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Accommodation Business For Sale in WA

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Meekatharra Hotel Freehold And Business

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Location:Western Australia

Category:Accommodation, Accommodation

Asking Price:$380,000

380000

  • Sales revenue : Undisclosed
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Meekatharra Hotel Freehold And Business

Business description

Meekatharra is located in the Midwest of Western Australia and situated so as to be a central point for travel from Perth, Kalgoorlie, Geraldton, Port Hedland and beyond. The town has a rich pastoral, mining and indigenous heritage and now serves as a focus for government services for the region.

The Meekatharra hotel freehold includes

9 ensuite guest rooms

Secure parking area

Approx land size 3000spm

Hotel has been in operation since the 1800’s, the current owner purchased the business in 2013.

Provide accommodation but also provide standard food options, Chinese food, a bar and bottle shop.

A house with 3 bedrooms also included in the sale.

LEASEHOLD OFFERING

The Seller is offering a new lease of the hotel (business only) on the following basis :

• Initial Term : 10 years

• Options : 2 x 5 year term

• Commencing Rental : $ 50,000 per annum ( plus outgoings )

Terms sought: Asking Price : $75,000 psav as follows:

Goodwill : $ 40,000

Furniture Plant and Equipment: $ 35,000

Stock : $20,000 (estimate only)

FREEHOLD OFFERING

Alternatively the Seller is prepared to offering the freehold and business for sale on a walk in walk out basis

Terms sought : Asking price of $ 380,000 plus trading stock as follows :

Land ,buildings and fixtures : $305,000

Goodwill : $40,000

Furniture Plant and Equipment: $35,000

Stock : $20,000 ( estimate only )

Other Information

  • Real Estate: Approx land size 3000spm
  • Lease Terms: 10+5+5
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