Listing status: Inactive
Reason: --
Freehold Passive Investment, Experienced Tenant, Long Lease, 8.5% Net Return from year 2
Freehold Passive Investment, Experienced Tenant, Long Lease, 8.5% Net Return from year 2
Industry :
Accommodation/TourismSub Industry :
HotelAbout the business
Iconic St Marys Hotel
This magnificent property, built circa 1910 with a commanding full-length veranda and balcony, is now available as a freehold passive investment.
It features a grand staircase, stained glass leadlight windows, and high ceilings from a bygone era.
With an experienced operator on a long lease, the pub guarantees a great return for the investor.
As the only hotel in St Marys and for many kilometers in any direction, it is located on the main Esk Highway leading to the East Coast and major towns like St Helens, Scamander, and Bicheno.
This popular country pub generates income from accommodation, food and beverage sales, and over-the-counter and bottle sales.
It enjoys high turnover and great reviews, particularly for its food.
The property includes a 758 m² solid brick building on nearly an acre of land, bordering the famous St Marys Rivulet.
It offers 15 accommodation rooms with clean and comfortable shared bathroom facilities, commercial kitchen, 2 dining rooms, public bar, manager's apartment, beer garden, and a parking area.
This is where locals gather, the community meets, and tourists and travelers stop for refreshments and a meal. With an experienced operator, this pub will thrive with strong support and business by forming lasting relationships with the community.
For further information on this exciting and rare opportunity contact Neha Suyal at 0490 120 104 or Paul Scott at 0477 771 098 or 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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$220,000
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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!
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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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