Retiring owner-operators have listed the Pit Pony Tavern and associated businesses in Collinsville, primed to capitalise on activity in the area.
The Pit Pony is the only pub in Collinsville, on a 2,935sqm lot in the heart of town. It provides a classic public bar, lounge bar, bistro, gaming with TAB, KENO and 10 coastal gaming licences, an outdoor area and a bottleshop.
At the rear are 12 accommodation units, with another 16 self-contained units a short walk from the Tavern. The business also holds the nearby Collinsville Motel, comprising a further 25 motel rooms.
Since 2014 the Pony collection has been the dominion of Nigel and Janet Lobegeier, who are now eyeing retirement and eager to pass the reins.
They have established systems at the businesses and a full team including management, making it suited to any incoming operator and well placed to grow through the addition of new attractions.
The business reports a strong mix of revenues, generating $1.9 million in turnover in the first six months of FY24.
Collinsville is found roughly halfway between Townsville and Mackay, and a convenient drive to the beaches and bays of Bowen.
There are significant projects taking place in the region, notably including the Abbot Point State Development Area (SDA), and Abbot Point Clean Energy Hub, slated to provide 1,200 jobs during construction and 250 positions once in operation. And construction on the orbital launch facility is well underway.
On offer is the freehold going concern of the Tavern and apartments, and the leasehold of Collinsville Motel, in a campaign through Tourism Brokers’ Michael Philpott.
Asking price on the Pit Pony is $3 million, or $3.5 million with the apartments, and $450k for the Motel lease.
The collection reports consistent growth through targeting repeat business, while opportunity is manifesting on its doorstep.
“The real upside is what is happening at Collinsville and the final approvals that the government are finally processing,” offers Philpott.
“This is huge for the area and creates a lot of jobs.”