TAB FOR SALE

Innaloo TAB

$405,000 for 100%
2 Morris Road, Innaloo, WA
  • Location: The St George Hotel
  • Ownership: 50% or 100%
  • Income Ratio: On Application*
  • Annual Commission: On Application

OWNERS WANTS TO RETIRE

The Innaloo TAB is located within the Saint George Hotel (AHA award winner for the best sporting venue).  Inside the TAB, customers can utilise the adjacent sports bar area of the Hotel which has Foxtel showing a wide range of sporting events. This enables a mutually beneficial relationship between the 2 businesses with customers free to walk between the TAB, restaurant, main bar and the sports bar of the Hotel. Many customers enjoy the unique situation whereby they can relax with a meal and an alcoholic beverage whilst enjoying the TAB facilities.

The TAB is spacious with table seating for 15 and contains 4 self service and 6 information terminals. With this technology there is minimal demand for staffing and is currently operated by a single person with some help on a Saturday.

The agency operates under a long term TAB Agency Agreement, no leasing or inventory costs, minimal operating and outgoing costs ($4,000 per annum). The sale price includes an ATM agreement which generates a net profit of $9 – 10k per annum making the net income in the order of $178k.

There is potential revenue growth from new online trailing commissions and sales via customers personal devices located within the Hotel complex.

All training and support is provided by Racing and Wagering WA, however, the current owners are prepared to assist during a transition period.

Contact seller
*Based on gross commission minus GST for twelve months prior to listing date. Agency operational costs / casual wages not included.