19 Wellington Street, Longford, Tasmania
Timeless Elegance Historic Tasmanian Country Hotel $150,000+sav Leasehold
SOLD
Business Description
Excellent low ingoing cash-rich business
Located on the busiest road in this vibrant country town, prominent corner position.
Enjoying income from accommodation, food, gaming and bar sales.
Property is built around 1820 and thoughtfully upgraded, exudes a nostalgic charm, adorned with car racing memorabilia.
Attractive bistro dining area, outdoor deck, further lounge and bar.
The business has garnered positive reviews on social media platforms and enjoys consistent income from a sub-lease agreement with a fruit growing company for its accommodation rooms.
Indoor seating for approximately 80 and the outdoor area can seat approx 20 patrons.
Trading only 5 days per week, potential to extend trading hours and earn more income.
Long Lease with options up to Sep 2039, the sale includes extensive plant & equipment.
Current operators and the landlord have made significant improvements on this property.
For further information on this exciting opportunity contact Paul Scott ---------- , phone ---------- .
Information will be shared only with buyers who fill out a confidentiality agreement on our website.
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 on a busy road in a vibrant country town, providing a high level of visibility and foot traffic.
2. Multiple streams of income from accommodation, food, gaming, and bar sales.
3. The property has a rich history, dating back to 1820, and has been thoughtfully upgraded while maintaining its nostalgic charm.
4. Positive reviews on social media platforms indicate a strong reputation and customer satisfaction.
5. The business has a sub-lease agreement with a fruit growing company, providing additional income from accommodation rooms.
6. The bistro dining area, outdoor deck, lounge, and bar provide attractive and comfortable spaces for customers to dine and relax.
7. Potential for increased income by extending trading hours beyond the current 5 days per week.
8. The long lease with options up to 2039 provides stability and potential for long-term growth.
9. Extensive plant and equipment are included in the sale, making it a turnkey operation for potential buyers.
10. Significant improvements have been made by the current operators and landlord, indicating a commitment to maintaining and improving the business.
11. Confidentiality is required for further information, indicating a level of exclusivity and desirability for the business.
12. Potential buyers are encouraged to conduct their own investigations and inquiries to ensure the accuracy of information provided.
13. All figures quoted are approximate, indicating that potential buyers should conduct their own due diligence to verify financial information.
