Famous Garradunga Hotel on 4.8 Acres with 4 Titles
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BrokeragePhone enquiries - please quote property ID 16549
This small, friendly community in Queensland's Far North is home to many historic buildings, and is surrounded by national parks.
Less than 20 minutes from the ocean - and from the bustling, multicultural town of Innisfail - you can enjoy the best of all worlds here.
The Garradunga Hotel is a place where guests immediately feel right at home, with a warm welcome, great food and friendly service.
The star of many Aussie songs, the hotel was originally known as the Cane Cutters Hotel and was built in 1888.
Rebuilt in 1935 - and famous for its resident ghost - the hotel survived unscathed until Cyclone Larry hit in 2006. It has since been rebuilt with some great features, including a lovely beer garden, barbecue area and bistro restaurant.
And it is said to serve the biggest steaks in Australia!
At a glance:
• 2-storey building on 4.8 acres with 4 separate titles
• 7 twin share guest rooms - two with ensuite - plus manager's accommodation
• Camping ground brings tourists and RVs
Voted amongst the top 10 most well known hotels in Australia by the ABC, it's time for a lucky new owner to call the historic Garradunga Hotel home.
With a mix of locals and visitors, and an excellent reputation, this is a great business to buy. It is for sale freehold but the current owner, who is retiring, would consider a leasehold sale.
No Agent Business enables you to sell your business or commercial property using a for sale by owner (FSBO) method, without paying any commissions. We cater for all business and commercial property types.
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$925,000
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Buying Advice :
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. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, 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 - this is your chance to pick the seller’s brain!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
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. 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’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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