Traralgon, Victoria
Hotel Traralgon Bar & Bistro - 1P5840
Leasehold $800,000
Business Description
An exciting opportunity to purchase one of LaTrobe Valley's most iconic hotels.
CRE Brokers, the exclusive agents and the business owners are motivated to sell the leasehold interest of Hotel Traralgon Bar & Bistro, formerly Ryan's Hotel.
Well positioned in the heart of Traralgon's CBD on the corner of Franklin and Kay Streets, Hotel Traralgon is arguably one of La Trobe Valleys most significant landmarks.
Built in 1914, the double story hotel maintains the historical charm of the past with modern amenities. The hotel features a bistro, sports bar, TAB and function facilities providing multiple streams of income.
The hotel is trading exceptionally well, appealing to a very large client base, Hotel Traralgon benefits from a busy bistro, sports bar offering 22 screens and pool table, late night entertainment in 171 Bar & Balcony which offers an amazing venue space utilizing the 1st floor and the balcony which is also available for functions.
Quest Apartments are also developing a 70 room facility at the rear of the hotel which will generate further growth as the complex will not have food and beverage facilities give an amanzing scope to work with Quest and do breakfasts and room service as there will direct access from Quest to the hotel.
This is an exciting opportunity not to be missed, and the time is now to make your mark on the hospitality and entertainment business in Gippsland.
Business Summary
Other Features / Notes
A:LEASEHOLD, B:HOTEL/BAR, C:VIC - GippslandKey Investment Insights
1. Iconic and well-established hotel in the heart of Traralgon's CBD.
2. Multiple streams of income from bistro, sports bar, TAB, and function facilities.
3. Trading exceptionally well with a large and diverse client base.
4. Potential for further growth with the development of a 70-room Quest Apartments complex at the rear of the hotel.
5. Historical charm of the past combined with modern amenities.
6. Busy bistro and sports bar with 22 screens and pool table.
7. Late night entertainment in 171 Bar & Balcony on the 1st floor.
8. Potential for collaboration with Quest Apartments for breakfast and room service.
9. Exciting opportunity to make your mark on the hospitality and entertainment business in Gippsland.
10. Motivated sellers and exclusive agents.
