coming to the area.
Net Profit: $504,481 for 2023/24
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 75HL (quote when enquiring)
Property Code: 4774
Business Summary
Key Investment Insights
1. Well-established and successful business with a long history of excellent service.
2. Located in a popular tourist destination with strong support from locals, tourists, and visitors.
3. 17-year leasehold opportunity with attractive annual rental and potential for further lease extension.
4. Multiple revenue streams including a large public bar, hotel rooms, renovated apartments, pokies, Keno, TAB, gaming room, and licensed outdoor dining area.
5. Recently installed solar system and well-maintained building.
6. Financial figures available to genuine buyers.
7. Potential for increased profits with the growing number of tourists and visitors to the area.
8. Located in a high-traffic area with easy accessibility.
9. Large and well-stocked drive-through bottle shop.
10. Commercial grade kitchen with excellent reviews.
11. Dining room serving 2,100 meals per week.
12. Various cold rooms and storage areas.
13. 7 years remaining on current lease term with a further 10-year option.
14. Opportunity for new owners to settle in before taking advantage of increased tourist numbers.
15. Projected net profit of $504,481 for 2023/24.
16. Attractive financial opportunity for potential buyers.
17. Property ID: 75HL.
18. Property Code: 4774.
