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

0413 ****

Broken Hill Hotel Boulder Freehold or Lease

Listing Id : 285873

Location : Western Australia - Kalgoorlie -East Wa

Category : Bars, Restaurant, Bottle Shop

Asking Price : From $250,000 Lease (F/H availab

Business description

Leasehold asking Price ( Furniture , plant , equipment and goodwill ) : From $250,000 plus stock at valuation

Proposed Lease Terms include:

  • Initial Term: 10years
  • Optional term: 1 x 5yrs
  • Commencing Rent: $75,000 per annum (+GST)

Features of the business include:

  • well established and consistent business
  • shows genuine trade and profit growth year to year
  • substantial gross revenue circa $2.5m per annum
  • consistent bar sales
  • strong bottle shop sales
  • above industry gross profit margins in bottle shop
  • attractive net returns to owner operators
  • strong TAB revenue

Freehold WIWO asking price ( Land , buildings, furniture ,plant ,equipment and goodwill):$1,195,000 plus stock at valuation

Proposed Freehold WIWO terms include:

  • Two well appointed bars (public bar and lounge bar) each with their own separate toilet facilities
  • TAB with separate accessfrom outside of hotel
  • Compact bistro / restaurant
  • Well appointed kitchen
  • Drive Thru bottle shop with large cool room and easy access/egress
  • Beer garden with separate toilet facilities and band stand area and separate bar
  • Accommodation including 6 ensuite rooms
  • 1.6m x 3.2m double sided digital sign board to front of hotel
  • On site MuzzBuzz Express coffee store

This outstanding completely refurbished property has been owned and operated by the same couple for over 10 years. Only because of serious ill health necessitating long periods of hospitalization they can no longer continue to run the business and must sell. Reluctantly they have reduced the price substantially to achieve a quick sale. They are prepared to sell the freehold and business assets on a walk-in walk-out basis or alternatively they are also prepared to sell a new long term lease of the business. The asking price for the leasehold interest is significantly below the true market value of the business. This is an outstanding opportunity for a genuine buyer. It represents the best regional leasehold hotel opportunity on the market today.

An excellentchance to take over this well presented highly successful business.

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