Iconic Hotel circa 1924 has undergone upgrades and improvements in processes and procedures over the past 6 months and is now available as a freehold going concern for offers over $890,000 + SAV.
This established business is successful due to its diverse services including:
- General Store
- Independent Fuel (Diesel & ULP)
- 5 Ensuited Motel Units
- 8 Hotel units plus dorm and community area
- Powered and unpowered Campsites with amenities block situated on 4 acres of land
- Bar & Bottleshop
- Kitchen & Bistro
There is also another available space for rental which would suit hair, nails, and waxing during tourist season to accommodate the needs of travelers and workers on nearby stations and properties.
There are no competitors for business for 100- 300 kilometres East, West, and South.
The business has a reputation for being "the best feed on this strip of highway from Townsville to Mt Isa".
The property is located approximately 3 hours west of Townsville and experiences lower humidity levels and a range of native bird life. Situated short distances from 3 national parks, the area is a hub for travellers in the tourist season and has regular trade with locals and truck drivers during off-peak months due to its highway frontage linking Townsville to the Southern states and NT. Another major source of revenue through the year comes from industry with several businesses sending employees to the hotel due to working in the area for long periods with accommodation and 3 meals a day. This is expected to increase further due to the Copper String project commencing in 2024.
The property is situated on 10 Titles and both property and business have a comprehensive list of assets owned outright that will be included in the sale including but not limited to:
- 2 x Water tanks
- 31 KVA Generator
- Forklift
- John Deer ride on a mower
- Rover ride-on mower
- Honda push mower and various other powered gardening equipment
- Garden Hoses & Sprinklers
- Numerous bird baths
- Small Asset Pool consisting of Cement Mixer, Plate Compactor, Petrol Blower and various other power tools.
- 2 Cool rooms
- Portable trailer mounted cool room
- In Ground Hangi Pits x 2
- Chicken Rotisserie
- Gelato display freezer
- Double Soft Serve Machine
- Marble Display fridge
- Hot / Cold benchtop display
- Double Slushi Machine
- Commercial Dishwasher
- Numerous Fridges & Freezers
- Various Kitchen appliances including but not limited to, milkshake makers, sandwich presses, slow cookers, blenders, etc...
- 2 double benchtop fryers
- 2 salamander grills
- 2 door stone pizza oven
- 3 group coffee machine
- 2 coffee grinders
- Numerous televisions and vast boxes including large screen 75 inch
- Billiard table (coin operated)
- Refrigerated snack vending machine
- Furnishings including tables, chairs, and barrels
- Projector & Inflatable screen
- Bose Bluetooth speakers
- Office Equipment including laser printers
- POS system
- Google Nest Cameras
- Website
- Facebook Pages with over 2600 followers
- over 50 hanging plants plus established mango tree, banana tree, oranges, lemons, mandarins, and Mulberry
- Over 8 Varieties of Frangipani trees and numerous Christmas Cactus and Hoya species
- Fire pits
Provision for stock should be approximated at $50,000 including fuel, alcohol, food and motel stock.
The business has a history of financial growth including over the Covid period and has never experienced permanent closure or inactivity. The newly opened general store, previously vacant since 1960’s, is expected to boost revenues to $1m gross pa in 2024.
With a unique atmosphere, established clientele, management quarters and lifestyle opportunity, this freehold going concern property will provide stable investment for years to come.
