19 Wellington Street, Longford, Tasmania
Historic Country Hotel Business Food Keno Bar Asking $215,000+sav Long Lease
$215,000+sav
Business Description
Country Club Hotel Longford, Tasmania
Positioned on the busiest road into the vibrant township of Longford, the Country Club Hotel offers an outstanding opportunity to purchase a well-established leasehold hospitality business with diversified income streams and excellent growth potential.
Originally built circa 1820, this iconic hotel has been tastefully upgraded while retaining its country charm and character. The venue features an attractive bistro, public bar, comfortable lounge, recently renovated outdoor entertaining deck, and a popular pet-friendly dining area. The hotel is also well known for its collection of motor racing memorabilia and nostalgic displays.
Located approximately 20 minutes from Launceston, the business enjoys strong local support and passing tourist traffic.
Business Highlights
Monthly revenue in excess of $55,000
Long lease in place until 10 September 2039
Prime high-exposure corner position
Multiple revenue streams from:
Bar sales
Bistro
Keno
Accommodation on-site is subleased to a local berry farm, providing a consisten income of $65,000 per annum.
Experienced team of staff in place
Two owners currently work approximately 25 hours per week
Well-presented premises in good condition
There is excellent potential for a motivated operator to further increase revenue by expanding the food offering, introducing additional entertainment and events, and continuing to build on the hotel's strong local reputation.
Whether you're an experienced publican, hospitality operator or looking to enter the hotel industry, this historic country hotel presents an affordable opportunity to acquire an established business in one of Northern Tasmania's most desirable regional towns.
Enquire today for further information and a confidential Information Memorandum.
Phone Praveen Pant ---------- or via email: ---------- Paul Scott at ---------- 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. NOTE: All figures are approximate.
Business Summary
Key Investment Insights
1. Monthly revenue in excess of $55,000, indicating strong trading performance.
2. Long lease in place until 10 September 2039, providing tenure security for a new operator.
3. Prime high-exposure corner position on the busiest road into Longford, delivering solid passing trade.
4. Located approximately 20 minutes from Launceston, offering access to a larger regional catchment and tourist traffic.
5. Historic circa 1820 building with retained country charm, creating distinctive venue character and appeal.
6. Multiple revenue streams from bar sales, bistro trade and Keno, reducing reliance on a single income source.
7. On-site accommodation subleased to a local berry farm, delivering a consistent $65,000 per annum in rental income.
8. Recently renovated outdoor entertaining deck and a popular pet-friendly dining area, enhancing customer amenity.
9. Well-known collection of motor racing memorabilia and nostalgic displays, providing unique marketing and niche attraction.
10. Experienced team of staff in place, facilitating continuity of operations on change of ownership.
11. Two current owners work approximately 25 hours per week, suggesting potential for absentee ownership or owner-operator expansion.
12. Clear upside potential to increase revenue by expanding the food offering, adding entertainment and events, and leveraging strong local reputation.
