McDonald Hospitality Brokers | Hospitality Business & Property Brokers
Freehold Going Concern - $795,000
SOLD - Doodle Cooma Arms Hotel, Henty NSW - 1P0189
Agent
Dan McDonald
0437838368
Freehold Going Concern - $795,000
Only Hotel In Town!
MHB are pleased to offer for sale the Freehold Going Concern Business of the Doodle Cooma Arms Hotel located in Henty NSW.
The Doodle Cooma Arms Hotel first opened its doors in 1889 as the town’s first pub and public meeting place, and 130 years later it remains the only pub in town.
Rebuilt in 1918, this historic two-storey pub boasts a public bar, commercial kitchen, dining room, bistro, beer garden, 11 accommodation rooms plus a great sized residence.
In 2017 the hotel underwent a vast and varied amount of capital works that included the repair of some structural issues, new roof, along with upgrading to a more successful kitchen operation, and upgrades to the accommodation rooms and facilities has brought the hotel forward into today`s standards and has now provided a far greater occupancy and customer satisfaction within the hotel’s accommodation offering.
This wonderful example of a classic country hotel will not disappoint with many business options to enhance the existing turnover with the right motivated operator. These include the potential to operate a drive thru bottle shop via a roller door at the rear of the hotel adjoining the massive car park that also is the home of 2 x large sheds that could double as bulk purpose storage as well as housing the Toyota van and forklift that is also included in the hotel sale. Other recent upgrades encompass the most important part of any pub being the beer system which has been upgraded to a glycol system with all new FOBS, beer line cleaning system, new cool room condenser and of course the Andale glycol system itself.
This beautiful old pub also has a very tidy and larger than normal beer garden that houses an updated playground and near new outdoor stage and oversized undercover area at the rear of the building. Upstairs, the accommodation rooms offer a healthy mix of twin single, family and double options that are currently offered below the market rate. There is also a “managers” residence which has been recently updated with new kitchen and bathroom.
Being the only watering hole in the town that offers accommodation also it is always popular with the influx of workers required for the HUGE Henty field days held annually and is booked out for weeks both sides and during the event. The hotel has a very strong local following and enjoys a great amount of support from all the local sporting bodies in the area and of course the local street fair is another bigger trading period. Currently the kitchen offers 3 nights and 2 days of full kitchen menu with the remaining days offering a COGS friendly pizza menu 7 days a week. Like any great country pub, the focus is on the beverage side of the business with an approx. revenue split of 65/35 in favour of beverage over food.
Delivering consistent turnover this is a pub that has a TRUE captured market with zero direct competition and is primed and ready for owner operator or clever investor.
Key Features:
* Multiple income streams across food, beverage and accommodation
* Public bar, commercial kitchen, bistro, dining
* Large undercover beer garden, playground
* 11 x hotel style accommodation rooms
* Home of the famous annual Henty Field Days
* Strong local following/sports sponsor
* 11 x hotel style accommodation rooms
* Strong Pizza sales – currently run 7 x days per week
* Situated upon approx. 1,663m2 of Village (RU5) Zoned land
This is the perfect opportunity for an astute investor who could purchase the freehold and offer a long secure lease for a healthy return or the owner operator to continue the growth of this historic pub.
Contact Dan McDonald at MHB to arrange an inspection.