14 Business / Investment Property Guide - CRE Brokers
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Business / Investment Property Guide
EDITION #14, JUNE 2019
14
CRE BROKERS
Welcome to the
14th edition of infocus
With the Financial Year End fast approaching now is the time to plan your 2020
business growth. A meeting with your accountants and finance advisors is beneficial.
CRE has seen a strong year of sales with many properties under offer.
We are hoping to conduct another In Room Auction later in the year and will keep you
updated.
Residential Property has seen a marked reduction in value but the Commercial
market has been stable reflecting a good return for investors including private equity
and domestic super funds.
Challenges in accessing finance as a result of the Banking Royal Commission are
expected to continue so it is important to have current financial records available.
As always we thank you for taking the time to read infocus, we hope you enjoy the
content and the specialist articles.
Please contact any of our specialist brokers (Page 24 & 25) for more information on
the properties and businesses displayed in Infocus 14 or any industry related query.
Th ank yo u ,
CRE Brokers
Front Cover: Googarra Beach Caravan Park (Page 7)
02 www.crebrokers.com | 1300 767 802
INDEX
BARS & NIGHTCLUBS
05
CARAVAN PARKS
07
HOTELS
17
MANAGEMENT RIGHTS
23
MOTELS
26
OTHER OPPORTUNITIES
31
Victoria NSW
Head Office Albury Office
Unit 4, 10 Lakewood Blvd, Carrum Downs 3201 Suite 1A, Level 3, 429 Swift Street, Albury NSW 2640
Tel: 1300 767 802 Fax: 03 9580 3355 Tel: 02 6023 5777 Fax: 02 6023 5778
mail@crebrokers.com mail@crebrokers.com
Queensland/Northern NSW Tasmania
Sunshine Coast Office Head Office
3A 5-7 Birtwill Street, Coolum Beach, QLD 4573 Unit 4, 10 Lakewood Blvd, Carrum Downs 3201
Tel: 0456 000 880 Fax: 07 5335 1696 Tel: 1300 767 802 Fax: 03 9580 3355
admin@crebrokers.com mail@crebrokers.com
Business / Investment Property Guide | EDITION #14, JUNE 2019 03
A fresh
approach
to all things
finance.
If you want a better finance deal for the purchase, lease or expansion of your business,
the team at Green Finance Group have the know-how, experience and industry reputation
to make it happen. We could even find you a better deal with your own bank.
Now that is refreshing!
• Experience – 20+ years • Competitive cash flow lending
• Industry award-winning finance consultants • Residential & personal finance solutions for business
owners & directors
• Choice – 30+ banks & secure lenders
• Proven track record – 95% of our business is referred
• Negotiating power – we’re on your side
from existing clients
• Start-ups to market leaders – $20k to $100million+
Even if you think you’ve got a good deal with your existing bank we guarantee you’ll be surprised by the extra
savings that can be negotiated. Our team of finance consultants specialise in:
• Business & Franchise Finance • Caravan Park Finance • Health & Beauty Finance
• Pub, Club, Hotel & Bottleshop Finance • Management Rights Finance • Equipment Finance & Leasing
• Poker/Gaming Machine Finance • Childcare Finance • Residential & Investment Finance
• Accommodation & Motel Finance • Medical & Aged Care Finance • Supermarket & Petrol Station Finance
If you’d like to know how you could get a better deal on your business finance, call today:
Daniel Green
Director, Green Finance Group
M 0457 883 700 P 07 3899 2866
E daniel@greenfinancegroup.com.au
Australian Credit Licence Number 390222
Suite 2/63 Oxford St, Bulimba QLD 4171
facebook.com/greenfinancegroup | greenfinancegroup.com.au
04 www.crebrokers.com | 1300 767 802
BARS &
TRIPPY TACO ST KILDA VIC NIGHTCLUBS
LEASEHOLD BUSINESSES
A Solid Part of the Furniture.
■■ If patrons can’t snag an outside table ■■ Trippy Taco is filled with natural light,
then adjoining the outside area is an bright piñatas, tikis and prints. It’s like
undercover veranda with easy access hanging out in a groovy 1960s beach
to the bar and main dining area inside. house.
■■ There is an open plan fully equipped ■■ A long lease of 17 years, rent at $1950
commercial kitchen which when a week including GST, a restaurant
included with the bar is about half the and cafe licence until midnight with
size of the venue. So there is plenty of a capacity of 100 and all fixtures and
space and capacity to do large volumes fittings come with the venue.
of drinks and food, quickly. This is ■■ The vendor has decided to concentrate
especially helpful on the big weekends on his original venue which is closer to
of the St Kilda Festival, Gay Pride and home and is well motivated and realistic
when Catani Gardens is in full swing. about the sale of this venue.
$70,000
THE EMPIRE CLUB NARRE WARREN VIC
Do The Burbs Do It Better?
■■ The big question that the Empire and supported by an extensive fixture
Club easily answers judging by the and fittings list, a late night 3am liquor
line of patrons queuing to get in every licence and a capacity of 900 patrons.
weekend. ■■ Five years left on the lease with the
■■ Located in one of Australia’s fastest landlord willing to negotiate another 10
growing areas and drawing from a pool years.
of more than 40,000 18-24 year olds, ■■ Thanks to its lucrative operating
Empire is the answer to the south-east’s model, huge loyal customer base and
demand for the clubbing experience.
no direct competition in the area, an
■■ The Club has four individual rooms and
experienced operator or hospitality
dance floors, each with their own bar,
character and style of music, and there group is almost guaranteed a set
■■ An excellent set of books is available
is an incredible sound and light system.
■■ The venue is in excellent condition including tax returns.
$2,650,000
HERD BAR & GRILL HEALESVILLE VIC
Wouldn’t Be Out of Place in the City
■■ Just off the main drag in the busy and a very large car park to the rear.
Healesville area is one of the most ■■ Brand new lease of fifteen years with
striking buildings in town. the initial rent of only $1000 a week
■■ Heading inside you go in past the bar to including GST, a General Licence
the first level of varied seating and then until 1am on premises and 11pm off
step up on to the next level towards premises with a capacity of 100 and an
the rear of the venue with its sofas and extensive fixtures and fittings list.
more tables. ■■ The vendors are also the landlord. They
■■ Recessed in one wall behind is a very have set the venue up and now wish
visual wine cellar and behind the bar is to hand over and look at their other
a well-equipped commercial kitchen. developments. With an average weekly
■■ There is a small courtyard with bleacher income of over $22k this venue is low
seating and tables, bench seating along risk and high reward. Vendor’s terms
the length of the outside of the venue, are available.
$240,000
ORANGE WHIP NIGHTCLUB RINGWOOD VIC
A Really Impressive Suburban Nightclub
■■ Orange Whip has built a fiercely loyal VIP treatment there are booths and side
clientele and a strong reputation in rooms that can be sectioned off.
its industry. Just look at all the online ■■ A late night on premises licence until
reviews, the three Facebook pages with 5 am with a capacity of 620 and nine
an accumulation of over 60,000 Likes, years left on the lease with the option to
most of which are interactive. There negotiate another term on transfer. Rent
is also a separate database of over is $2650 a week including GST.
33,000 local contacts. ■■ There is a comprehensive fixtures and
■■ The venue features three separate
fittings list including all the sound and
rooms over two levels, each with their lighting equipment.
own bar and DJ, and the main dance ■■ The venue is very profitable and has a
floor having a dedicated stage good set of financial information.
■■ Above everything is an open-air
■■ Vendor terms are also available.
Contact: Lloyd Nunn M: 0410 329 129 E: lloyd@crebrokers.com courtyard. And for those wanting the
WWW.BARSALESMELBOURNE.COM.AU $395,000
Business / Investment Property Guide | EDITION #14, JUNE 2019 05
Expertise
We provide expert legal advice across all issues affecting the purchase,
sale, management and asset protection of both franchised and independent
motels, caravan parks, pubs, hotels and resorts nationwide.
You can be assured that your matter will, at all times, be managed by a
senior lawyer with specific skills and extensive industry experience.
David Burrough David Adolphe
Consultant Acc. Spec. (Bus.) – Qld
Special Counsel
David Burrough has been David Adolphe is a Queensland
practising almost exclusively Law Society Accredited
in Tourism and Hospitality Business Law Specialist and
Law for over 25 years and has been in practice for 17
is widely recognised as a years. He has advised clients
leader in this area. Authentic in all manner of business
and direct in his approach; transactions and takes a
David will assess your unique specific interest in Tourism
set of circumstances and and Hospitality matters. David
advise and guide you through takes a practical approach to
the many commercial and delivering the best possible
practical considerations strategic legal advice to clients
to ensure you reach your on all aspects of business
desired outcome. and commercial law matters.
07 3228 6112 07 3220 1144
davidb@hillhouse.com.au davida@hillhouse.com.au
Hillhouse Legal Partners will partner with you to deliver simply strategic, smarter legal solutions.
For experienced advice, contact our legal team today.
06 www.crebrokers.com | 1300 767 802
CARAVAN
PARKS
GOOGARRA BEACH CARAVAN PARK QLD Exclusive to
CRE Brokers
Holiday while Working in Paradise
Located on the Cassowary Coast on the outskirts Full kitchen facilities are contained within the cabins
of the Hull River National Park, the site is south of along with TVs.
Innisfail and Mission Beach with a scenic drive of half
an hour to Tully. The park is just one kilometre from There is a mini mart and take-way that operate 7
the beach and has access to great fishing. days, meals are available on request and fuel can be
purchased on site.
The Park consists of a total of 110 (plus) sites,
including 71 powered caravan sites, camping sites, The sale of this property presents a rare opportunity
17 long term and 13 fully self-contained cabins. to build a business and lifestyle in Tropical North
Queensland.
Extra facilities include, laundromat, swimming pool,
BBQ areas, meeting rooms, Licenced Restaurant With the Hull River and Tully River boat ramps right
and WiFi. In addition, it is a pet friendly park where nearby and just a short journey out to the Great
the entire family and friends can relax in a peaceful Barrier Reef, there is never a shortage of activities
and picturesque setting. All cabins are air- and experiences to offer up to those who stay within
conditioned and linen is provided. the park.
FINANCIALS BROKER
Turnover 2018/19 $1,100,000 (projected)
Turnover 2017/18 $1,080,265
Tom Noonan
0456 007 199
METHOD OF SALE
Freehold Going Concern $2,050,000
Business / Investment Property Guide | EDITION #14, JUNE 2019 07
LAKES MAIN CARAVAN PARK LAKES ENTRANCE VIC
The Hard Work has Been Done
■■ The park comprises 40 plus sites and has just had 5 ■■ Offering multiple income streams - annuals, BROKER
cabins installed (December). permanents and tourist, and offers a steady income all
Phil Mammolito
■■ The current owners have continually improved the year round, whilst peaking in the high season.
0438 371 094
park and have recently completed brand new roads, ■■ 13+ yield and needs to be inspected to appreciate the
kerbing and renovated the amenities block. hard work of the current vendors.
■■ Also featuring a stunning 2 bedroom manager’s ■■ Lakes Main Caravan Park affords you the opportunity
residence with air conditioning in every room, office/ to either operate the park yourself or you could put FINANCIALS
reception and very large private rear yard. under management with the return being shown.
Turnover 2017/18 $390,313
■■ The park is completely fire compliant, the current ■■ Sit back and reap the rewards or continue to further EBITDA $292,522
owners have upgraded all fire services, electrical develop this hidden gem in Lakes Entrance. METHOD OF SALE
wiring and plumbing. Freehold Going Concern $2,200,000
LICOLA GENERAL STORE & CARAVAN PARK VIC Exclusive to
CRE Brokers
Great Location and Peaceful Setting
■■ The picturesque village of Licola is located on the ■■ A two bedroom residence completes the package. BROKER
Macalister River in the renowned Alpine Region of This park caters for tourists, 4WD groups, fishing
■■
Phil Mammolito
Victoria and is very unique. The entire village is owned groups and is set in an idyllic location, offering
by the Lions Club and is “off grid” generating its own 0438 371 094
amazing views, with steady customers all year round,
electricity and pumping and treating its own water. from green season and winter.
■■ The caravan park features 10 powered sites, 16 tourist ■■ The opportunity presents multiple revenue streams.
sites, 2 bunk houses and 2 cabins with amenities
including a laundry. METHOD OF SALE
■■ The general store is licensed and an authorised postal Leasehold Business $325,000
community agent providing petrol & services to the
local community and tourists.
08 www.crebrokers.com | 1300 767 802
ROSENEATH CARAVAN PARK MEERLIEU VIC
An Excellent Lifestyle Park
■■ Located in the beautiful scenic Gippsland area on kitchen, new amenities block, 2 km of child friendly BROKER
the shore of Lake Wellington and set on 174 acres of swimming beach and boat ramp nearby at Holland
Phil Mammolito
peaceful bushland with 2km of sandy beach. Landing.
0438 371 094
■■ The park has an abundance of native wildlife. ■■ The park also has a large double brick residence of
■■ An opportunity to enjoy what you do in an area that 34 squares with 3 bedrooms plus machinery sheds
gives you great pleasure with fishing, boating, horse for plant and equipment.
riding, bush walking, wildlife and the best sunsets you ■■ This is an easy park to operate with minimal staff. FINANCIALS
have ever seen all at your own back door. Inspect with great confidence all the hard work has Turnover 2017/18 $184,483
■■ The park features a mix of 100 powered and been done. EBITDA 2017/18 $55,363
unpowered sites, large shaded sites, reception with
METHOD OF SALE
kiosk, alfresco area, sheltered barbeques, group
Freehold Going Concern $2,100,000
TAMBO PARK COTTAGES SWAN REACH VIC
Development, Caravan Park Opportunity or Lifestyle
■■ Set on 28 Acres of Rural Heaven - Home + 5 two on the internet in the last month, and still not on Expedia, BROKER
bedroom Cottages, Rewarding Business Opportunity, the vendors just relying on the repeat clientele they have
Huge Sheds & Rural Views. had for many years. Phil Mammolito
■■ Of the 28 acres part of the land is already zoned ■■ The land does meet the Princess Highway and with 0438 371 094
commercial, and part rural. council’s approval of installing a turning a lane with
■■ This is an opportunity for an operator to develop and Vicroads, you could make the access off the highway very
grow the infrastructure, or take the current business and appealing for a major development.
offerings to a brand new level. ■■ The 4 bedroom 2 bathroom managers residence with an METHOD OF SALE
■■ The five 2 bedrooms cottages are very well appointed adjoining office/reception & store room will impress any Freehold Going Concern $1,090,000
and very well maintained, all have brand new hot water family.
services, recently repainted and new septic system. All ■■ Located at the gateway to the Lakes and Wilderness
the hard work is done. district and boasting distant lake views, this expansive
■■ With the current vendors wishing to retire after 17 years, rural property is perfectly situated - brilliant access to two
the opportunity is real. The property has only just gone major roads.
Business / Investment Property Guide | EDITION #14, JUNE 2019 09
CARAVAN INDUSTRY ASSOCIATION OF AUSTRALIA NATIONAL CONFERENCE 2019
CRE Directors Kevin Connolly and Craig Clark, along with Peter Sagner, Business Broker for the Brisbane & SE Qld area,
attended the CIAA Conference this month, as one of the Sponsors, and had a Trade Exhibition Stand.
The National Conference is now in its 24th year and was held at The Star Hotel and Casino on the Gold Coast from May 15-17, 2019.
The 2019 Caravan Industry National Conference provided premier networking opportunities with industry colleagues, two full days of
presentations by leading speakers, provocative concurrent sessions, an interactive trade exhibition, a fantastic trade passport prize and
exciting evening social events to attend.
10 www.crebrokers.com | 1300 767 802NARROMINE TOURIST PARK NSW Exclusive to
CRE Brokers
Terrific Park with Highway Frontage
This terrific Park is ideally situated with frontage to An easy to operate Park, located 30 minutes from
the Mitchell Highway and adjoining the Narromine Dubbo on the main road between the East Coast
Aerodrome and Narromine Golf Club. and the West Coast.
The Airstrip is not a commercial airstrip and only A great base for visitors to explore the region and the
caters for light aircraft that do not affect the Park many attractions.
in any way. The Park itself is located back from the The Narromine Tourist Park is well presented and
Highway providing a quiet and relaxing home away maintained……ready for a new owner.
from home.
The Park also provides aviation supported
accommodation that welcomes many pilots and
HIGHLIGHTS
families that fly into the area. Guests to the Park
are provided with country hospitality, welcoming
■■ Room to install park cabin accommodation or
accommodation, large sites and amenities. long-term accommodation.Multiple income
streams.
The owners/managers residence is a large 4
bedroom, 2 bathroom country style home.
■■ Large powered sites to suit the largest of caravans
or motorhomes.
There is an excellent opportunity to increase the
number of sites, install cabin accommodation and
■■ Scope to increase sites.
long-term accommodation (stca). ■■ Excellent opportunities to improve income.
FINANCIALS BROKER BROKER
Turnover 2017/2018 $248,741
Net Profit 2017/2018 $149,813
Craig Clark Scott Taylor
0456 000 880 0456 000 299
METHOD OF SALE
Freehold Going Concern $980,000
Business / Investment Property Guide | EDITION #14, JUNE 2019 11DA APPROVED DEVELOPMENT SITE Proposed Safari Tent
SAFARI CARAVAN & MOTOR HOME PARK DUBBO NSW Exclusive to
CRE Brokers
Idyllically Located Next to Taronga Western Plains Zoo
This opportunity is rarely seen, with the Zoo next the Park that could potential provide to the
door, guests can spend their day exploring before accommodation needs of the Mine.
returning to their cabin, van or camp site and then
do it all again the following day, by either riding HIGHLIGHTS
their own bikes or hiring one from reception, ■■ 30 Acres (12.25ha)
walking or driving.
■■ Fully DA approved 106 site Caravan and Cabin Park
The Park owner had a vision to build the Park
■■ Existing land contours provide minimal earthworks required
as the ideal base for guests to call home while
exploring the Zoo and many other attractions that ■■ Zoning allows for tourist related development
Dubbo provides. ■■ Adjoining Taronga Western Plains Zoo
The design of the Park provides guests with a mix ■■ Full services available onsite – town water, sewer, power and fibre
of accommodation options that include cabins,
optic phone lines
safari ‘glamping’ tents that are all to be located
surrounding the existing dam to create a tranquil ■■ Corner site providing great visual exposure
billabong experience. ■■ Large existing dam caters for water feature and landscaping needs
Sites again are designed to meet the needs of the ■■ Considerable concessions made by Council concerning Section
guests with powered and unpowered sites, ensuite
94 Contributions
sites and large drive-thru sites. Facilities such as
a playground area, swimming pool, camp kitchen
■■ On completion of the development there is room for future
and bbq areas, along with amenities facility all expansion (stca)
ensure that the guests are well catered for.
Being a total of 30 acres the design also provides METHOD OF SALE BROKER
passive recreation areas and landscaping with Freehold – DA Scott Taylor
room for future growth (stca). Approved Caravan Park
Development Site 0456 000 299
The Park will also be the closest accommodation
provider to the Alkane Resources Mine Expressions of Interest
Closing 19 July 2019
Development, being approximately 20 km from
12 www.crebrokers.com | 1300 767 802FOSSICKERS TOURIST PARK NUNDLE NSW Exclusive to
CRE Brokers
Terrific Park with Highway Frontage
This terrific Tourist Park is located in the centre the Information Centre that is at the entrance to the Park,
Village of Nundle NSW. simply everything you need is within walking distance.
Situated on the banks of the Peel River and overlooking The Park is an idea base for those wishing to explore the
the paddocks and mountains surrounding the village, last working woollen mill in Australia, those looking to
that all add up to providing a relaxing and friendly wander the hills in search of gold and those wishing to
environment and it doesn’t take long to see why many visit surrounding towns such as Tamworth.
guests return year after year to this Park. Excellent reviews!!!
Providing guests with a range of accommodation HIGHLIGHTS
options from modern cabins to powered sites, a
■■ Low rent.
camp kitchen with an external open fire pit, modern
well-maintained amenities, tennis courts and a public ■■ Sale includes 12 cabins, residence, plant and
playground and swimming pool situated opposite the equipment.
Park entrance. ■■ Very well presented and maintained park and
The cabins are modern and very welcoming, well- facilities.
presented and maintained, providing a 3 styles for ■■ Opportunity for owner/operated to reduce
guests to choose from. management costs.
The Park is currently run under management. ■■ Further increase revenue with target marketing
From the Park, guests can walk to the local cafes, and packages.
hotel and grocery store and not to forget the Visitor ■■ Good size managers residence with private yard.
FINANCIALS
BROKER
Turnover 2017/2018 $453,325
Net Profit 2017/2018 $245,783 Scott Taylor
METHOD OF SALE 0456 000 299
Leasehold Business $1,300,000
Business / Investment Property Guide | EDITION #14, JUNE 2019 13Client Bulletin Feb 2019
Loan Conditions, Reviews and Refinancing.
It Doesn’t Need to be a Nightmare!
We have talked in the past about our view that we are moving into a tighter credit environment
in which bank lending guidelines will become stricter. We also talked about challenges existing
borrowers are having with annual business loan reviews and extended interest only periods. I
am less than delighted to announce that for once our predications have come to fruition. Daily
feedback from borrowers suggests that times are indeed becoming challenging both for new
borrowers and for existing operators.
To be frank some of the concerns raised with us are of the borrower’s own making and reflect a
lack of understanding of the terms and conditions of the loan. In many cases we have been able
to offer guidance around a better understanding of loan condition compliance and offer
borrowers a few helpful tips to manage their bank relationship better. For our own clients we
offer to manage the relationship on behalf of the borrower which can reduce the stress levels
somewhat. A problem shared is a problem halved so to speak.
Here’s what we know for sure. The majority of business loan borrowers are going to be
subjected to an annual review of their facilities. The borrower’s ongoing capacity to meet their
obligations and the value of the bank’s security are usually inextricably linked to the
performance of the business. As such it should come as no surprise that the bank will seek
copies of your most recent financial statements. By most recent we mean very recent, not your
tax returns lodged 12 months ago. This may well mean that you need your accountant to
prepare end of financial year financial statements even if you don’t intend to lodge your returns
for months. I hear people say what an impost this is. I say that if you have got to the end of the
financial year without preparing draft financial statements as part of pre June tax planning you
need to take a serious look at how you are managing your financial affairs. I suspect your lender
Mike Phipps. 0448 813 090 will take the same view. Nothing strikes fear into the heart of your bank manager like
mike@mikephippsfinance.com.au disorganised financial reporting and the possibility of ensuing dramas with tax planning
Paul Grant. 0448 417 754 and provisioning!
paul@mikephippsfinance.com.au
A word of caution on simply dropping your financial statements on your bank manager’s desk.
Cameron Wicking. 0477 776 859 Going concern businesses such as management rights and motels are bought, sold and valued
cameron@mikephippsfinance.com.au on adjusted net profits. Your tax returns will seek to minimise that profit as best and as legally
as you can. It’s important to ensure that your lender appreciates the difference and assesses
Client Manager your annual review in a balanced manner. Comparing an unadjusted set of financials designed
Geoff Baudinette. 07 5470 2194 to minimise your tax with the P and L you bought on and valued on can be a recipe for disaster
geoff@mikephippsfinance.com.au if not managed and presented appropriately. Again, we do this for our clients if they wish.
Operations Manager Your lender will almost certainly ask for some supporting information when conducting the
annual review. An up to date statement of assets and liabilities is a definite and in most cases so
Simone Cuthbertson. 07 5470 2194 is confirmation that all your tax obligations are up to date. We believe in getting on the front
simone@mikephippsfinance.com.au foot and also providing your bank with any good news stories that will assist in keeping the
lender in a state of happiness. If you have an agreement top up, lease extension, units coming
Head Office
into your letting pool, new accommodation contract or wonderful Trip Advisor reviews tell
4/31 Mary Street your lender.
NOOSAVILLE QLD 4566
Office. 07 5470 2194 And now, onto another challenge. It may be that your loan is not coming up for review but for
Fax. 07 5455 6626 expiry. This is a much more serious matter than the annual review of a loan and we have
www.mikephippsfinance.com.au previously written about the potential perils of short term finance. Some lenders, in order to
MIKE PHIPPS FINANCE ACL (364 314)
offer lower interest rates, make relatively short term funding commitments to their clients. The
Letter of Offer says loan term 3 years. Many borrowers wrongly assume this is the interest only
period and the loan will automatically roll on. Not so. If the loan term is 3 years then all bets are
off after that period. In essence you reapply for your loan and there is no obligation on the bank
to extend the loan term. It is imperative that you have your loan term expiry diarised and
fresh ideas... ensure you have all necessary information in front of your bank in time for them to reapprove
the loan, revalue the business and other security and issue a new Letter of Offer. These days
that’s no less than a month prior to the loan expiry date. If you miss the expiry date the bank
can, at its discretion, extend the loan term to give you time to get yourself organised but it’s not
a good look and best avoided.
14 www.crebrokers.com | 1300 767 802Client Bulletin Feb 2019 (Page 2)
Loan Conditions, Reviews and Refinancing.
It Doesn’t Need to be a Nightmare!
Regardless of loan review and/or expiry triggers more and more banks are taking the option
of revaluing security more regularly. Remember, your bank retains the right to revalue as
and when they see fit and it’s at your cost. Again, get on the front foot with an adjusted P
and L for sale purposes and some recent market sales evidence and potentially save
yourself thousands.
So, what’s the end game here? Frankly we make money when people borrow and use our
services. That includes refinancing so I guess we should be big fans of that strategy. Not
necessarily. All things being equal you have likely developed a relationship with your bank,
met your obligations and built trust and some rapport. There’s value in that relationship and
like a marriage it’s worth working at, even if there are occasional rocky patches from time to
time. However, when the time is right it’s certainly worth at least taking a look at the
competitive landscape to see what else is on offer and to ensure your lender is looking after
you. In my mind the time to do this is at annual review or loan expiry. Your bank will review
you and I think you have every right to review the bank. You have gone to the trouble of
preparing what amounts to a loan application (or we have done it for you) and in many cases
you have an up to date valuation. It takes little extra effort to use this data to see what other
lenders might offer and to compare your existing arrangements. At the very least you will be
equipped with some bargaining power and at the other extreme you will have options if Mike Phipps. 0448 813 090
your current lender drops the ball. Our end to end process manages all this for our clients mike@mikephippsfinance.com.au
fee free (shameless plug !)
Paul Grant. 0448 417 754
Right now, the single biggest motivator for people moving banks is the imposition of P and paul@mikephippsfinance.com.au
I loan repayments at the end of interest only periods. There are numerous reasons why Cameron Wicking. 0477 776 859
borrowers like interest only and just as many reasons why lenders don’t. We have developed cameron@mikephippsfinance.com.au
strategies for negotiating extended interest only terms or at least reducing the burden of full
Client Manager
P and I repayments and we are happy to share these with clients.
Geoff Baudinette. 07 5470 2194
geoff@mikephippsfinance.com.au
A word of warning. Debt service tests are becoming ever more stringent and the hurdle you
met 3 years ago may well be a leap too high in todays closely regulated financial Operations Manager
environment. If you are asking for interest only finance, you need to have a good reason. Simone Cuthbertson. 07 5470 2194
Preserving cash flow for good wine, fast cars and fun times resonates with me but will almost simone@mikephippsfinance.com.au
certainly leave your bank manager less than excited. There are any number of perfectly
good financial reasons to use interest only finance so best to use one of those instead. Office. 07 5470 2194
Fax. 07 5455 6626
Finally, and just to clarify because I know the managing director will ask. No, I don’t advocate www.mikephippsfinance.com.au
taking a look at the competition to see what’s on offer if your marriage is getting a bit rocky. MIKE PHIPPS FINANCE ACL (364 314)
In my case that could prove fatal!
Mike Phipps F Fin
Fresh
Director | Phippsfin Pty Ltd
ACN 139 124 673 Finance
Disclaimer:
Mike Phipps Finance is not a financial planner or
investment advisor. The contents of this
editorial reflect broad observations of
transactions for which the writer has been
mandated to negotiate finance. Potential
investors in management rights businesses
should conduct their own due diligence and
seek their own independent advice. Returns,
rates and equity numbers are for demonstration
purposes only. SMSF compliance is an area
requiring specialist advice and potential investors
should seek appropriate guidance from industry
professionals. TMC Pty Ltd is not an investment
advisor or licensed financial planner.
Business / Investment Property Guide | EDITION #14, JUNE 2019 15Management rights
and motel experts
EXPERIENCE COUNTS
We have the largest team of specialists in Queensland and New
South Wales, covering management rights and motel businesses.
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Hynes Legal are panel lawyers for the peak industry body: Australian Resident Accommodation Association ARAMA
16 www.crebrokers.com | 1300 767 802HOTELS
ALBERT HOTEL BENDIGO VIC Exclusive to
CRE Brokers
Iconic Premier Nightclub
■■ AKA Universal on McCrae, one of Bendigo’s largest ideas and marketing skills - the venue already has a BROKER
and most Iconic premier night clubs. consistent following week in and week out it just needs
Phil Mammolito
■■ Situated in the heart of Bendigo the Albert Hotel is set a passionate new owner to drive it.
0438 371 094
in the entertainment precinct. ■■ The Albert Hotel has four bars, a large outdoor beer
■■ Licensed for over 500 patrons. garden and an upstairs bar or function room.
■■ One of Bendigo’s three remaining venues that still ■■ The venue also has 7 rooms and an office upstairs.
possesses a 5am licence and also the last remaining
nightclub on the north-side of McCrae Street.
■■ This late night venue is a blank canvas for the next
operator that has a new vision to take this late night METHOD OF SALE
venue into 2020, someone with vision, capital, Leasehold Business - Expressions of Interest
DANCING DOG CAFÉ FOOTSCRAY VIC
Expressions of Interest
■■ The Dancing Dog is an institution in Footscray. ■■ The ground floor features a bar, 2 dining rooms and access to BROKER
a rear courtyard.
■■ Brand new 20 year lease direct from the owner, you will have Phil Mammolito
the opportunity to negotiate terms. ■■ Currently the first floor offers large function room, two toilets,
0438 371 094
bathroom and either 4 rooms of office space or a manager’s
■■ This grand old Edwardian building is well preserved externally residence.
and has been trading as a café/bar live music venue and
gallery for the past 17 years and offers an opportunity for ■■ The building still has many heritage features including open
someone with fresh ideas to make it their own. fire places, polished floorboards, leadlight windows and the
original staircase. The property also has on site car parking. METHOD OF SALE
■■ The vendor’s preferred tenant would be willing to invest in the Leasehold Business -
venue and capitalise on the future growth possibilities of the ■■ This is an excellent opportunity in one of Melbourne’s fastest Expressions of Interest
business and the area. growing inner city precincts.
■■ This magnificent venue is well proportioned and set over 2
levels plus it also offers a basement/cellar.
Business / Investment Property Guide | EDITION #14, JUNE 2019 17LIQUOR,
HOSPITALITY
& TOURISM
LEGAL EXPERTS
Restaurants, Pubs, Hotels, Motels and Caravan Parks
make up the Victorian Hospitality and Tourism Industry
With a long established reputation we Expert legal advice for sale and purchase
of: Hotels, Motels, Caravan Parks and all
will assist you with Freehold and Leasehold Licenced and Gaming Venues.
business purchase or sale Victoria wide.
› Attend to new liquor licences and gaming licences
and transfers. Hotels recently acted on behalf of:
› Auctions and Private sales of hotels and all other
licenced premises. Yarram Club Hotel
› Victoria wide assistance with: Sugarloaf Motel Broadford
› Auction or Private Sale Royal Hotel Seymour
› Gaming Licences and Transfers Little River Hotel Ensay
Royal Hotel Drouin
› Liquor Licences and Transfers (all Licence applications)
› Compliance advice
› Sale and Purchase with liquor licences including
due diligence and negotiation of contract terms
48 Albert Street, Warragul VIC 3820 | PO Box 1330, Warragul VIC 3820 | DX 82028 Warragul
p: (03) 5622 1366 f: (03) 5622 1515 e: miceal@micealambrose.com.au w: micealambrose.com.au
18 www.crebrokers.com | 1300 767 802ECHUCA HOTEL VIC
Regional Gaming Hotel Star
■■ Echuca Hotel is a refurbished two storey hotel that offers ■■ Centre of town location opposite the Historic Port of BROKER
ground level bar, bistro dining, sports bar / TAB and Echuca.
Kevin Connolly
gaming room with 30 gaming machines, outdoor dining ■■ Very consistent income & profitability.
areas and a beer garden. 0412 772 290
■■ The owners wish to retire after 12 years as owner
■■ The second level provides managers accommodation,
operators.
an office and accommodation rooms to sleep 24 guests. ■■ An inspection will impress.
■■ At the rear of the car park for 34 vehicles is a two
storey purpose built 12 room motel that overlooks the FINANCIALS METHOD OF SALE
Campaspe River. Turnover 2017/18 $4,272,486 Freehold & Business
■■ All on a large site of approximately 2672 m2 of as a Going Concern $11,000,000
Commercial 1 Zoned land.
GOLDEN SQUARE HOTEL BENDIGO VIC Exclusive to
CRE Brokers
Expressions of Interest
■■ An excellent opportunity to walk in to this recently HIGHLIGHTS BROKER
refurbished and very well appointed hotel and start
■■ Great location Phil Mammolito
trading.
■■ Fully refurbished 0438 371 094
■■ Recently vacated, the hotel has a busy highway
location as you enter this major regional centre. ■■ Brand new Lease
■■ Walk in and start trading
■■ The hotel features public bar, sports lounge, dining/
bistro, lounge, outdoor courtyard and onsite parking. METHOD OF SALE
■■ Offering a brand new lease to be negotiated with very Leasehold Business
approachable landlords that would like to see the Expressions of Interest – Offers Invited
hotel thrive.
Business / Investment Property Guide | EDITION #14, JUNE 2019 19ALBION HOTEL KYNETON VIC
Strong Town In Busy Tourist Region
■■ Located in part of the large tourist region of ■■ Main street location.
the Macedon Ranges which is fast becoming ■■ Located 1 hour from Melbourne.
a food lovers magnet.
■■ Extremely well renovated throughout.
■■ Boasting a public bar with open fire, BROKER
comfortable bistro, upstairs function room, Rohan Pertzel
rear beer garden / alfresco area, and a 4
0438 918 919
bedroom owner’s accommodation.
METHOD OF SALE
Leasehold Business $295,000
MCEVOY TAVERN, ELDORADO GENERAL STORE & POST OFFICE ELDORADO VIC
The Smallest Pub in Victoria
■■ An excellent business with multiple income streams. ■■ This is a great opportunity to own and operate “The
■■ A friendly, relaxed atmosphere with a quaint public smallest pub in Victoria”.
bar, dining/lounge/function area, a sheltered open ■■ Outstanding Buyers Yield of 50%.
beer garden and under veranda dining for the ■■ Only hotel in town, general store/post office in town.
overflow of diners. ■■ Main street location in busy tourist region.
■■ The property also includes an adjoining General ■■ Long Lease with 18 years remaining.
Store and Post Office which receives a steady flow
of local customers on a daily basis. METHOD OF SALE
■■ The building is of solid brick and has been well Leasehold Business $190,000 plus SAV
maintained.
■■ Separate spacious 3 bedroom residence located at BROKER
the side of the general store. Ian McDonald
■■ A well - established business that receives rewarding
returns from many locals as well as tourists from 0408 217 734
Wangaratta, Albury, Wodonga and Beechworth
regions.
Integrity.
Trust.
Honesty.
That’s what we’re about.
Dedicated to property
With experience dealing in a diverse range of transaction and
non-transaction based commercial advisory and property work,
we want to guide you through the activities that you undertake in
the marketplace to achieve that optimal outcome. We listen We respond We deliver
Contact us today on 07 3221 9149 spranklinlegal.com.au
20 www.crebrokers.com | 1300 767 802EXCHANGE HOTEL FOSTER VIC Exclusive to
CRE Brokers
Freehold Going Concern and Leasehold Available BROKER
■■ Originally called the Thornley Hotel, the Exchange ■■ Featuring full bar, Fox Sports, TAB, Keno, Games & Dave Harris
Hotel has been operating since 1871. After it was totally Entertainment, Bistro, Kids Play Room, Disabled Access
0404 027 185
demolished by fire in 1905, the Hotel was rebuilt from from Rear and a Take Away Bottle Shop.
shipped Western Australia Jarrah and re-opened on the ■■ With strong local support and consistent tourist numbers
20th of May 1907. to the area this Hotel ticks all the boxes for an Owner
■■ A prominent main street location and sits on a large operator to expand the business by reopening the large
2194.50m2 allotment of Commercial 1 Zoned land. bottle shop area or receive rental income. METHOD OF SALE
■■ Ideally situated, and is a regional centre for surrounding ■■ With a large consistent turnover this opportunity will not
Freehold Going Concern $2,300,000
townships, having a hospital and excellent schools. last so enquire today. Leasehold Business $425,000
■■ The only hotel in town and benefits from its South
Gippsland Highway traffic to Wilsons Prom and Phillip
Island.
ROYAL MAIL HOTEL WARRACKNABEAL VIC
Strong Regional Town
BROKER
■■ This large double storey hotel is situated in the main ■■ Capitalize on the huge tourism generated by the Silo
street of the town. Art Trail. Rohan Pertzel
■■ A comfortable public bar, bistro seating over 70 ■■ Tap into the towns sporting clubs and grasp the huge 0438 918 919
patrons, function room and excellent brand new beer demand for accommodation currently in this regional
garden. area.
■■ 8 accommodation rooms, commercial kitchen and a 5 ■■ Book your inspection now! BROKER
bedroom manager’s residence.
Phil Mammolito
■■ Strong consistent turnover, profitability and the METHOD OF SALE 0438 371 094
potential for continued growth. Freehold Going Concern $650,000
Business / Investment Property Guide | EDITION #14, JUNE 2019 21KOUMALA HOTEL QLD Exclusive to
CRE Brokers
Classic Queenslander Pub
■■ Located on the Bruce Highway, complete with a lounge, pool room, commercial kitchen, bistro, take BROKER
Pig’s @r$e in the Public Bar. away servery and 12 air conditioned rooms upstairs. Ronnie Slebos
■■ A one-pub-town, this pub services locals, travellers ■■ Named in the Courier Mail list of ‘Best Pubs in 0414 964 333
and workers with traditional pub hospitality Queensland’ for its genuine country charm.
including great counter meals, drinks, pizzas, take ■■ Mixed clientele from a wide range of industries
away liquor and the best banter that only genuine including cane farming and contracting, cattle
Queenslanders can deliver. The pub has benefitted grazing and hobby farmers, mining, coal trains, FINANCIALS
from considerable capital expenditure in the last 2 fishing & crabbing, tourists, retirees as well as Turnover 2018/2019 $1,200,000 (Approx)
years. people from other local businesses and nearby ROI 20% +
■■ It sits on about half an acre of land and features a townships of Sarina, Ilbilbie, Greenhill Beach and
public bar bristling with local history and artefacts, Carmilla. METHOD OF SALE
an under-cover beer garden, outdoor smokers’ Freehold Going Concern $1,150,000
ROBIN HOOD DROUIN WEST VIC Exclusive to
JUST SOLD!
CRE Brokers
Auction 26 June 2019 @ 1PM Onsite
■■ A rare opportunity exists to purchase one of ■■ Featuring a bar, bistro, shaded beer garden, BROKER
Victoria’s most Iconic hotels. bottleshop, milk bar general store and a 10 room Phil Mammolito
Built in 1870 and used as a Cobb and Co stop for motel. The building itself is of historical interest with
■■ 0438 371 094
travellers the Robin Hood Inn, is a grand hotel with a many features being preserved from its past.
unique history. ■■ Walk in and will feel the warm ambience and history
■■ This famous hotel is being offered to the market for envelop you. Both dining areas feature open fire
the first time in over 15 years. places adding warmth and atmosphere.
METHOD OF SALE
■■ Multiple streams of income and ready for new ■■ This is a fantastic opportunity to make this a real Freehold Going Concern by Auction
owners to take the hotel motel into 2020. This hotel destination within an hour of Melbourne CBD and
has everything you need to run a very successful catering for locals and tourists alike.
family business. ■■ Book your exclusive inspection today.
22 www.crebrokers.com | 1300 767 802MACKAY QLD
MANAGEMENT
RIGHTS
Management & Catering Rights Business
■■ This Management Rights Business in Total number of units: 39
Mackay ticks a lot of boxes that others don’t. Units in letting pool: 36
■■ It has a great manager’s unit featuring 3 big
bedrooms, ensuite and all with built-in robes,
METHOD OF SALE
large living areas, huge kitchen and balcony.
Management Rights
■■ All except two units are included in the
letting pool and in a complex such as this Manager’s Unit Price $300,000
one it’s very difficult to lose any units out of Business price $580,000
the pool.
(Net profit: $200,402)
■■ It can be easily operated by a couple.
Currently it is managed by one owner and a Total $880,000 BROKER
part-time staff which allows the owner some Ronnie Slebos
weekends and days off.
0414 964 333
WHITE CREST Exclusive to
LUXURY APARTMENTS HERVEY BAY QLD
CRE Brokers
Beachfront Management Rights
■■ A fantastic beachside property with 35 units ■■ 19 % ROI
of which 25 are in the letting pool. ■■ Currently run by one person
■■ With a great body corporate and committee, ■■ Body Corp salary $50,000
this property is a breeze to run and will be a
relaxed lifestyle for the new owner. METHOD OF SALE
■■ No set office hours.
Management Rights
■■ There is a lovely 3 bedroom residence
Manager’s Unit Price $400,000
attached to the office.
■■ Exceptional facilities, including a tennis
Business Price $1,250,000
court, heated pool and a games room. Total $1,650,000 BROKER
■■ Strong professional clientelle that return
Ronnie Slebos
repeatedly.
0414 964 333
ACCOUNTANTS AND BUSINESS ADVISORS
At McAdam Siemon our mission statement is simply one word: trust. Trust is the foundation on
which our business operates. Since 1996, McAdam Siemon has been entrusted to handle the
business advisory, taxation, accounting and financial goals for a wide range of clients.
Earning the long term trust of every client is critical to achieving the strategic goals of our firm.
We achieve our mission by:
• Working closely with our clients and listening carefully to their needs
MCADAM SIEMON AD MISSING
• Going beyond the call to deliver exceptional results
- tailored to our client’s needs
• Always providing proactive, prompt and professional service.
MANAGEMENT RIGHTS We provide personalised guidance on all aspects of purchasing your Management Rights including structures,
tax advice, borrowings and contracts. Upon entering a contract we can assist with a due diligence by preparing
As Specialist Business Advisors to the a Financial Verification Report, a review of all records and an evaluation of the results. After purchase we
provide a systematic approach to assisting you with the financial management of your business by providing
Accommodation Industry, we have accurate figures and management advice.
been advising clients for over 20
years in all aspects of the industry On sale of your business we manage the often complex preparation of the financial documents for sale
cycle from purchase to management purposes. Our specialised skills in this industry ensures both you and the potential purchases are fully informed
of all facets driving the success of the business. Services we provide:
and eventual sale. We service all of
QLD, NSW and Victoria • Verification Reports • Accounting • Taxation • Trust Account Audits
Sam Hodgetts CPA Peter O'Rielley FCPA
Brisbane Australia Wide Noosa Heads & Maroochydore
Sunshine Coast 07 3421 3421 07 5474 8955
shodgetts@mcadamsiemon.com.au
Gold Coast porielley@mcadamsiemon.com.au
www.mcadamsiemona.com.au
Business / Investment Property Guide | EDITION #14, JUNE 2019 23CRE BROKERS VICTORIA / SOUTH NEW SOUTH WALES
Our strengths are your results.
CRE Brokers are a team of professionals with 3 generations of specialist business experience.
Dedicated to the tourism and leisure sector and with offices in Victoria, Queensland, NSW and Tasmania,
our business and property agents and valuers are perfectly equipped to handle all your needs.
Victoria & South New South Wales Brokers
Kevin Connolly Phil Mammolito
Why use CRE?
DIRECTOR / BROKER DIRECTOR / BROKER
0412 772 290 0438 371 094
kevin@crebrokers.com phil@crebrokers.com
Phil moved into hospitality
Kevin is a licensed Estate business broking after a
Agent and Business Broker successful career owning At CRE we are focused on service, keeping both
in Victoria, NSW, Tasmania
and South Australia. Over
hotels, accommodation, vendors and buyers up to date on the status of
restaurants and service
many years Kevin has sold stations. After selling his either a sales progress or on an enquiry from
and leased a full range of
hospitality properties/
businesses he took the next
step into business brokering
a buyer. All of CRE Brokers have dedicated
businesses and remains very enthusiastic for the across Victoria. Phil has become a very successful administrative support. This is to ensure that
Industry. He is also a Certified Practising Valuer for business broker throughout metro and regional
Victoria. Phil then took up the director of Tasmania,
communication is timely and consistent and that
both freehold and businesses, specialising in the
valuation of hospitality properties and businesses. putting CRE Brokers on the map in Tasmania, whilst both Buyers and Vendors have a secondary
listing and settling many deals
person to contact - should you have a question
whilst our Brokers are on the
road, out of mobile range or
negotiating a sale. CRE Brokers
has been operating since 1982
and has a dedicated Valuation
department that is able to
provide educated and qualified
Dave Harris Lloyd Nunn Rohan Pretzel Dan McDonald Ian McDonald advice. Twenty five brokers along
VIC - MORNINGTON PENINSULA
0404 027 185
VIC – MELBOURNE CBD & VIC – SOUTH & SOUTH WEST NSW - ALBURY NSW – ALBURY
0408 217 734
the east coast / throughout
INNER SUBURBS
0438 918 919 0427 572 718
dave@crebrokers.com 0410 329 129
rohan@crebrokers.com dan@crebrokers.com ian@crebrokers.com Australia will be briefed on your
lloyd@crebrokers.com
Dave is a passionate www.barsalesmelbourne.com.au Ian has been in the property to accelerate the sale.
Located in Torquay, Rohan Dan has 15 years CRE Brokers has a database
and driven person Lloyd came to Australia from industry for over 40
the UK in 2006 looking for a services the Ballarat, of experience
who always strives
change. On arrival he could Geelong, Surf Coast in Hospitality
years, 26 years as of over 40,000 buyers across
to achieve a positive an owner-operator
outcome. Dave strives
not find a decent pint so and South West area. Management
in hotels and motels. Australia and Asia. Our Brokers
decided to buy a bar in the Growing up on a farm operations.
to form and build CBD to rectify the situation. near Timboon, he has Furthermore, he
He currently owns are experienced operators with
relationships that will a hotel which is run
After a couple of years, it extensive knowledge of has diverse and
under management
strong industry experience
provide a positive was time to sell the venue
extensive knowledge
environment. He has and he came across CRE
South West Victoria. He
giving him an insight - our sales exceeding $150
has successfully owned and skills across the
an extensive hospitality Brokers. They did a great
job and sold the venue and and managed various industry. Additionally,
into modern day hotel million in the last financial year.
background with 18 operations. Ian covers
years of experience
this lead to a discussion and hotels, restaurants and with a background
an area in excess of Our services include sales of
offer to work for CRE. His accommodation venues, in Program Management Rights, Motels,
which gives him a firm a 5-hour radius of
“patch” is the CBD and the recently selling the Jan Juc Management and
understanding of the inner suburbs. His specific Hotel after 10 years. Prior Human Resources,
Albury, which includes Hotels, Caravan Parks as well as
industry. This enables market of bars, clubs and North and North East
him to relate with many hotels are detailed in a
to hospitality, Rohan had a Dan is a people
Victoria, NSW Riverina, providing Marketing and Sales
strong background in sales person with attention
of the people he deals sister website to CRE at
and marketing working for to the finest detail
across to the S.A advice, Property and Business
with in a professional barsalesmelbourne.com. border and the Snowy
au where you’ll see there is large organisations for over to get the very best Mountains area.
Valuations and Appraisals for
manner. result for his clients.
plenty on offer. 15 years. Current Selling Price.
Stephen Lane
PROPERTY VALUER
0456 045 211
Stephen.lane@crebrokers.com
With a team of experienced
Stephen has more than thirteen
years of experience as a fully
qualified property valuer. His
agents, efficient administration
goal is to provide sound
property advice with a pragmatic
approach to dealing with clients
and strong hands on leadership
and stakeholders where he
completes valuations on hospitality, commercial
property for a wide variety of purposes and clients.
CRE Brokers offers a professional
Stephen has specific expertise as a hospitality property
valuer, has acted as an Expert Witness and is a
Specialist Retail Valuer.
and flexible service.
24 www.crebrokers.com | 1300 767 802QUEENSLAND / NEW SOUTH WALES
Our vision...
“To be the Leading Australian Business Broker by providing the
industry’s best service – matching quality businesses
with genuine buyers.”
Queensland Brokers
Craig Clark
DIRECTOR, QLD & NSW
0456 000 880
craig@crebrokers.com
As a Director of CRE Brokers, with over 20
years experience, Craig has vast industry
knowledge, as an owner operator of
accommodation and hospitality Mike Mallory Jim Prentice Peter Sagner
businesses to business sales. QLD/NSW office BRISBANE QLD BRISBANE QLD BRISBANE QLD
is where Craig works closely with the team to 0409 494 098 0412 984 684 0401 814 404
ensure vendors and purchasers are provided mikem@crebrokers.com jimp@crebrokers.com peter@crebrokers.com
with an unmatched service.
Mike has been in Jim has been involved Peter taught
Real Estate and in the Management Mathematics and
Management Rights Rights Industry since Physics across
1998. Queensland for
since 1996.
Previously Owner/ over twenty years.
He has a solid base Operator of two large Business operations
of clientele that has complexes for over 5 since leaving Public
entrusted him with years until obtaining Education include: Bulk
their most valuable his full Real Estate Freight Transport; Taxi
asset because of his License and moving Operator; Post Of ce;
attention to detail and into Management Caretaker/Property
his sense of duty. Rights sales in 2003. Manager Management
Jim has listed and Rights. Involved in
Due to these attributes
Ronnie Slebos Tom Noonan Mike Duffy sold hundreds Residential sales
CAIRNS QLD SUNSHINE COAST QLD his referral base is of complexes
CENTRAL QLD and graduating to
0456 007 199
continually growing establishing himself Management Rights
0414 964 333 0456 003 386
tom@crebrokers.com mike@crebrokers.com with further satis ed among the strongest sales since 2014, Peter
ronnie@crebrokers.com
clients. and longest serving is well trained and
Living on the After 20 years of Sales exclusively focused on
In 2006 Ronnie
purchased management Northern Beaches & Marketing in the New South Wales Brokers “The Vendor”.
rights in Teneriffe, Inner of Cairns, Tom has building industry, Mike
Brisbane where he single now more than 20 purchased a Motel
handedly managed the years experience in NSW in which he
complex for 7 years. in the Industry renovated, rebranded
After selling Ronnie from Management and turned into a
relocated to Agnes positions and successful business.
Waters, Central Coast Owner/ Operator of Mike then purchased
QLD. He appreciates that Management Rights, a Hotel in the Murray
property inspections need Motels and Hotels. River region.
Stephen Pursell Darren Leaney Scott Taylor
to be accompanied by Toms local knowledge Now based at the BYRON BAY NSW COFFS HARBOUR NSW NEWCASTLE NSW
the Broker, and because is extensive and he Coolum Beach Office 0456 565 353 0456 017 677 0456 000 299
Ronnie loves travel his has gathered many specialising in Hotel & stephen@crebrokers.com darren@crebrokers.com scott@crebrokers.com
service is second to none. contacts during his Motel sales.
long career. Having owned
Darren has owned Being based in
managed and
multiple award Newcastle gives
refurbished many
winning businesses Scott easy access
hotels in NSW, shows
CRE Brokers work diligently to provide first class that Stephen has
and is highly regarded
as a sales and
to Sydney and the
Central Coast.
enthusiasm and a
support from the early stages of listing, to negotiation genuine interest in the
marketing strategist. With over 20 years
Retail sales and experience operating
Hospitality Industry.
and settlement. In addition, CRE offer tourism & leisure Stephen brings
franchise manager large holiday parks,
for SMES and multi- Scott is still very
decades of Hotel
property management, buyer’s advocacy and full and Liquor Industry
million dollar brands passionate about
and start-ups. the hospitality
valuation services. CRE’s valuation team, headed by Kevin knowledge alongside
his passion for
Darren has extensive Industry.
accredited business His knowledge in
Connolly, specialises in tourism & leisure, commercial and hospitality businesses
to his sales. Stephen
quali cations, including relation to Local
the Property Council Government and
industrial property valuation. CRE offers sworn valuations, services NSW and
of Australia. Crown Reserve Land
SE QLD.
is extensive.
rental determinations, and feasibility studies.
Business / Investment Property Guide | EDITION #14, JUNE 2019 25You can also read
