Buy BUY THIS INVESTMENT, RUN IT UNDER MANAGEMENT & BANK THE PROFITS
Accommodation/Tourism - Hotel Businesses for Sale in Mount Magnet, WA, Australia
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| Title: | BUY THIS INVESTMENT, RUN IT UNDER MANAGEMENT & BANK THE PROFITS | |||||||||||
| ID Number: | 13374 | |||||||||||
| State: | Western Australia (WA) | |||||||||||
| City/Town/Suburb: | MOUNT MAGNET WESTERN AUSTRALIA 6638 | |||||||||||
| Listing Type: | Businesses | |||||||||||
| Categories: | Accommodation/Tourism - Hotel, Food/Hospitality - Restaurant | |||||||||||
| Description: | The offering of the Commercial Club and Grand Hotels located in the mining and tourism hub of Mt Magnet in Western Australia, provides an excellent opportunity to acquire a monopoly business with diverse income streams and solid profits. Profit from 2020 to 2021 up 30% with the forecast profit for 2022 FY up to approximately $650,000. The only one-stop business in the region providing accommodation, restaurant, bar facilities and takeaway liquor. The meal and bar facilities include an 80 seat restaurant, 60 seat dining/function room, bar meals, sports bar and beer garden. The business enjoys a very low vacancy rate with regular bookings from a diverse customer base including mining companies, transport companies, contractors, tourism and travellers. Accommodation comprises 33 self-contained, air-conditioned, ensuite rooms, staff quarters and 2 manager's houses. Excellent expansion opportunities with vacant land as part of the deal. The Mount Magnet region enjoys 600,000 visitors per annum injects approximately $200m into the local economy. Further mining and LNG development forecast for the region. Located on the Great Northern Highway which is a strategic stopover for travellers going to Port Hedland or Newman. |
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| Price: | $ 2,800,000.00 | |||||||||||
| Stock Value: | $ 90,000.00 | |||||||||||
| Net Profit: | $ 639,000.00 approx | |||||||||||
| Turnover: | Upon application | |||||||||||
| Plant Value: | $ 220,000.00 approx | |||||||||||
| Accounting Figures FY: | 2020-2021 and Forecast for 2021 - 2022 | |||||||||||
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