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

Marketing Agent

Michael Keltie

0400 64....

Business Brokers Network Australia

Key Investment Insights

AI generated. Confirm details with the seller.

1. The business is a hotel and 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 high potential for financial return.
4. The business is a cash cow and a great financial investment.
5. The business can be successfully run by someone who is able to deal with customers.
6. The NET return to the vendors is very high, making it a highly profitable business.
7. The recent refurbishment, including a new commercial kitchen, toilets, cool room, and bistro, has improved the business.
8. The business also includes a TAB area, courtyard, bottle shop, and 6 motel rooms.
9. The rent is cheap, at approximately 4% of the takings per annum, with a long 21 year lease.
10. The business has been consistently improving year by year, with takings over $1 million in 2019-2020.
11. The town of Mirboo North has a population of approximately 3000, providing a steady customer base.
12. The property also includes a 2 bedroom manager's residence with a separate domestic kitchen and lounge.
13. The business has potential for further growth through social media marketing and a stronger online presence.
14. Currently, no marketing is done for the motel rooms.
15. The vendors may offer financing options for qualified buyers.
16. Interested buyers are welcome to inspect the property and business.
17. The business is highly recommended and is one of the best country pubs on the market.