Established Freehold Hotel and General Store with Residence
If you're looking to move into the hospitality industry - or you're already in it but want something a little less demanding - this is a very good option.
Established around 140 years ago, the Royal Hotel is located in Euabalong in western New South Wales, just off the Lachlan Valley Way, and 531km from Sydney.
Located between Condoblin and Lake Cargelligo, the town offers a good range of services, with the main industries being cropping, grazing, and railway-related employment. Excellent fishing is available on the Lachlan River.
The Royal Hotel is a good all-rounder, with multiple income streams from the bar, meals, general store and accommodation.
This excellent freehold package, on 2 titles, also includes a 3-bedroom owner's residence just 30 metres away, so it really is great value.
With a net profit of around $100,000 to an owner-operator, this single level hotel is well maintained, and features a new Glycol beer system. There are 4 guest rooms in all, one easy-to-run bar, and no other competition nearby.
At a glance:
- Turnover approx $600,000
- 3 months' training offered for handover period
- Currently run by owner plus 2 employees
With everything included, and the current owner ready to retire, this is a very good investment package with a healthy turnover.