This hotel (circa 1096) - the oldest & arguably the best in West Wyalong is ready for a good operator to take this hotel to the highest level.
A magnificent 2 story hotel on the Newell Highway on the Southern approach to town with ample parking & street appeal.
Consists of Bar, Lounge, 35 seat dining room (trades 7 days week), commercial kitchen, outside bar, 4 guest rooms downstairs (need work), 11 rooms upstairs fully furbished (fully booked at listing) plus 2 BR managers flat.
A new 30kwh solar system helps lower his electricity bill.
The Lake Cowal gold mining area, in a recent press release, is advertising for an extra 600 workers in the area which bodes well for the West Wyalong hospitality industry.
This hotel lease will suit someone new to the industry or a shrewd person who can see the un-tapped potential of this business.
Present turnover is in the $20,000 to $25,000 per week range
The owner is local & keen to do business
10 year lease: $80,000 + stock
$1,400 week plus outgoings (bond required)
- Asking Price:
- $80,000 (AUD)
- Sales Revenue:
- $500K - $1M (AUD)
- Cash Flow:
- $100K - $250K (AUD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
10 years bonded lease
- Leasehold Rent:
-
$70,000 (AUD) per annum
- Living Accommodation:
-
11 rooms upstairs fully furbished (fully booked at listing) plus 2 BR managers flat.
- Location:
-
Main street and two highway location
- Premises Details:
-
2 storey classic hotel
Business Operation
- Expansion Potential:
-
Significant, this is a boom town
- Employees:
- Proprietor plus staff
- Years established:
- 1920s
Other Information
- Support & training:
-
Provided
