Hotelbroker in Wagga Wagga, New South Wales, Australia | Property

Hotelbroker

Locality: Wagga Wagga, New South Wales, Australia

Phone: +61 417 252 199

Address: 117 Byrnes Rd 2650 Wagga Wagga, NSW, Australia

Website: http://www.hotelbroker.com.au

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25.01.2022 Royal Tavern - Coolamon Freehold either 0 Gaming Machine Entitlements Asking $550,000 or 6 Gaming Machine Entitlements for $1,650,000. ... Coolamon continues to grow rapidly, 41 km North West of Wagga Wagga, one of the richest pastoral and agricultural districts in the Riverina, many tourist now enjoy the streetscape featuring the Coolamon cheese factory, Up-To Date store and museums. The Royal Tavern sits prominently at the head of the main street. Refitted and upgraded after fire damage in 1990. This single storey hotel combines the presentation of a classic country pub with the facilities of a modern hotel as demanded by patrons today. Situated on a large 1,770 square meter block, the hotel includes a classic bar, gaming room/lounge, dining room, kitchen, managers unit, beer garden and carpark. The asking price of this hotel is underpinned by the asset value of the property. Well worth further consideration. All inspections are to be conducted through the agent.

24.01.2022 This is an unprecedented time for the hotel industry with Covid 19 Mar 19 Federal Government closed hotels in Australia May 8 Federal Government announced 3 stage plan for return to normal trading.... It is hoped that normal will be achieved in July State Governments to call the shots. June 1 NSW Government permits hotels to re-open all facilities subject to social distancing and max 50 people per trading area. During this unprecedented time Chris Tinning & Co has continued to support the hotel industry: Providing extracts from AHA, NSW Government, Australian Government clarifying announcements and correcting rumour Landlord/Lessee rental negotiations GME Landlord/Lessee rental negotiations Sales of GME’s Leasing of GME’s Re-negotiation of property sales that were to settle during the shutdown period. Enquiries regarding future purchase of hotels. Sale of one new leasehold and one investment hotel. Discussions with vendors for the majority of our hotel listings resulted in the sales process being hibernated during the shutdown. Buoyed by the restricted opening many vendors have now agreed that their properties can again be presented to the market. Our industry body the AHA NSW should be congratulated on their management through this period. The information provided to assist shutdown then restart, discussions with industry suppliers and negotiations with Government have resulted in some marvellous concessions that allow hotels to again recommence trading, far earlier than first predicted. It is now up to the operators not to stuff this up and prove that we can operate in a safe manner. The hotel industry has proven to be extremely resilient. Never before have we faced a trading shutdown whilst still occurring holding expenses, it has been a long road. As foggy as a crystal ball would be: I do not see a lot of hotels suddenly for sale, nor do I see values falling. Possibly during this initial re-opening there may be some operators who don’t want to continue, yet many will just roll up their sleeves and keep pouring beer. So now the show must go on . After a productive break the industry is back to it. For factual and practical advice regarding the hotel industry then please contact me at any time. Nicholas Tinning 0417 252199

23.01.2022 Cheapest Freehold Hotel in NSW $185,000 Shamrock Hotel - Greenethorpe... Turnkey opportunity, just add stock and trade away. Owners committed elsewhere . Frustrated owners just want a purchaser to complete the deal. Property has been independently valued at this price. The village of Greenethorpe want their social hub back. First in . Best dressed. Call today to inspect A Central West NSW village, between Cowra, Grenfell & Young. Four hours' drive from Sydney and two hours' from Canberra. Nearby Iandra Castle attracts many for its open days. Contact Nick to inspect 0417 252199

23.01.2022 The New Legislation - Changes to the Gaming Machines Act. Now we know what we are dealing with.

23.01.2022 Yenda Hotel A one hotel town on the edge of a regional city. Three key points: Consistent business Easy to operate food leased out, so just a bar, gaming and accom.... Low Risk Gaming Machine Entitlements, land & building, minimise goodwill value. See more

22.01.2022 Freehold with potential - $525,000 Far South Coast Hotel Motel Located on a major highway Recent renovations 6 Days (Closed Mondays)... Profit $90k + PA For more details contact Nick 0417 252199

21.01.2022 Wombat Hotel Affordable leasehold opportunity This iconic hotel in the cherry growing heartland provides an all-round business including bar, food and gaming. This is a profitable business with sales approx. $20,000 pw. Asking $79,000 + Stock Contact Nick 0417 252199 for further information

19.01.2022 Not Your Traditional Pub Leasehold $155,000 This affordable leasehold business is under two hours from Canberra in a strong south-west slopes town.... Much more than your outdated Pub! Offering boutique beer, dining, coffee & cake; having been extensively modernised to provide the facilities demanded today. A modern bar with ground floor cellar, separate dining room, commercial kitchen, 7 updated guestrooms and a self-contained owners unit. The bifold street windows allow the outside in and the corner location is perfect for on street dining. Currently achieving $10,000 pw in sales from 5 days trading. Do you have the vision? Bring your skills, everything is here. Just add your flair! Call Nick 0417 252199 for more info.

18.01.2022 Great Southern Hotel Eden - Diamonds are Forever After 25 years in Eden, the owners have accumulated the majority of the Liquor sales opportunities in the South Coast town of Eden. An opportunity to acquire such comprehensive market dominance in a coastal location - with undoubtedly positive future tourism growth - is extremely rare.... Preference will be given to a purchaser who negotiates to acquire all the assets. Hotel: Sales $3,885,000 15 Gaming Machines Liquor Store: Sales $1,500,000 Drift bar: on the Wharf Additional retail building: $500,000 For information and Inspections call Nick: 0417 252 199

16.01.2022 Rare ... Mid North Coast NSW Leasehold $190,000 Situated in a popular tourist destination, offering a lifestyle and thriving business. Single storey, modern tavern Easy operation - Bar & Food... Sales $14,000 pw Long lease term Further details contact Nick 0417 252199

16.01.2022 That time The Gravy Man dropped by to sing you a little Christmas tune

15.01.2022 Worth a good look! Located at the crossroads of two major highways. Leasehold $195,000 Weekly Sales $16,000 + 30 min to Provincial Centre ... Strong profit in a progressive country town For further details contact Nick 0417 252199

14.01.2022 Federal Hotel - Mudgee First time offered in 20 years One of Regional NSW fastest growing areas A rare find: Diamond in the Rough Ripe to polish and profit... Inspections by appointment only See more

13.01.2022 Shamrock Hotel Greenethorpe A Central West NSW village, between Cowra, Grenfell & Young. Four Hours’ drive from Sydney and two hours’ from Canberra. Iandra Castle nearby draws many for its open days. Renovated to provide modern glycol beer system, solar power, commercial kitchen, upgraded guest rooms, there is also plenty of room to expand possibly free camping.... Current trading 4 days Thur 5 pm to Midnight, Fri 5 pm to Midnight Sat 4:30 pm to Midnight Sun 11:30 am to 9 pm Plenty of potential for the motivated operator. Asking price $320,000 Contact Nick to inspect today 0417 252199.

13.01.2022 Bi Annual alcohol excise strikes again The Australian Tax Office has advised that alcohol excise duty rates will increase again from the 4th February 2019. The February 19 CPI indexation factor is set at 1.010. Excise rates for alcohol are indexed twice a year in line with the CPI - in February and August.... Link to the ATO https://www.ato.gov.au//alcohol-/excise-rates-for-alcohol/ I know most industry bodies are fighting against this exponential bi-annual tax grab .. no lobby group seems to be able to gain any traction. Well maybe it is up to those who are in the front line; either pass this on to the consumer or see your margins eroded. We need the consumer to help us fight the battle. Information is key - I have attached a flyer many are putting up around the bar or on the counter, feel free to print and use this. Good luck in the fight. https://www.hotelbroker.com.au//Bi-Annual-alcohol-excise-s

13.01.2022 The Royal Hotel, Mirrool - Adjacant to the busy Newell Highway. - Social Hub for the local community.... An attractive country pub that has been maintained and updated over the years to provide a balance between "classic country pub" and the facilities demanded by patrons today. A strong local community combined with 1,900 daily traffic movements along the Newell Highway provide every opportunity to make the business a success. The Royal Hotel will suit someone entering the industry or an experienced operator looking for that great country lifestyle. For all enquiries call Nick: 0417 252 199

11.01.2022 Light Horse Hotel - Murrumburrah The historic (c1863) Light Horse Hotel has been extensively renovated over recent years to provide tasteful, quality, modern facilities for today’s patrons. Having renovated and leased the property out over recent years, The owners are now looking for a new challenge.... Situated on the Burley Griffin Way linking South West NSW to the Hume Highway and Canberra the hotel enjoys a large amount of passing traffic and tourist visits. Sit on the deck at the front of the hotel, enjoy a beer, coffee, meal or snack ... it's easy to see the potential. The bar includes TAB area, separate gaming area with 1 poker machine. Across the entrance foyer is a period dining room serviced by a renovated kitchen. The rear deck , linking the bar and dining areas can be used for functions or patron overflow. The first floor guestrooms (10) have been refurbished to provide that classic comfortable pub stay. The hotel has classic pressed metal ceilings throughout. Current sponsor of the local Rugby Union Club, the hotel enjoys an eclectic mix of patrons. This historic Hotel is ready for a motivated operator to take in any direction. $750,000 including 1 Poker Machine OR $650,000 Land & Building only

08.01.2022 Great local brewery...on the move

07.01.2022 NSW South Coast Hinterland Leasehold $150,000 This village is undergoing major population growth with a subdivision underway. Close to a provincial center. 6 day's (Closed Monday) Weekly sales $8k +... Good little earner For more details contact Nick 0417 252199

07.01.2022 Priced to sell Commercial Hotel Lake Cargelligo $230,000 + Stock Leasehold Interest Long term, generous rental, all the hard work has been done.... Modern Beer system, Point of sale, upgraded commercial kitchen and more. Weekly sales in excess of $15,500, backed by strong bar, food and gaming. Profit over $100k pa . even more for a motivated operator. You don't have to be a millionaire to make good money in this industry . use this opportunity as the stepping stone. The current owner is retiring after 4 years at the helm. Call Nick Today 0417 252199 for a full property report showing the profit an opportunity such as this presents.

06.01.2022 I currently have the following Gaming Machine Entitlements for sale: Regional City Hotel License incl. 12 GME’s (Band 3) possible to land 10 GME’s Building also available... City Block $390,000 (2 landed) (Band 1) City 6 $1,140,000 (6 landed) (Band 1) GME’s for lease Some include current machine Please call anytime to discuss Regards Nicholas Tinning 0417 252199

06.01.2022 Market Report May 2018 Since the announcement of the Gaming Machines Amendment Bill in March the hotel marketplace has been extremely busy.... Freehold hotels with 3, 6, 9 or 12 entitlements have been strong demand, with existing hoteliers taking advantage of the new banding (freeing up some areas that previously found it difficult to add GME’s), the provision allowing the sale of 2 blocks of GME’s to Metropolitan hotels per year and the ability for hotels to sell GME’s without forfeiture. For Hotels with multiples of 3 entitlements this resulted in a windfall gain of approx. $190,000 (3 GME’s) or $380,000 (6 GME’s). In many cases the value of the entitlements now were greater than the business value. A number of hoteliers have chosen to take this opportunity .. I stress to these hoteliers, seek advice on the taxation implications from your accountant. I foresee that come September this year up to 50 country hotels will close following the sale of all their GME’s. At the end of the year another 50 will follow. This will create an expanded marketplace for hotels with no entitlements, often with asset values far exceeding the sale price of these hotels. For some; a new improved business with emphasis on food and accommodation above the standard country pub level For others a hard slog trying to make the business profitable using the traditional hotel model; with no gaming. There will certainly be some exciting initiatives and changes in the hoteling business to come. The big end of the hotel market remains strong with strong demand for Regional Country hotels. Purchasers in the majority are hoteliers who now have multiple hotels and are looking to add to their holdings and enjoy economies of scale. Demand continues for hotels who have gaming . Particulary for those that think that their gaming can be improved. For country leasehold hotels, demand from new operators continues to be slow. We need to show that this is a great industry to be in and profits continue. This is an affordable entry level, to cut your teeth and move through the industry. Interesting times follow.

01.01.2022 Information about leasing GME's To download a copy see the news section at www.hotelbroker.com.au

01.01.2022 Are you thinking about putting in a new air conditioner or upgrading your existing one? Households and small businesses in NSW can get a discount up to $1000 if... they install an air conditioner with a high star rating. For more information visit: https://www.nsw.gov.au//save-up-to-1000-on-a-new-air-cond/

01.01.2022 Changes to Gaming in NSW The announcement today by the NSW Government could mean that some hotels will increase in value, and some will be frozen or lose value. https://www.liquorandgaming.nsw.gov.au//proposed-reforms-t ... I have long championed the call for Poker Machine Entitlements to be able to be leased to other hotels. Hotels with 10 or less PME’s are proposed to have the opportunity to lease entitlements to other hotels, creating a further revenue scheme without selling off their Crown Jewels. It will be interesting to see how the market determines a rental or premium payment for this to occur watch this space. The change in Bands will effect some hotel values. For some they may lose value as they move to a higher band, For others they may be receive a comparative advantage by being able to add gaming when their close neighbours are restricted. The proposed legislation encourages poor operators to divest of gaming if they have 6 or less PME’s they can sell without forfeiture, All country hotels are proposed to be able to sell 2 blocks to the city each year not the one block currently legislated. All this is legislation introduced to Parliament today and expected to be passed in the next month. The proof will be in the fine print of the final legislation. Please contact me for a more specific opinion regarding the effects on your hotel. There is little doubt this will have an influence on market values.