Description Listing #6279
Leasehold Ross Hotel, Tasmania, New lease $195,000 +sav, t/o approx 900k
Located on the most prominent corner in Ross. Ross enjoys the honour of being the most photographed Tasmanian town. The central location of Ross for persons from all over Tasmania means the Ross Hotel is the logical point for meetings, seminars and training events.
Enjoying patronage from groups and organisation, who take advantage of the central position, meeting and function rooms.
Steeped in history, with many original features, decorated in keeping with its era.
The hotel comprises a public bar with a bottle shop and sports room off, the elegant dinning room can cater for 50 or more guests with views out to the beer garden.The ground floor accommodates the commercial well equipped kitchen, 2 meeting rooms and the function room known as the Antler room.Eight guest bedrooms with varying bed configurations and a guest lounge, the managers occupy three rooms, all are located upstairs.
Under the existing professional management, an emphasis has been placed on providing quality meals and superior service, this has resulted in 4 out of 5 stars on Trip Advisor.The hotel has an excellent web site, with on line accommodation booking facility.
With the Tasmanian economy booming, tourism numbers are on the increase and Ross receives more than its share of tourists, the Midlands Highway upgrade has resulted in and will continue to see increasing vehicle numbers.The rural economy is buoyant, with irrigation widespread, new crops such as cherries and wool prices the best in 50 years, the success of the Ross hotel is assured.
There was an approval for a large function room of 220 m2 and a number of motel rooms, which lapsed some years ago, (stca) could be revived.
The magnificent sandstone building sits on a 3232 m2 block with landscaped gardens, raised timber decks, rose gardens, hedges and ornamental trees, with a soon to be developed council park on the northern boundary.The beer garden is serviced by two modern toilets.
The hotel has been trading very well, the 2018 financial year turnover was $890,000 projected 2019 financial year turnover will be inexcess of $900,000, showing a profit in 2018 financial year well in excess of year of $145,000, as a leasehold business.
This is a hotel that any prospective purchaser should feel proud to lay claim to being the licensee,and the owner of one of the oldest hotels in Australia.
Offering a 4 x 5 year lease and comes with all plant & equipment.
If you have been contemplating entering the business world and making the move to Tasmania, this business opportunity offers a secure lease, a profitable business and most living expenses covered by the business. Vendor may consider granting an option to purchase the freehold property.
Contact Paul Scott the Business Broker specialising in hotel and motel sales.
INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND inquiries IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF; Please Note: All figures quoted are approximate
Property Code: 129
Price $195,000 + sav
Location 35 Church Street Ross TAS
Categories Food/Hospitality – Restaurant
Date Listed 28th March, 2019