Rochester, Victoria

66HL - Leasehold Hotel

SOLD

Business Description

- A business on the move

- Showing a huge improvement

- Ideal for a family that enjoys a busy lifestyle

- Currently operating under professional management

- The hard work has been completed

- Modern up to date till system

- Quality meals and service in the country style

- 14 years on the current lease remaining

- Growing in trade

- TAB and Keno betting facilities

Rochester a small vibrant regional town midway between Bendigo and Echuca in central Victoria. The town enjoys the quiet country feeling during the week, with increased trade on the weekends. Located just off the highway in MacKay Street, the main part of town.

A growing regional demographic population opens the way for a family orientated entrepreneur to continue to improve this hotel. The freehold investment also available.

Please call to discuss this great business opportunity.

Net profit: $225,924 for 2018 calendar year

Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.

Property ID: 66HL (quote when enquiring)

Location: Rochester is a small town in country Victoria, located 180 km north of Melbourne with a mixture of rural and semi-rural communities on the northern Campaspe River, between Bendigo and the Murray River port of Echuca. It is part of the Shire of Campaspe and has a population of just over 3,000, with a well-developed retail sector and a range of community and business services.

Agriculture plays an important part in the economy of Rochester. Primary agriculture includes dairy, tomatoes, cattle and sheep. There are also some grain and seed farms. The Devondale (dairy processing) factory is a large employer, and there are several other smaller industries.

Located at the heart of one of the richest and most diverse agriculture and food processing regions in Victoria, the Shire of Campaspe is a vibrant rural community in northern Victoria. It comprises of many townships including: Echuca, Kyabram, Rochester, Rushworth and Tongala.

Property Code: 2734

Business Summary

Marketing Agent

Reg Partington

0407 41....

Annette Adams

0405 53....

Tourism Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

1. The hotel has shown significant improvement in its performance, making it a promising investment opportunity.
2. The business would be ideal for a family looking for a busy and fulfilling lifestyle.
3. The hotel is currently being managed by professionals, indicating a well-organized and efficient operation.
4. The hard work of establishing and running the business has already been completed, making it a turnkey opportunity for potential buyers.
5. The hotel has a modern and up-to-date till system, ensuring smooth and accurate transactions.
6. The hotel offers quality meals and service in a charming country style, appealing to a wide range of customers.
7. The current lease has 14 years remaining, providing stability and security for the business.
8. The hotel is experiencing growth in trade, indicating a positive outlook for future profitability.
9. The hotel offers TAB and Keno betting facilities, providing additional sources of revenue.
10. Located in Rochester, a small but vibrant regional town with a growing population, the hotel has potential for further growth and success.
11. The freehold investment for the property is also available, providing an opportunity for long-term ownership and potential for capital appreciation.
12. The hotel has a strong net profit of $225,924 for the 2018 calendar year, indicating a profitable and well-managed business.
13. The location of Rochester, situated between Bendigo and Echuca, offers easy access to a range of services and amenities.
14. The town of Rochester has a well-developed retail sector and a range of community and business services, providing a supportive environment for businesses.
15. The Shire of Campaspe, where Rochester is located, is a vibrant rural community with a diverse economy, offering potential for growth and development.