Yalgoo Hotel
Industry :
ProfessionalSub Industry :
BrokeragePhone enquiries - please quote property ID 14272
Offered for sale is this rather unique commercial property. A busy licensed hotel in the heart of mining country.
This freehold property comprises; main bar, lounge bar, dining room, office, store room, laundry, tool sheds, licenced beer garden and verandah. There is also a large secure car park for guests and contractor vehicles. It also boasts a substantial cool room. On the residential side, there are nine (9) in house rooms (share bathroom facilities), three (3) twin motel ensuite units with solar panels installed and eight (8) newly completed ensuited single units. All units come equiped with televisions, refrigerator and aircons. The hotel offers a large well equipped kitchen and spacious walk in pantry. Seperate new managers flat and private staff quarters. A large shed is also on the property with vacant land also included with the possibility of an expansion. The property has 2 working bores.
ALL hotel plant and equipment, vital to the running of the business, has been replaced and renewed within the past 12 months.
Both Iron ore and gold mines are in close proximity to the hotel, with drilling and exploration an ongoing trade. The closest competition is at least an hours drive away, and the bustling coastal city of Geraldton a pleasant drive of two (2) hours, which in spring months, has a spectacular showing of wild flowers.
Located in the centre of the very tidy community of Yalgoo which has recently acquired a new water park and outdoor sporting complex. The town has also recently been connected to the mobile network.
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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$600,000
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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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