Latest Hotel Gaming Machine Prices
28 June 10With the reduction of Poker Machine Tender Prices and increased competition in the marketplace, sound financial and management advice is paramount in ensuring you maximise your selling price for the hotel.
More and more people have been calculating the sale/purchase price based upon values of the gaming machine licenses, however this is all going to change back to the past whereby Hotels will need to need to calculate value up based upon existing figures.
Hotel valuers have confirmed that Hotel values will continue to be worked based upon Net Profit not Poker Machine Values.
Hotels with up to date financial statements and management accounts which measure growth and expansion plans will become more and more valuable and be in a better position to cope with Interest Rate issues and also any sale of business.
The approximate average price for the last round of hotel authorities is as follows:
Coast: 10 sold - $72,800
South East: 57 sold - $112,491
West: 0 sold - $0
You can see the Queensland Government's webpage of Operating Authority Tender Sales here, http://www.olgr.qld.gov.au/resources/index.php/registers/load/tender/.
Ensure your business is Healthy and can withstand Interest Rates and Valuation issues by seeking expert advice from leading Accountants, PJT Accountants & Business Advisors; specialists in the Hotel Industry.
Does your Hotel require a Health Check?
If so, you need to contact industry experts; PJT Accountants & Business Advisors today on (07) 5413 9300.
