Armidale, New South Wales
52ML - Big Leasehold Motel with Big Income!
SOLD
Business Description
- 40 units plus in house Restaurant.
- Long 30 year Lease.
- Growing Turnover.
- Owner will negotiate to sell.
- Strong repeat trade.
- Close to all City facilities.
- Strong New England City.
Net profit High $200k's expected for 2015/16
Contact David Head from Tourism Brokers for further information or to arrange an inspection.
Property ID: 52ML (quote when enquiring)
Location: Armidale NSW
Armidale, with its unique blend of culture, state of the art technology, educational diversity and natural beauty is a city offering everything worth living for. Armidale is situated half way between Sydney and Brisbane and only two hours from the coast, it enjoys a warm summer, tones of amber during the autumn, a crisp winter and an exhilarating spring. An attractive and graceful city of tree-lined streets where new world cosmopolitan and old world pastoralism coexist. It is the major centre of the Northern Tablelands with a population of over 25,000.
The New England region is renowned for its world class fine wool and beef production, and Armidale is home to at least 14 different Cattle Breed Societies. The region is also developing a reputation as a producer of high quality wines.
Armidale has long been known as an educational and cultural centre. It is home to the University of New England and several private boarding schools. The city and surrounds are graced with elegant cathedrals, churches and pastoral homesteads, historic monuments, heritage buildings and fascinating museums and galleries.
Property Code: 1932
Business Summary
Key Investment Insights
1. The motel has a strong and growing turnover, with a high net profit expected for 2015/16.
2. The owner is willing to negotiate the sale of the business.
3. The motel has 40 units and an in-house restaurant, providing a variety of accommodation and dining options for guests.
4. The long 30-year lease offers stability and potential for long-term growth.
5. The motel has a strong repeat trade, indicating satisfied customers and a good reputation.
6. Its location in a strong New England city provides a stable and growing market for the business.
7. Armidale is a desirable location, with a unique blend of culture, technology, education, and natural beauty.
8. The region is renowned for its fine wool and beef production, as well as its developing reputation for high-quality wines.
9. Armidale is home to the University of New England and several private boarding schools, providing a steady stream of potential customers.
10. The city and surrounding areas offer a range of cultural and historical attractions, making it an attractive destination for tourists.
