PUB/HOTEL LEASHOLD

Description

Business type: pub, accommodation and hospitality venue

Location: Northern Rivers, New South Wales

Venue footprint: more than 1,800 sqm

Patron capacity: more than 500

Hotel rooms: 10

Business overview

Established hotel and accommodation venue operating under management.

Food and beverage revenue: more than $2 million annually

Accommodation revenue: more than $400,000 annually

Owner involvement: none stated

Venue

Floor area: more than 1,800 sqm

Patron capacity: more than 500

Renovation: extensive

Operating setup: established

Accommodation

Hotel rooms: 10

Rooms: fully appointed

Accommodation revenue: more than $400,000 annually

Financial performance

Food and beverage revenue: more than $2 million annually

Accommodation revenue: more than $400,000 annually

Total revenue streams: diversified

Trading performance: strong

Operations

Management structure: fully managed

Owner involvement: minimal

Hands-on operator upside: available

Existing systems: in place

Lease

Annual rent: $220,000 plus outgoings

Lease structure: 5 x 5 x 5 years

Long-term tenure: available

Buyer profile

Experienced hospitality operator: required

Proven operating track record: required

Portfolio buyer: suitable

Hands-on operator: suitable

Growth

• Increase owner involvement
• Grow food and beverage sales
• Increase accommodation occupancy
• Expand events and functions
• Improve utilisation of the large venue footprint

Opportunity

Established Northern Rivers hotel.

Large venue and accommodation component.

Strong existing revenue.

Further operational growth potential: available.