Link Business

Impressive North Hobart Hotel offering Bar, Eatery, Live Music & Accommodation.

Listing: #TA00121

Nawwar Alshawi

Broker | Tasmania

Nawwar Alshawi

nawwar.alshawi@linkbusiness.com.au

+61 3 6135 4446

+61 427 770 770


About this Business for sale in Hobart & Southern

Impressive North Hobart Hotel offering Bar, Eatery, Live Music & Accommodation.

A Hobart institution for live music, and close to the burgeoning North Hobart restaurant strip, now heading into its 6th year of operation with plenty of scope for future growth. This unique and popular venue has been recently renovated and extended to now include 13 fully refurbished accommodation rooms, a recently refurbished kitchen (including brand new top of the range combi oven), and newly constructed Tasmanian hardwood dining tables and chairs.

With the investment and hard work to refresh the interiors out of the way, the business is now primed and ready for a new owner to establish themselves in this thriving food and beverage precinct.

Rarely do venues in this tightly held area of North Hobart come onto the market. So click "Enquire Now" to discuss this opportunity with us further.

Highlights include:

  • Iconic “Live Music” venue with 24-hour liquor license.
  • Sought after North Hobart location.
  • Large seating capacity both inside and outside with a generous beer garden.
  • 8 ball tables, 2 separate bar areas and dining and lounge area
  • Refurbished commercial kitchen with top of the range appliances
  • Separate short stay accommodation business, operating at 85% occupancy
  • $100k p/a lease with 11 years left and only CPI increases.
  • 12 tap beer system with rebate in place.
  • 13 newly opened accommodation rooms.

Price : $300,000 + SAV

Tasmania
nawwar.alshawi@linkbusiness.com.au
+61 3 6135 4446
+61 427 770 770

Nawwar Alshawi

Enquire Now

*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.