Mirboo North, Victoria

$285,000

Property Description

Hotel - cash cow. Huge returns.

If business is about making money - then this Hotel is for you !!
Why is it the best pub on the market - because the NET return is huge to the Vendors !!!
A good operator will have his capital back in 1 year !!!
The vendors have done a magnificent job on refurbishment, with a new fit-out less than 2 years ago.
A brand new - commercial kitchen, brand new toilets, new cool room, fully renovated bistro that seats 130 people, and a new bar.
There is also a area for the TAB, a courtyard and a bottle shop.
There is also 6 motel rooms that are clean and in great condition, and not really utilised.
This place has plenty of room, and the rent is fantastic, at approx 4% of the takings per annum.
Cheap rent with a long 21 year lease. May be extended with negotiation to the Landlord.
If you are experienced in hospitality, this is a solid financial opportunity to secure a very strong business improving year by year.2019 to 2020:
Takings are over $1 million a year, and improving.
Mirboo North has approx 3000 friendly locals who love their town.
And there is a 2 bedroom Managers residence as part of the property !! This has a domestic kitchen and great size lounge.
As good as this business is, it keeps growing !!
Some social media marketing and a stronger online presence will improve the Motel room occupancy and further add to bottom line profits.
Currently no marketing is done on the Motel rooms.
This is one of the best country pubs on the market and Vendors only selling due to ill health.
An inspection is welcomed by potential operators and you will be impressed.
Quote MSA 5032 , and call Michael NOW !!! or submit an enquiry.

Property Summary

Hotel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Marketing Agent

Michael Keltie

Marketing Agency

Business Brokers Network Australia

Business Brokers Network Australia

Business Brokers Network Australia

Michael Keltie
Business Brokers Network Australia

Phone

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Map Location ( get directions )

Mirboo North, Victoria 3871 Exact map location not provided

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