Expression of Interest Lock Hotel Motel Accommodation

Expressions of interest ending 1 Sep 2023
Lock Hotel Motel Accommodation

Key Sale Highlights

This listing is posted by a private seller

Business Overview

Turnover 2022-2023 $765k

The Lock Hotel is the main meeting place for a large farming area – and the only hotel for 80 km in any direction, this excellent business boasts a main highway location and is central to the popular Eyre Peninsula.

Originally established in 1932 with extensive renovations done over the last 3 years. Situated on the main highway from Kyancutta to Port Lincoln to capture passing traffic, this is a profitable business with plenty of further growth potential.

Business Highlights:
-2 Freehold Titles with no encumbrances & no work orders on the building
-Motel comprises 6 self-contained, air-conditioned units with BBQ area & grassed area
-Ample parking in front of units + room for larger vehicles
-Hotel consists of a front bar (brand new air-conditioner & ceiling fans), large, air-conditioned restaurant, lounge bar, gaming/pool room & undercover veranda.
-Hotel accommodation comprises 4 air-conditioned rooms, lounge/tv rooms
-The shower & toilet in hotel are shared facilities
-Large dry cellar under bar allowing access to 2 near-new cool-room motors
-Hotel re-wired with new power board, re-plumbed with 2 new instantaneous gas h/w systems + upgraded hard wired interconnected smoke alarms
-Motel has upgraded underground power, new meter board (allowing for more units on the block) & rewiring for power, lights and hard-wired fire alarms
-Undercover parking for owner’s vehicle & forklift with lockable maintenance shed
-Independent beer dispensing equipment – New owners can choose to go with a supplier/franchise
-Popular Social Club + Supply of beverages to 7 local clubs
-Full Commercial Kitchen with 80% of equipment replaced with in 2022 + long list of assets included in the sale.
This proven Hotel, Restaurant & Accommodation business has no shortage of customers, with many regulars.
Viterra hire 10 rooms for 3 months of the year on contract during harvest and have already locked in bookings for coming harvest.
This business would suit a young/middle aged couple with energy. If one of the owners is a cook/chef or willing to cook, that would be a bonus as the restaurant trades well.

Revenue could be further boosted by opening for longer hours and introducing theme nights and a dedicated pizza night, all equipment for doing pizza has been brought and installed in late 2022 yet to be utilized.

The hotel will provide good living quarters for new owners if they wish but this will take 3 months revenue away from profits as Viterra book these rooms for harvest.

This business is a walk-in walk out situation and trading can start on settlement with all you need to continue running a small profitable business.

All Reasonable offers will be considered

Financials

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Location Details

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This information is only available to registered users. 

This information is only available to registered users. 

This information is only available to registered users. 

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