16 Marlborough St, Longford, Tasmania
Iconic Longford Pub Multiple Income Streams Leasehold Business $60,000+ Monthly Turnover
$115,000+sav
Business Description
An outstanding opportunity to acquire the leasehold interest of one of Longford's well-known and family-friendly hospitality venues.
The Blenheim Inn has built a strong reputation within the local community and continues to attract regular patrons, tourists and visitors alike. Offering multiple revenue streams and an experienced team already in place, this business provides an excellent platform for a hands-on operator or hospitality couple looking to build on an already successful operation.
Business Highlights
Multiple income streams including:Licensed bar, Restaurant, Bottle shop
Well-established and recognised local venue
Family-friendly atmosphere with loyal local clientele
Experienced team of chefs, cooks and front-of-house staff in place
Current owners are non-working owners
Trading 7 days per week
Lunch service: 11:00am 2:00pm
Dinner service: 5:30pm 8:00pm
Popular live music every Friday night
Approved for Keno
Long lease up to 30 September 2040
Owner advises a new operator may wish to investigate obtaining Electronic Gaming Machine (EGM) entitlements (subject to regulatory approvals)
The current owners have only recently expanded operations to seven-day trading, providing further opportunity for a motivated purchaser to continue growing revenue. With the business operating under management and an experienced team handling the day-to-day operations, the foundations are already in place for a smooth transition.
Whether you are an experienced publican, hospitality professional or a family looking to operate your own country hotel, the Blenheim Inn presents an affordable opportunity to enter Tasmania's thriving hospitality sector.
Growth Opportunities
Expand entertainment and event nights
Increase marketing and social media presence
Capitalise on growing tourism through the Northern Midlands
Further develop food and beverage offerings
Build on the recently introduced seven-day trading model
Opportunities offering an established venue, diversified income streams and a loyal customer base at this price point are becoming increasingly difficult to find.
Price: $115,000 + SAV
Approximate stock at value: $15,000$20,000
For further information or to arrange a confidential inspection, contact Tasmanian Business and Property Sales today.
For further details phone Praveen Pant on ---------- or email ---------- 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. Leasehold interest in an established Longford pub, long lease in place until 30 September 2040.
2. Reported turnover exceeding $60,000 per month, indicating strong revenue run rate.
3. Asking price $115,000 plus stock and assets, with approximate stock value $15,000 to $20,000.
4. Multiple revenue streams: licensed bar, restaurant and bottle shop providing diversified income.
5. Approved for Keno, with owner advice that Electronic Gaming Machine entitlements could be investigated, subject to approvals.
6. Well recognised, family-friendly local venue with loyal regular clientele and tourist appeal.
7. Experienced team of chefs, cooks and front-of-house staff in place, current owners are non-working.
8. Recently expanded to seven-day trading, presenting immediate upside to grow turnover further.
9. Popular live music every Friday night, demonstrating an existing entertainment drawcard.
10. Trading hours include lunch and dinner services, supporting daytime and evening revenue opportunities.
11. Identified growth avenues include expanding entertainment and event nights, increasing marketing and social media, and further developing food and beverage offerings.
12. Positioned to capitalise on growing tourism in the Northern Midlands, offering potential for revenue growth with active operator involvement.
