Bellevue Hotel
About this opportunity
Suburban hotel very close to the CBD and short stroll to the new stadium that’s come of age with greatly increased numbers across the board including EGM figures. A development opportunity also exists with the premises to complement the massive neighbouring developments already underway.
Business Story
The Bellevue Hotel is a 2 minute drive from Townsville's CBD and is a South Townsville landmark that is currently owned by a passionate family owner operator with a long history in the liquor trade. You will understand the proud ownership with just one look at the hotel and the condition in which it’s has been kept. It’s a great opportunity that will suit a family operation, hotel group looking to expand or astute investor wishing to secure a rock solid investment with endless future opportunities in a great location.
The hotel has so much to offer day in day out in its well established suburban location servicing repeat clientele from 9.00am. There are many income streams for promotion and currently the owners have a weekly theme program that works well but can still be improved upon.
It has an excellent base of gaming turnover that is continues to have record months through 15 machines with a 2.00am gaming licence, large open public bar area with separate area for pool tables, refurbished and branded bottle shop with security, well patronized dining area serving quality meals at affordable prices from a fully functional chefs kitchen, Keno, a pub tab with refurbishment, a covered garden area with stage for entertainment.
The Bellevue hotel is sited on 2 separate blocks totaling 1681m2. The current location and zoning allows for significant improvements to be made with height restrictions of 4 levels but possibly 8 with council dispensation, 2 minute drive from Townsville CBD, walking distance to the new stadium and entertainment centre. The new approved river promenade plan will include a foot bridge linking the city with Palmer Street which is also a short stroll form the Hotel.
Relocation of the Railway yards again on the way to the new stadium and entertainment centre to a new site will see massive residential development occur in that area. One developer is already touting a project that includes 400 units so it all bodes well for the future of the area.
If this great business opportunity is for you, to look is a must. The Seller is motivated and is genuinely looking for offers to purchase.
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Denny has a long career in all forms of business including Corporate Management with International and National FMCG organizations, with vast experience in the fields of Operational Management, Sales and Marketing Management, Franchise Business Management to Small Business Owner / Operator of Motels, Courier and Supermarket businesses.
In 2007 Denny saw the need for a good communicator with a strong understanding of business operation to offer a Business Broking service second to none. Denny's combined experienced gained over many years in the Corporate world and small business ownership has taken Business Brokering to new heights with with the Business Sales Group that includes NQ Business Sales, CQ Business Sales FNQ Business Sales and SEQ Business Sales, a very automated business utilizing technology to gain reach with unprecedented response in offers, time and product in the most professional manner.
Denny's focus is to satisfy Sellers and Buyers during transactions to deliver only good outcomes. In addition to this grow the business base and maximize the use of latest technologies to deliver a quality product.
Phil started his working career in purchasing with large and multi-national companies in Sydney.
A family relocation to Bowen in 1974 was the catalyst to owning his own business.
Phil has been in various businesses from Pest Control to Delicatessen/Takeaway and has for the last 39 years built a wholesale business that has served Bowen, Whitsundays, Mackay and the Coalfields, from 1 truck and himself to 6 trucks and 15 employees.
This has given Phil a very solid knowledge of the area from Bowen to Rockhampton and what it takes to thrive in business there.
Phil has a strong knowledge of business and business practices built through the process of growing his own business as well as time spent on State Franchise Council and dealing with the many changing government policies in those 39 years.
The process of selling his own business has shown Phil the real need for a locally based business broker, easily contacted and heavily focused on the Central Queensland area, which has led to his involvement in CQ Business Brokers.