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Business ID BS8699

Hotel Business, Premier Ski Resort, Mt Hotham, Vic - For Sale

Adjusted Profit $209,000, for two working owners, FY2018. Sale Price $350,000 + SAV

The Hotel High Plains is snugly situated in one of Victoria's premier tourist locations at Dinner Plain Village, Mt Hotham in the Victorian Alps.

The hotel’s facilities include a bar, restaurant, modern and accommodation. It is a great opportunity for two working owner that showed an income of $209k for Fy2018. Peak trading is during the ski season from June to early October, while the other seasons provide steady cashflow from the regular stream of tourists who come to enjoy the fresh environment, stunning scenery, bushing walking & cycling the mountain high plains has to offer.

BUSINESS HIGHLIGHTS

  • The clientele demographic is comprised of snow bunnies, locals, corporate groups & interstate & overseas tourists.
  • Income to 2 working owners for FY2018 would have been $209k
  • Winter trading 12pm-1am; Summer 5pm-11pm
  • Lunch and dinner from a contemporary Australian food menu, pizza and burger bar
  • Consistent year-round patronage with a significant peak during the ski season
  • Average weekly takings are $20,000 per week
  • Over 50% of revenue is from beverage sales
  • Reasonable rent at $1,400 per week
  • Current lease is valid until March 2023
  • Indoor and Outdoor seating with capacity to 273 patrons
  • Currently under management with a team of well-trained staff
  • Premier tourist and sports event location

Terms Of Settlement: 10% deposit the balance on settlement. The vendors offer a four week training program to ensure a seamless transition.

The vendors are keen to sell and move onto other projects, and the landlord is willing to reassign the lease to an approved purchaser and consider an extension to the current lease term.

This is an attractive business and lifestyle opportunity for one or two working owners or an investor.

Asking Price: $350,000+SAV

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Business Sale Price:
$350,000+SAV
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