Cash Is King-Leasehold Hotel With Multiple Income Streams T/o >$1.5m offers over $375,000 +sav

Industry: Professional - Brokerage, Professional - Property/Real Estate, Professional - Brokerage, Professional - Property/Real Estate | Listed by: Business Brokers Network Australia


Key Strengths:


About the business

DREAM OPPORTUNITY IN NORTHERN TASMANIA 100 % ROI

We are proud to list a business with high profits and ROI. Located in a high profile corner site on the main arterial road ( approx 22,000 vehicles daily), high turnover from a diverse range of income, inc restaurant, pizza, liquor sales and accommodation. All-round 4-star rated reviews for quality food and friendly service.

Some salient features of this business are:

1) Long established and popular licensed restaurant and grill with seating for approx 130.

2) Street frontage pizza shop, recently* renovated at the cost of $160,000, has its own ordering app on Google and IOS Apple.

3) 11 accommodation rooms all with private ensuites (all recently refurbished), able to be booked online, 20 on-site parking spaces.

4) Operator friendly with all systems and procedures in place.

5) Experienced loyal staff working in different departments-kitchen, housekeeping, restaurant and bar.

6) Excellent 4+++ stars social media reviews.

New operators will get an opportunity with an already high turnover, a fantastic base to commence from, take the business to a new level by fine-tuning the accommodation line and implementing new marketing strategies to increase the turnover. Opportunities are endless for an enthusiastic owner with business acumen and management skills.

Seldom will you find a business with great numbers, in a city location for sale at such a realistic asking price. Overall, this is a business which needs to be seen to appreciate. The sale price includes all plant and equipment, training and introductions to both suppliers and customers.

If this is YOU? Rush and make your move today by phoning our professional business brokers.

For further details on standout opportunity phone Paul Scott on 0477 771 098 or Praveen Pant on 0432 256 682, alternatively, email pauls@businessbrokersnetwork.com.au

INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF; Please Note: All figures quoted are approximate
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Asking Price:
$375,000
Yearly Profit :

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Country

Australia

State

Tasmania

Suburb

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Postcode

7250

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Established on

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Advertiser Details
Thinking of buying this business?

Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. So before you make that offer, there’s a few things you should consider to determine whether or not this business is right for you. In a nutshell these include:

  • Ensure the seller is 100% verified by us
  • Can you afford it? Do you need financing to assist with the purchase?
  • Have you done enough research - industry analysis, competitors, revenue and so on
  • Ask the seller some questions - reasons behind the sale, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified etc
  • Make sure it’s the right business for you!

In a nutshell, a business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met. Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private.

Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.

Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. Once satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. Here you can also invite any advisors, brokers or lawyers you may have to help make the deal happen. You can even enlist Eden’s personal network of buying professionals to assist you with the entire buying process.

From start to finish, the entire business transaction can be done through the Eden Exchange platform.

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