Nambour, Queensland
THRIVING SUNSHINE COAST HOTEL - 138HL
LEASEHOLD $1,600,000
Business Description
- A thriving Sunshine Coast city pub with an extensive range of services.
- 19 well-appointed accommodation rooms with individual air conditioning.
- Public bar with seating for 40.
- Dining room with seating for 80 diners
- 27 EGMs/Pokies room with 27 brand new state of the art machines.
- Two street frontages in the heat of town, close to all amenities.
- Separate bottle shop with street entrance.
- An additional two off-site bottle shops within the great Nambour region.
- Vogue Theatre with seating up to 800 guests with independent bars and facilities.
- Over $1,000,000 reinvested in 2022-24 on property capital upgrades and replacements.
An expansive offering including public and lounge bars, restaurant, 19 accommodation rooms, 27 EGM gaming machines, onsite bottle shop, and two off site bottle shops, and the iconic Vogue Theatre which can cater for up to 800 guests.
All the work is done with over $1M in upgrades and renovation over the last three years. Opportunity to take this business to the next level now the Vogue Theatre is reformed as a magnificent cabaret and function venue and all bars and the restaurant are operating.
With current turn over in excess of $6.5 million dollars and forward growth expectations well over $7-8 million, the time is right to take over the operation and benefit from all the hard work that has been done. Several outlets have been closed intermittently over the last two years for renovations, etc. and now the full potential can be redeemed.
A new 10-year lease will be created for the new business owners with attractive rental benefits included.
Asking for all the astute pub operators to come forward and take a look at this great business opportunity!
Net Profit: $406,320 for 2023-24
Contact Richard O’Connell from Tourism Brokers for further information or to arrange an inspection.
Property ID: 138HL (quote when enquiring)
Property Code: 5154
Business Summary
Key Investment Insights
1. Prime location in a thriving Sunshine Coast city with two street frontages and close to all amenities.
2. Diverse range of services including accommodation, dining, public bar, bottle shop, and an iconic theatre venue.
3. Extensive renovations and upgrades totaling over $1 million in the last three years, with potential for further growth.
4. 19 well-appointed accommodation rooms with individual air conditioning.
5. Public bar with seating for 40 and a dining room with seating for 80 diners.
6. 27 brand new state-of-the-art EGM gaming machines in a separate pokies room.
7. Additional two off-site bottle shops within the Nambour region.
8. Iconic Vogue Theatre with seating for up to 800 guests and independent bars and facilities.
9. Current turnover in excess of $6.5 million with expected growth to $7-8 million.
10. New 10-year lease with attractive rental benefits included.
11. Ideal opportunity for astute pub operators to take over and benefit from all the hard work that has been done.
12. Net profit of $406,320 for 2023-24.
13. Contact Richard O’Connell from Tourism Brokers for further information or to arrange an inspection.
14. Property ID: 138HL (quote when enquiring).
15. Property Code: 5154.
