Prime Location Hotel for Sale in Melbourne 188 Visa Suitable Amazing Opportunity
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About the business
Business for Sale in Victoria - Hotel/Motel for Sale in Melbourne - Hotel in Melbourne
A premium location in Melbourne! Inviting owner operators and investors to own this long-established iconic hotel located in a prime spot in Melbourne. It is also an attractive option for hotel chains to increase their footprint in a prime location in Melbourne.
* Highly Profitable - Annualised Adjusted Net Profit $500k+
* Superb location close to Crown Casino, Albert Park - location for Australian Grand Prix, Alfred Hospital, Melbourne CBD, Melbourne Convention and Exhibition Centre and historic Shrine of Remembrance.
* 44 Rooms comprises of one self-contained one bed room apartment for owner/manager and combination of queen, twin, double, family and luxury spa rooms. Recent refurbishment has been done to exterior and interior.
* Facilities include restaurant and bar, conference room, under cover parking and many more.
* Bar & Restaurant with fully equipped Kitchen and Cool Room provides ample opportunity to host large tour groups and earn extra $$
* Operating successfully over 30 years
* Long lease
* High visibility location situated on a very busy thoroughfare in Melbourne providing easy access points to key attractions for customers
* May be suitable for Subclass 188 Business Visa Migration
* Freehold is not included in the sale price
* Asking $1,490,000 + Stock at Valuation. All reasonable offers will be forwarded to the vendor.
***EXCLUSIVELY LISTED WITH NETWORK INFINITY*****
For more information
please contact Sam on
0427 836 110
Disclaimer The financial information and statements relating to the above business has been prepared based solely on the information supplied by the vendor to Network Infinity and therefore Network Infinity does not guarantee the accuracy of such statements and financial information. Network Infinity will not be liable for such statements and financial information. Network Infinity strongly recommends all prospective buyers to this business to seek its own independent accounting, legal and financial advice and conducts its own due diligence of the business. Image used only for illustrative purpose to protect seller's privacy. It is in no way representative of the actual business or it's products.
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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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