Well Known Hotel Reginal Victoria

This independent accommodation business is located in an unbeatable location in one of Victoria's' fastest-growing regional cities. 4.5-star ratings and luxury rooms with a fully functional restaurant. Currently turning over $2,800,000 per annum.Weekly rent is just $11,000+GST and a long lease is available for 30 years. The landlord is planning to add another 18 rooms to the property by the end of 2023. Business is consistently operating with high occupancy rate and last two years' average net profit $850,000 p.a ( EBITA) Due to the large number of development projects in the area, the projected net profit for the 2022 financial year is as high as $1,00,000 Selling due to the relocation and willing to provide up to three months of assistance after settlement. Vendor expecting $3,150,000 or near offer