Freehold Motel and Licensed Restaurant for Sale Borroloola NT

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Freehold NT Motel with Licensed Restaurant - Borroloola NT

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Why buy this Freehold Motel and Licensed Restaurant Business

Freehold Motel and Licensed Restaurant for Sale Borroloola NT Asking: $1,200,000

The Savannah Way Motel is situated on the iconic Savannah Way Route and located minutes from the MacArthur River Home to some of the best Barramundi fishing in Australia. It is one of only three Motel/Hotel Accommodation providers in Borroloola NT. Its principal client base is composed of government and corporate employees visiting Borroloola for work related purposes, although it also provides services to Tourists. It is the only accommodation facility in Borroloola with both an onsite restaurant and in-house takeaway liquor license. The licensed restaurant has a capacity of 74 persons inside and two outside alfresco areas while the Motel has been recently expanded to now provide 26 rooms for guests.

Key feature of the business include:
* Annual turnover in excess of $1.25 million
* Liquor license allows for In-house dining and In-house Guest takeaway
* Licensed restaurant with 74 pax capacity & 2 outside alfresco areas
* Caretaker accommodation on site for owners / manager
* Bookings are principally Government Agencies and Corporate travellers
* One of only three motel/hotel style accommodation providers in Borroloola
* 12 KVA Solar System recently installed and power system upgraded
* Significant upgrades made to the premises over recent years

The business is ideally situated to take advantage of the rapidly growing domestic \'self-drive\' tourism market The Savannah Way is one of the Iconic Road trips in Northern Australia and there is sealed road access right through to Borroloola. This is the first time the business has been on the market in 17 years. If you are interested in this very rare opportunity, act now and call Andrew Hahn at Territory Business Sales on 08 8941 3000 or email andrew@tbsav.com.au for more information.

TBS - Licensed Agent AL1041 16 Smith St Darwin NT