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Business Broker Gold Coast | Brisbane | Toowoomba | Townsville

Freehold Pub Hotel for sale Under Management (BC26180) - Cairns QLD

Freehold Pub Hotel for sale Under Management (BC26180)

Features

Price: $2,400,000
Listing Type: Sold
Property Type: Freehold


Photo Gallery & Business Description

Consistently Nets $400k+ to an owner who works 1hr per week when he doesn’t even have to with Management and staff in place to run the day to day, and no marketing! A working couple could make $450,000pa plus more if they developed the accommodation side of the business which urgently needs marketing to reap the benefit of a town that is short in short term accommodation!

With 24 beds available and zero marketing the business is missing out on a huge piece of the action. Plus with a Manager’s residence with its 3 oversized bedrooms easily convertable into a further 8 to 20 beds to almost doubling the existing guest accommodation capacity; the business offers HUGE growth potential!

At present the business brings in easy money for the owner with a Drive-in Bottle Shop that religiously brings in $30,000 per week (approx)! So here’s an idea, why not rely on your Management and staff to continue running the existing business whilst you work on marketing and managing the accommodation side – anything you bring in will be a bonus!

An absolute steal with the following inclusions:
 

  • Drive-thru Bottle Shop
  • Land on 4 Titles (1 undeveloped)
  • 2x stand-alone commercial leases with tenants in place offering approx. $31,200 income not fully accounted for in financials so this is just the cherry on top.
  • 3 bedroom Manager’s residence
  • Pub (drink service only, no food preparation)
  • 13 room (24 beds) Guest Hotel (currently not being marketed at all – CRAZY!)
  • Commercial Kitchen (currently not being used and could be leased to an owner/operator to serve food to the Pub)
  • Plant & equipment (Hundreds of thousands worth)
  • Business as Going Concern with all Management and Staff in place Netting $400k+
  • Gaming Licence

Business and Freehold
Asking $1.1m business & $1.3m freehold (Total Price $2.4m)
Vendor Finance maybe offered to approved Buyers (minimum payment $1.2m)

AGENT: Nicole 0423 161 995

Agent Ref BC2618

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