The one and only Collie Hotel is being sold by owner-operators, offering a big, booming regional watering hole with blue sky and no competition.
Occupying a generous 4,295sqm site on the edge of the busy Oxley Highway through town, the Collie is a single-story brick structure with public bar, restaurant, and large beer gardens front and rear with a kids’ playground and access to tennis courts. It holds a 24-hour licence.
Separate on the lot is a set of four newly renovated and very popular country-style rooms sleeping up to 14 guests, plus a manager’s residence with three well-sized rooms and large living areas.
The popular pub boasts a strong reputation and social media presence, and operates a large merchandise outlet, complementing ongoing events it hosts, including car shows, live music and rodeos. Additional guests are often allowed ‘free camping’ in the large carparks and connected land.
Tom Hancock and Emily Taylor bought the Collie in 2016 when they were in their mid-20s, possessing no previous pub experience, and operated it while living in the manager’s residence.
What they had planned to be a five to six-year adventure became “an emotional attachment” lasting eight years. In that time they have groomed a fully equipped managerial team, who are happy to stay on, including a sponsored chef – prized in regional hotels – on a four-year deal, with his partner, who also works at the pub.
The chef and other workers now occupy the manager’s residence.
Hancock and Taylor have also produced a new young family, and have opted to sell up to facilitate a change of lifestyle, as they move to a farm with the kids.
“I am personally from this area, and I know the pub and managerial team and they go above and beyond, are reliable and very enthusiastic staff, which suits the pub’s character,” offers Hugo Weston of Savills Hotels, marketing the asset.
Collie is around 80 kilometres north-west of Dubbo, about six hours’ drive from Sydney. It will soon welcome a new wind farm and Inland Rail, generating ongoing clientele.
As the only pub in a town surrounded by sprawling cotton farms and cattle stations and traversed by long-haul trucks and holiday traffic, it enjoys consistent year-round patronage by travellers, farm workers and contractors.
It is also the township of Collie’s primary destination for food, beverages, accommodation and events.
The small accommodation boasts near full occupancy year-round, particularly on weekends and during events, and the business stands to benefit from the construction of further rooms on underutilised land.
In 2023 the Hotel reported approximately $1.8 million in turnover, producing net profit of 28 per cent. Revenue to date for 2024 has clocked $1.72 million. The EBITDA represents a 30 per cent yield on what are expected to be offers north of $1.7 million.
“This adds to the rare opportunity for a fortune buyer to acquire this well-established business, with it’s consistent year-on-year growth, and take advantage of the future development upside,” adds Weston.
“The growth, paired with the planned infrastructure developments in the area, positions this asset as an exceptional investment with significant potential for further expansion.”
The freehold going concern of the Collie Hotel is being sold by way of Private Treaty.
