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Accommodation & Tourism business for sale in Stanthorpe

  • Accommodation & Tourism
  • 1 High St Stanthorpe QLD 4380
  • $685,000 (GST na)

Want your own Restaurant? Opportunity in Foodie & Wine Region

Phone enquiries - please quote property ID 16868

This successful Steakhouse with onsite 20 room motel brings in approx $200K profit pa.

GREAT TEAM: The business is currently operated by the owners on site, and employs a housekeeper, restaurant manager, chef and casual dishies, waiters and cleaners. The housekeeper and restaurant manager 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.

EASY TO MANAGE: For those who have not run a motel or restaurant before, neither had we. My husband and I came from operating a travel agency and a landscaping business and decided to have a change of scenery. We love this area & have really enjoyed having time with our family while operating our business from home. This business is well set up with time to work on our own passions/hobbies on the side while also running this business. We love food but had not worked in a restaurant before. We waited a couple of years, watching what sold well, what always tasted good and popped together our menu from that.

NO MONEY TO SPEND ON THE MOTEL: The motel recently had a $1.2 million rebuild due to a freak tornado 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: The business is continually increasing with 2017 June holding the record for profit - $26K. Average income is $200K per annum. Winner of Trip Advisor's Certificate of Excellence for both the motel & restaurant in and 2017 as well as top 20% businesses. A great number of repeat clients and group bookings.

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

OPPORTUNITY FOR CHEFS/RESTAURANTEURS: The restaurant has been a successful Steakhouse for 9 years. When we purchased the business, it was a buffet/pub style which we decided to change it a la carte. Every owner/chef brings their own flair to the menu and style of the restaurant. If you have a passion for owning or running your own restaurant, this is a great place to start. You have a ready made income from the business, a customer base available with the onsite motel and the ability to bring your own style to the menu.

LOCATED ON THE GRANITE BELT - Surrounded by 3 national parks, lots of yummy local produce and tourist attractions the whole family will love. Plus friends love to visit & you now have a few more guest rooms! And the rules are you have to taste test the huge selection of local wines, ports & cocktails available from the region. The kitchen also has their own vegetable and herb garden out the back.

Lease: 21 year term.

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.

Business Highlights

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
No Agent Property
Suite 1a, 608 Hawthorn Rd Brighton East VIC 3187