14 Princess Highway

Kanmantoo SA 5252

The original building was very well built from local stone, some walls being 2 feet thick. There are also massive red gum support beams plus Huon pine flooring (in the original section) The building has been totally renovated with electrical wiring, plumbing and roofing replaced, new grease trap and enviro cycle style, septic waste system and all follow the standards required by Council and all relevant authorities adhered to. The all important provisions of safety within the Liquor Licensing Act 1997, together with all other relevant Acts of Parliament have also been adhered to. There are also two Bed & Breakfast stand alone units.
This whole process took just under two years to complete.
Further improvements embrace the fact that there is undercover parking for owner vehicles as well as B & B guests. A large double garage, wonderful private, well established garden and grounds plus a dedicated well maintained organic vegetable garden area.
Mains water is connected to the property. Also a large underground, lined tank (approximately 10,000 gallons), plus further rainwater tanks are included.
The total area of the premises (excluding B & B's) is approximately 280 m2 or 300 m2 of which the proprietors enjoy the privacy of their own 3 bedroom accommodation. This includes office, kitchen/meals, lounge and outside pergola area.
The Restaurant/Licensing Areas and numbers
Comprises kitchen service room, separate kitchen, adjoining store room and cool room, bar reception, male/female and unisex/disabled toilets, 4 designated restaurant areas plus the outside verandah/restaurant area.
Area 1 60 persons; Area 2 12 persons; Area 3 20 persons; Area 4 60 persons. Total capacity at any one time not to exceed 100 persons.
Bed and Breakfast Component of Business
Operating for approximately 3-1/2 years: $280.00 package for Wednesday/Thursday Cottage breakfast 3 course Meal for 2: $300.00 package for Friday/Saturday and Sunday: 50-60% occupancy approximately $40,000.00 gross per annum (total); Notably Kanmantoo mine staff area also starting to use the facility (special packages).
Overview Business and Lifestyle Positives
1.Business has been in operation for approximately 9 years.
2.The Kanmantoo Copper mines are now in the employment and mine expansive/operative mode, with another 150 employees a real bonus to the area.
3.The business has shown steady growth and profitability in last 3 years of tax figures.
4.The business hours are conducive to a great lifestyle
a.Furthermore closed on Mondays and Tuesdays (except public holidays)
b.Restaurant is closed every year for month of September.
5.All improvements are modern and well maintained.
6.The Plant and Equipment is extensive and relatively new.
7.There is scope to expand the B & B subject to normal Council Consents.
8.The business is located approximately 49kms from Adelaide or just 45 minutes drive either via the Freeway at the Callington interchange or via the Old Princess Highway.
9.The business and buildings offer a simplified infrastructure, good parking and a vibrant garden setting.
Summary
The owners are retiring Tony has spent virtually 60 years in the business of ''hospitality''. Today the new owners will enjoy a soundly profitable business, offering great returns on the capital value of the property (whilst living in your own private quarters - another real bonus), and working hours which are conducive to a great lifestyle with plenty of time off and annual holidays.
The Vendors have a preference to sell the business and the freehold as one in doing so they are open to negotiation in essence, you will be able to purchase as a whole at well below overall replacement and set up costs.
Certainly a compelling opportunity, which I am sure you will recognise as soon as you walk through the original front door of this lovely old building which offers a wonderful history and an indelible, prosperous future.
Business showing good returns and growing - ideal working hours, conducive to a great lifestyle.