Key Investment Insights
AI generated. Confirm details with the seller.
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.
