TAROONA LOUNGE BAR, 178 CHANNEL HIGHWAY,
Taroona, TAS 7053
Hotel, Motel & Leisure
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Map of TAROONA LOUNGE BAR, 178 CHANNEL HIGHWAY
LEASEHOLD BAR, RESTAURANT AND BOTTLESHOP
This offering is one of the most exciting "owner-occupier" licensed venue opportunities Merchants Hobart has listed for some time, due to its balance of lifestyle and financial attributes.
The Taroona Hotel was redeveloped and opened to the public as the "Taroona Lounge Bar" on 17th July 2009.
The Venue's principals, Kelly Purcell and Stephen Klingsporn, breathed life into the one hotel suburb of Taroona by delivering a combination of quality food and beverage, amongst a modern yet intimate décor that surpasses patron's expectations.
In 2010 the Tasmanian Hotels Association presented Kelly and Stephen with both the "New Establishment Award" and "Best Re-Developed Venue Award".
Evidencing this, the Sales Turnover increased 18% from 2010FY to 2011FY, to in excess of $1.174m.
Kelly and Stephen hail from Mansfield at the foothills of Victoria's Australian Alps. Mansfield is a country town with 3 Hotels and a population not much greater than that of Taroona (2,981). When Kelly and Stephen came across the opportunity to redevelop the Taroona Hotel into the "Taroona Lounge Bar" they grabbed it with both hands, and the community of Taroona has supported every investment and initiative they have made.
With the stabilisation of overheads, the business is perfectly positioned to incorporate growth opportunities into what already has become a very sustainable business model. Furthermore, the Taroona Lounge Bar offers some very unique lifestyle attributes, rarely found today in the ownership and operation of a suburban hotel.
The business is offered for sale as a leasehold going concern with on-license and off-licence. The current lease term expires 16th July 2014 with three further five year options, expiring 16th July 2029. A base rent is established and increases annually by 3% for the life of the lease, with no market reviews.
The Taroona Lounge Bar is offered For Sale by Negotiation. Buyers looking in the $600,000 plus SAV price range should contact Simon Merchant direct on 0419 595 1... or simon@merchants.net.au.
A comprehensive Information Memorandum is available in exchange for parties signing a Deed of Confidentiality.
The Taroona Hotel was redeveloped and opened to the public as the "Taroona Lounge Bar" on 17th July 2009.
The Venue's principals, Kelly Purcell and Stephen Klingsporn, breathed life into the one hotel suburb of Taroona by delivering a combination of quality food and beverage, amongst a modern yet intimate décor that surpasses patron's expectations.
In 2010 the Tasmanian Hotels Association presented Kelly and Stephen with both the "New Establishment Award" and "Best Re-Developed Venue Award".
Evidencing this, the Sales Turnover increased 18% from 2010FY to 2011FY, to in excess of $1.174m.
Kelly and Stephen hail from Mansfield at the foothills of Victoria's Australian Alps. Mansfield is a country town with 3 Hotels and a population not much greater than that of Taroona (2,981). When Kelly and Stephen came across the opportunity to redevelop the Taroona Hotel into the "Taroona Lounge Bar" they grabbed it with both hands, and the community of Taroona has supported every investment and initiative they have made.
With the stabilisation of overheads, the business is perfectly positioned to incorporate growth opportunities into what already has become a very sustainable business model. Furthermore, the Taroona Lounge Bar offers some very unique lifestyle attributes, rarely found today in the ownership and operation of a suburban hotel.
The business is offered for sale as a leasehold going concern with on-license and off-licence. The current lease term expires 16th July 2014 with three further five year options, expiring 16th July 2029. A base rent is established and increases annually by 3% for the life of the lease, with no market reviews.
The Taroona Lounge Bar is offered For Sale by Negotiation. Buyers looking in the $600,000 plus SAV price range should contact Simon Merchant direct on 0419 595 1... or simon@merchants.net.au.
A comprehensive Information Memorandum is available in exchange for parties signing a Deed of Confidentiality.
Property ID: 5819431Last Updated: 5 Dec 2013
0419 595 1...
TAROONA LOUNGE BAR, 178 CHANNEL HIGHWAY
Taroona, TAS 7053
Merchants North Queensland - Cairns43 Moore Street
TRINITY BEACH, QLD 4879
TRINITY BEACH, QLD 4879
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