Seeking Expressions of Interest – Turnover 2022-2023 $765k
BUSINESS HIGHLIGHTS:
- The Lock Hotel is the main meeting place for a large farming area – and the only hotel for 80 km in any direction
- This excellent business boasts a main highway location and is central to the popular Eyre Peninsula
- Originally established in 1932 with extensive renovations done over the last 3 years
- Situated on the main highway from Kyancutta to Port Lincoln to capture passing traffic, this is a profitable business with plenty of further growth potential
- Viterra hire 10 rooms for 3 months of the year on contract during harvest and have already locked in bookings for coming harvest
- This business would suit a young/middle aged couple with energy
- If one of the owners is a cook/chef or willing to cook, that would be a bonus as the restaurant trades well
- Revenue could be further boosted by opening for longer hours and introducing theme nights and a dedicated pizza night, all equipment for doing pizza has been brought and installed in late 2022 yet to be utilized
- The hotel will provide good living quarters for new owners if they wish but this will take 3 months revenue away from profits as Viterra book these rooms for harvest
- This business is a walk-in walk out situation and trading can start on settlement with all you need to continue running a small profitable business
BUSINESS DETAILS:
- 2 Freehold Titles with no encumbrances & no work orders on the building
- Motel comprises 6 self-contained, air-conditioned units with BBQ area & grassed area
- Ample parking in front of units + room for larger vehicle
- Hotel consists of a front bar (brand new air-conditioner & ceiling fans), large, air-conditioned restaurant, lounge bar, gaming/pool room & undercover veranda
- Hotel accommodation comprises 4 air-conditioned rooms, lounge/tv rooms
- The shower & toilet in hotel are shared facilities
- Large dry cellar under bar allowing access to 2 near-new cool-room motors
- Hotel re-wired with new power board, re-plumbed with 2 new instantaneous gas h/w systems + upgraded hard wired interconnected smoke alarms
- Motel has upgraded underground power, new meter board (allowing for more units on the block) & rewiring for power, lights, and hard-wired fire alarms
- Undercover parking for owner’s vehicle & forklift with lockable maintenance shed
- Independent beer dispensing equipment – new owners can choose to go with a supplier/franchise
- Popular Social Club + supply of beverages to 7 local clubs
- Full commercial kitchen with 80% of equipment replaced with in 2022 + long list of assets included in the sale
- This proven Hotel, Restaurant & Accommodation business has no shortage of customers, with many regulars
All Reasonable Offers Will Be Considered
