Mirboo North, Victoria
Huge financial return - investment back under 12 months !!
SOLD
Business Description
Due to a bad health challenge, this hotel / food business is probably the best buy on the market.
This business is very busy, a great cash cow and a great financial investment.
If you can deal with customers, you can learn to run this business successfully.
If business is about making money - then this Hotel is for you !!
Why is it the best pub on the market - because the NET return is huge to the Vendors !!!
A good operator will have his capital back in 1 year !!!
The vendors have done a magnificent job on refurbishment, with a new fit-out less than 2 years ago.
A brand new - commercial kitchen, brand new toilets, new cool room, fully renovated bistro that seats 130 people, and a new bar.
There is also a area for the TAB, a courtyard and a bottle shop.
There is also 6 motel rooms that are clean and in great condition, and not really utilised.
This place has plenty of room, and the rent is fantastic, at approx 4% of the takings per annum.
Cheap rent with a long 21 year lease. May be extended with negotiation to the Landlord.
If you are experienced in hospitality, this is a solid financial opportunity to secure a very strong business improving year by year.2019 to 2020:
Takings are over $1 million a year, and improving.
Mirboo North has approx 3000 friendly locals who love their town.
And there is a 2 bedroom Managers residence as part of the property and this has a separate domestic kitchen and great size lounge.
As good as this business is, it keeps growing !!
Some social media marketing and a stronger online presence will improve the Motel room occupancy and further add to bottom line profits.
Currently no marketing is done on the Motel rooms.
This is one of the best country pubs on the market and Vendors only selling due to ill health.
Some Vendors finance may be available to qualified buyers.
An inspection is welcomed by potential operators and you will be impressed.
Quote MSA 5032 , and call Michael NOW !!! or submit an enquiry.
Business Summary
Key Investment Insights
1. The business is a hotel/food business that is currently for sale.
2. The current owners are selling due to a health challenge.
3. The business is very busy and has a strong cash flow.
4. The business has a high potential for financial return.
5. The current owners have made significant improvements to the property, including a new fit-out, commercial kitchen, and renovated bistro.
6. The property includes a TAB area, courtyard, and bottle shop.
7. There are also 6 motel rooms on the property that are currently underutilized.
8. The rent for the property is low, at approximately 4% of the takings per annum.
9. The business has a long lease and the possibility of extending it with negotiation.
10. The current owners are looking for an experienced hospitality operator to take over the business.
11. The business has shown consistent growth in revenue.
12. There is potential to increase profits through social media marketing and online presence.
13. The current owners are willing to provide some financing to qualified buyers.
14. The business is located in Mirboo North, a town with a population of approximately 3000.
15. The property includes a 2 bedroom manager's residence with a separate domestic kitchen and lounge.
16. The business is highly recommended for potential buyers to inspect.
17. The business is listed as one of the best country pubs on the market.
18. The business is quoted as MSA 5032 and interested buyers can contact Michael for more information.
