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Accommodation & Tourism business for sale in Stanthorpe

  • Accommodation & Tourism
  • 1 High St Stanthorpe QLD 4380
  • $650,000

Restaurant with accommodation in Tourism food & wine region

Phone enquiries - please quote property ID 16868

GREAT TEAM: The business is currently operated by the owners & their young family on site, and employs a housekeeper, chef and casual dishes, waiters and cleaners. The housekeeper and restaurant staff are able to assist with reception when the owners are away. Training will be provided for the new owners also. There is also the option to put in managers to operate this business for you.

HOSPITALITY COUPLE: This business is perfect for a chef/hospitality couple operating it. You have the flexibility of hours with the current chef averaging only 25 hours per week in the kitchen and the ability to set your own hours. It is great for work life balance, with the restaurant only operating 5 nights per week and closed public holidays/mothers day/christmas etc. This is a great home business - the owners who have ran this business for 10 years, raised their 2 children here onsite & spend time together road tripping most Sundays with the business ran remotely on this day. They are well supported by a great team of staff who run the front of house/motel however their is the option to bring down the costs by working in the bar/restaurant or cleaning rooms. This business is ideal for a passionate couple looking to make their mark on a restaurant and bring their creativity alive.

FULLY REFURBISHED: The motel had a $1.4 million rebuild due to a freak tornado in 2014 with all the rooms being rebuilt including new carpet, furniture, appliances & bathrooms. Bonus the exterior of the motel also has been renovated with rendered walls, timber features & tiled accents. The restaurant has new carpet, chairs, furniture, and lighting with an outdoor deck space.

SUCCESSFUL BUSINESS: Average income is $200K per annum and since reopening in June 2020, we have a net profit of 140K in 3 months. Winner of Trip Advisor's Certificate of Excellence for both the motel & restaurant over the last 3 years as well as booking.com top 20% businesses. A great number of repeat clients and group bookings.

MANAGERS RESIDENCE: The 3 bedroom + office managers residence includes a large main bedroom with ensuite, large backyard & kitchenette. The bathrooms & kitchens were all renovated in 2014. A large backyard includes a view over the golf course & a courtyard with sail cover. Perfect to relax.

Lease: 20 year term can be added onto in 5 year blocks. Very good Landlord

Laundry: Domestic laundry available for onsite managers. Linen all hired & washed externally except the Restaurants tablecloths.

Restaurant: 65 seats with bar & deck area Licensed.

PLEASE NOTE: This is a leasehold business which can require a higher amount of equity than a normal mortgage if you are getting finance. Please chat with your preferred financial broker for more information.

Feel free to contact for a full breakdown of inclusions & financial details.

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Business ID2012837323
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Last updated  7 Jun 2019
Map for 1 High St Stanthorpe QLD 4380
Map for 1 High St Stanthorpe QLD 43801 High St Stanthorpe QLD 4380
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Business ID2012837323
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ParkingAsk Business Broker
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Last updated  7 Jun 2019
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