Ascend Corporate Phone : 08 9480 ****
Lance White
(08) ****

0413 ****

Rural Tavern Freehold and Business

Listing Id : 264895

Location : Western Australia -East Wa

Category : Bars, Entertainment, Pubs

Asking Price : 495,000 PSAV

Business description

The tavern was originally established in 1913 and has undergone many changes since then. It is the only licensed venue in the township which trades 7 days a week and importantly the only venue which offers food, drink and entertainment during the week days. .It quickly established itself as the primary social hub for the residents of the town and the surrounding districts many years ago and continues to enjoy that important status today.

The tavern is situated on a large 4.09 hectare block with the tavern footprint only occupying a small portion of that area. The vacant portion of the site therefore provides numerous potential opportunities to further diversify and expand the business. The site can be sub-divided, the existing beer garden can be extended to incorporate additional space and seating for hosting functions and events, new accommodation/motel units could be established etc.

The building is a double brick construction with an iron clad roof. Facilities include a large lounge bar, dining area, well-appointed morning kitchen and contemporary beer garden. Out the back of the main premises is a living residence which consists of 2 bedrooms and a lounge as well as an additional 4 bedrooms and 2 bathrooms, one of which has recently been added to the property.

The current owners purchased the business after the previous owner had closed the kitchen and therefore the all-important meal service. The current owners recognized that there was a genuine demand for this offering will in the area from locals and tourists for this offering. They were confident that by reinstating this aspect of the business and by making improvements there was the opportunity to grow the business. They  immediately invested a significant amount of capital and time refurbishing the property when they took over. They completed the works and reopened the bars to customers on 1st August 2018.

The refurbishment comprised of a high quality contemporary finish throughout with a view to offering a warm, comfortable and relaxed family atmosphere. This was all very well received by the locals and travelling customers. Three months later on the 1st of December 2018 with the bar trade now well-established , after focusing on renovating the kitchen itself and upgrading the kitchen services/facilities, the tavern bistro was re-opened. The meal trade immediately gathered momentum and continues to show strong growth with strong forward meal bookings and a growing repeat customer base. The additional patronage attracted to the tavern by the food offering is of course adding to the growth in the bar revenue.

Disappointingly after completing so much work and re-establishing the taverns reputation and trade the owners have decided to sell, return to Perth and pursue an alternative career which is better suited to their lifestyle and young family.

This is an excellent opportunity for a new owner/operator looking for a lifestyle change to take over, capitalise on the hard work already completed and keep the business moving forward. There remains considerable potential for the business to further capitalize on the new renovations and specifically to continue to increase the already attractive revenue and profitability.

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