For Sale $7 m - Business for sale
The Tom Price is the only hotel located in the iron ore town of Tom Price. This where Rio Tintos best Iron ore is.
The 85 room hotel also has a drive through bottle shop, public and lounge bars. The hotel has a $7m plus gross income for 2019(est) and is set to increase its EBITDA profit to approx $1.75m. In 2018 the EBITDA net profit was $1.2m
The hotel is completely under management and has the same ownership for some 15 years.
The asking price of $6.5m includes 2 house’s for staff in the town.
please contact Radar Luttrell for further information