Historic freehold hotel in Forbes, NSW, offering multiple revenue streams | Resort Brokers ID : FH007822
$1,200,000
Hotel hospitality, FORBES NSW
ResortBrokers is excited to exclusively present to market the freehold going concern for the thriving Vandenberg Hotel in the heart of Forbes, NSW.
Situated in the town centre, across from Victoria Park and other historic buildings like the courthouse, the hotel was built after the gold rush, which played a significant role in Forbes growth.
The hotel features two separate bars, one of which was formerly the stables, serving the rear courtyard and hosting private functions. It also has a commercial kitchen that caters to hotel and caf guests on the western side of the building. Additionally, the hotel offers 14 accommodation rooms of various sizes, with some opening onto a meticulously maintained verandah spanning the length of the building.
This property is suitable for industry newcomers and experienced operators seeking to expand their portfolio. The financial information attached to this hotel does not fullyreflect its true trading potential, and the accountant-verified figures provide a more accurate representation of the hotels current position.
- Recently undergone a full intenal and external renovation
- Brand new POS system and entertainment equipment
- Projected FY23 net profit of $335,803- Two bars, commercial kitchen servicing bistro and cafe
- 14 well-appointed accommodation rooms
- Central location in Forbes town centre
- Inspections by appointment only
Date updated: 28 Apr 2024 23:00:03
More Information
- Total Purchase Price: $1,200,000
- Net Income: $ 335,803
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
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How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?