Listing ID: 1194
If you are serious about breaking into the hotel business, this is an opportunity you really cannot afford to miss. Priced well below valuation for a quick sale, chances like this don't come around that often, so act quickly.
Mount Jeffcott Hotel was the first hotel in Donald, and is well known by locals and visitors for its great atmosphere, friendly welcome, and good food.
Established hotel business PLUS freehold on nearly an acre
Great location opposite mall in the centre of town
Close to motels and caravan parks
Price drastically reduced - below valuation
Easy to run, 6-day-a-week business
Only TAB within 40km
Full commercial kitchen
Seats up to 90 for lunch and dinner in the Bistro
Separate accommodation for owners/manager
This is the chance of a lifetime for a young couple or family keen to buy their own hotel business. And the deal just got even better!
The business is for sale with the freehold, but the current owners would consider a lease option to approved purchsers. They are also willing to consider any sensible cash offer. Very attractive Vendor Terms are available with a $100,000 deposit.
Already a successful business, there is huge potential to take this hotel to the next level - especially given its bargain basement price. The current owners are in their 70s and believe it's time for new blood.
Donald is a town located in the popular Wimmera Mallee region, renowned for its natural heritage, historic buildings and charming boutiques. It also offers easy access to the Grampians National Park, Mount Arapiles, and Little Desert National Park.
Price: $315,000 negotiable
Donald, Victoria 3480