Yarrawonga, Victoria
A MONEY MAKING 35% ROI & CAN BE RUN UNDER MANAGEMENT - 60HL
SOLD
Business Description
- Weekly takings in excess of $72,000. With the last 6 months averaging over $72,000 per week, this is equivalient to a years wage.
- Central Hotel within walking distance to Lake Mulwala and town amenities.
- Healthy profit without gaming.
- Sports Bar with TAB.
- 20 well maintained ensuite rooms plus manager’s unit.
- Favourable lease terms – 27 years remaining.
- Ample car parking.
- Bar, bistro, beer garden, bottle shop, functions and catering.
- Staffing sorted - everything will run as is for new owners.
- 3 hours from Melbourne - hot tourist location year round.
- 4.5 rating on Trip Advisor.
Net Profit: $418,732 for 2020/21; $433,367 for 6 months to April 2022
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Property ID: 60HL (quote when enquiring)
Property Code: 4103
Business Summary
Key Investment Insights
1. The business is a profitable hotel with a 35% ROI and potential for management to run the operations.
2. The weekly takings for the past 6 months have been consistently high, averaging over $72,000 per week.
3. The hotel is conveniently located within walking distance to Lake Mulwala and town amenities.
4. The business has a healthy profit without relying on gaming revenue.
5. The hotel has a sports bar with TAB facilities.
6. The property includes 20 well-maintained ensuite rooms and a manager's unit.
7. The lease terms are favorable, with 27 years remaining.
8. There is ample car parking available for customers.
9. The hotel offers a range of services including a bar, bistro, beer garden, bottle shop, functions, and catering.
10. The current staff are well-trained and capable, making for a smooth transition for new owners.
11. The location is a popular tourist destination, only 3 hours from Melbourne, and attracts visitors year-round.
12. The hotel has a high rating of 4.5 on Trip Advisor.
13. The net profit for 2020/21 was $418,732 and is projected to be $433,367 for the first 6 months of 2022.
14. Interested buyers can contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
15. The property ID for this listing is 60HL.
16. The property code is 4103.
