Leasehold Motel In Iconic Goldfields Town
Location Australia
Asking Price Range $250K - $500K
Gross Revenues $850000
Net Profit / Cash Flow $150000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1978
Number of Employees 4 - 5
Inventory Yes
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training As required
Reason for Sale Downsizing
Description This immaculate motel is part of a well-respected national chain, is located in an historic gold producing town and is an ideal overnight stop for long distance travellers on a major inter-capital highway. The motel is also used as a base to explore the surrounding natural attractions which include waterfalls, bush walks, wildflowers, sight-seeing, wineries, fossicking, historic townships - just so much to do and see.
There are 23 comfortable ground floor units, and all rooms have HD digital flat-screen TVs and free wireless high-speed Internet access. The landlord is currently refurbishing units with six completed to date. There is a family outdoor area which includes outdoor heated pool, children's playground and undercover barbecue with seating and lawn. The property has ample parking for boats, trailers and coaches and has prominent highway exposure.
The Restaurant and Guests Bar serves an a la carte menu six nights a week (closed Sunday nights) and specialises in group functions and catering with a fine selection of local wines.
Turnover has been growing year on year with a healthy profit to the owners and a long lease at a fair market rent.
Asking $500,000
Contact Brett Bowden 0417 005 755
AUSTRALIAN BUSINESS SALES P/L
Click Here To Contact Seller
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