Hotel business for sale in VIC
- $3,250,000 (GST na)
Popular hotel in regional Victoria
This independent accommodation business is located in an unbeatable location in one of Victoria's' fastest-growing regional cities.
4.5-star ratings and luxury rooms with a fully functional restaurant.
Weekly rent just $11,000+GST and a long lease available for 30 years.
Landlord is planning to add another 18 rooms to the property by the end of 2023.
Currently turning over $2,700,000 per annum.
Average net profit $850,000 p.a (excluding Covid-19 lockdown)
Due to the large number of development projects in the area, projected net profit for 2022 financial year is as high as $1,100,000
Vendor expecting $3,250,000
*Note: Along with signed NDAs, interested Purchasers must provide to the Agent proof of their financial ability from a Certified Practicing Accountant (CPA) that the Purchaser has the financial ability to consummate the transaction at the advertised price.