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Business ID BS8699

Popular High Plains Hotel, Restaurant & Accommodation For Sale - Mt Hotham, VIC

Adjusted Profit Under Management FY2017 $92K - Sale Price $460,000+SAV

Snugly situated in one of Victoria's premier tourist locations at Dinner Plain Village in the Victorian Alps and only 10 minutes from Mt Hotham, this modern restaurant, bar and accommodation business is offered for sale. The owners have transformed it into 'the' place to be seen during the winter skiing season as well as throughout the year for locals, visitors and organised or corporate groups to meet for dinner and drinks or to stay and relax in one of the cosy modern, self-contained apartments.

The Hotel High Plains is run under management and systemised with all revenue, expenses and employees on record. It uses a website, direct email, Facebook and Instagram to effectively promote and connect with its target audience.

BUSINESS HIGHLIGHTS

  • Adjusted income under management for FY2017 of $92,000
  • Trading 7 days a week
  • Venue trades 12pm-1am during winter & 5pm-11pm during summer
  • Lunch and dinner is a contemporary Australian food menu, pizza and burger bar
  • Consistent year-round patronage with a significant spike during the winter months
  • Current average weekly takings are $22-$24,000 per week
  • Over 50% of revenue is from beverage sales
  • Reasonable rent $1,400 per week
  • Lease is current up to March, 2023
  • Indoor and Outdoor seating with capacity to 273 patrons
  • Full-time manager with a team of well trained staff
  • Premier tourist and sports location

Owners are offering a seamless transition with a 2-4 week transition period.

The business is suitable for an investor, partnership or a working 'hands-on' person/s who can combine a blend of energy and creativity with this exciting opportunity. The owners have been in the business for 5+ years and have decided to develop their other business interests.

A full and comprehensive profile for this business is available upon the signing of a confidentiality agreement. To learn more about this unique opportunity inquire today.

Asking Price: $460,000 plus Stock at Valuation

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Business Sale Price:
$460,000 + SAV
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