Leasehold Waterfront Motel Brand New Setup 5 Rooms Fully Licensed Restaurant and Gym
Leasehold Waterfront Motel Brand New Setup 5 Rooms Fully Licensed Restaurant and Gym
Industry :
Food/HospitalitySub Industry :
RestaurantLocated at the picturesque York Cove in George Town, Tasmania, this established venue presents a unique opportunity for those seeking a multi-faceted business with a strong reputation for hospitality.
The property includes a fully licensed fine dining restaurant, 5 accommodation rooms, a gym, and a swimming pool all included under the lease.
The current tenant has paused operations of the restaurant due to other commitments but continues to run the additional income-generating facilities.
This recently renovated leasehold business is perfect for anyone looking to invest in a versatile property offering multiple revenue streams, all supported by a stellar reputation.
Key Highlights:
Prime Water Frontage
24/7 Gym with FOB access and approximately 190 members income from the gym alone covers more than the total rent
120-Seat Fully Licensed Restaurant
Holiday Rental Income: 5 rooms (3 deluxe rooms + 2 self-contained 2-bedroom apartments with stunning Tamar River views). New owners could even choose to live in one of the apartments.
Swimming Pool
Marina-with 24 berths, rented at $275 a month or $2750 yearly. Potential to generate an income of approx $75,000 pa.
Long Lease with options extending until approximately September 2043, with rent around $2,204 per week + GST + outgoings
Fully Renovated Premises
Spacious restaurant offers an opportunity to cater for events such as weddings. Gym could generate more income if the new owners want to source personal trainers etc and use their Gym Master software to sell classes to the members.
This could be your perfect hospitality adventure in the new year 2025. Enquire and fill out a confidentiality agreement for more information.
Asking $300,000 ONO To arrange an inspection-Contact Praveen Pant on 0432 256 682 or contact Paul Scott on 0477 771 098 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. NOTE: All figures are approximate
Talk to Brokers that know business
Business Brokers Network Australia is the largest Business Brokerage in Australia, with over 85 Business Brokers in all states of Australia in over 65 business locations.
Many BBNA Brokers are specialised in vertical markets, eg Medical, manufacturing, Accommodation, Legal, Hospitality etc. Many have spent years running or managing their own Businesses so have first hand knowledge on what makes businesses successful and unsuccessful.
To talk about a business, you have to understand the business, know where the money is made, understand the processes, sytems and be able to understand the risk factors.
Understanding a business from the Owners point of view and being able to relate information about the business to the Buyer from his point of view, being factual and not embellishing the actual results is what we seek to achieve.
To have Certified Practicing Business Brokers that are also Registered Business Valuers, you have the opportunity to get excellent advice on how to increase the value of your business as a Seller or as a Buyer. This advice is also impatial, we see the mistakes that are made on a regular basis. You are free to use our advice or temper it with advice from your other advisors. Generally our advice is free in general areas or you can engage a Business Broker short term to use us as a sounding board to work with you on more specific requirements.
If you are a Buyer and are looking for a specific business and you have not found it on our website or others, we may be able to find the business that best suits you. Often we know of business that are not on the market, but we know that the Owner would sell if there is a qualified Buyer looking.
email : admin@businessbrokersnetwork.com.au or Call 1300 33 18 14
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$300,000 ONO
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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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