HIGH NET PUB IN COASTAL TOWN 15%+ ROI

Description

Off Market Hotels have been exclusively appointed to offer for sale the ‘TOP PUB’ located in Cooktown, for sale by Private Treaty. The Top Pub is a long established pub, rich in history and has a strong on-premise business and strong retail. The hotel presents very well and is a local attraction to both tourists and the region. The hotel is located in the main strip in Cooktown. The business is supported by exceptional food, bars, KENO & TAB. The detached bottle shop is located in the only local shopping centre, under a long lease. Bar sales are over $21k per week, Food $4-5k per week, and Retail over $40k per week in retail sales. On-site accommodation equates to $50k per year. There is a real opportunity for an astute operator to access licenses for gaming to take this proposition to the new level. Cooktown is the gateway to Cape York Peninsula, with 50+ thousand travellers on an annual basis making their way to the tip. The majority of these travellers, pass through Cooktown and during the season, making this township hum for a number of months. Cooktown is the base for the entire Far North Queensland Communities, with a strong presence of many government agencies, QLD health servicing the region. Corporate clients, service the region from Cairns, with services daily. Fisheries, live export for Coral Trout, fishing charters, Barramundi, deep sea fishing and the exceptional Marlin grounds, accessing the Ribbon Reefs and Great barrier Reef are all year round. For further information contact Shane Mullins shane@offmarkethotels.com.au & 0447 185 001 HIGHLIGHTS Strong trading figures for many years ROI circa 15%+ Presents well and ready for a new operator Opportunity for an astute operator to access gaming On-site accommodation for staff and management Strong retail in DBS Fully renovated nothing else to do Fully staffed with long term employees

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