Listing ID: 668
Offering the historic charm of yesteryear, combined with an extensive $1.3 million makeover in 2008, the Court House Hotel is a very impressive freehold investment in the tourist town of Smythesdale.
The Hotel is located in the main street of this historic town, just 19km from Ballarat, on the lucrative Glenelg Highway. Boasting a progressive and beautiful country setting, Smythesdale offers a strong and growing community environment in which to run a business and live a relaxed lifestyle.
This Georgian-style Country Bar, Bistro and Cafe, built in the 1850s, enjoys an excellent reputation for quality food and service, twice making the finals of major hospitality awards.
The current owner has made some impressive improvements over the last 2 years, developing greater daytime trade through the introduction of the cafe, and growing function market. The business is now very solid and profitable.
The liquor licence is for 190 patrons, which includes a 120-seat Bistro, overlooking the large sunny garden and kids' playground - so the hotel attracts many large groups. The introduction of quality coffee and an impressive menu sees the venue well supported by locals, Ballarat residents and tourists.
The hotel includes a 'wow' factor front bar area, and a beautifully appointed function room with 14ft ceilings and an open fire, suitable
for up to 80 guests for private dinners, conferences or celebrations.
At a glance:
- One-bedroom and ensuite facility for owner/manager included
- Excellent staff in place, capable of operating the business without supervision
- New, modern equipment owned outright
This outstanding investment includes excellent opportunities for further growth, such as introducing outside catering, marketing the hotel as a conference and wedding venue, introducing more live music, introducing a breakfast menu, or expanding the hotel's popular house-baked products to sell online.
Freehold price: $1,250,000
Smythesdale, Victoria 3351