Bairnsdale, Victoria
SMALL BUT PROFITABLE MOTEL, EASY TO OPERATE
SOLD
Business Description
Income Details: On Enquiry
Sale Price: Negotiable
After six rewarding years the current owners of this well presented 12 unit motel are providing an opportunity especially for a first time entrant to enter the motel industry at an affordable level and be immediately rewarded for their investment. The motel is centrrally located and has strong visitation from the corporate and trade sector with tourists and travellers constantly visiting the region for the organised calendar of sporting events field events and festivals to ensure consistent and repeat patronage of this smaller but easily manageable motel.
MOTEL DESCRIPTION
This single storey well-presented motel attracts the budget conscious traveller by providing quality accommodation with competitive pricing. There are 12 ground floor units comprising 7 Queen Rooms, 1 x 2 bedroom Self-Contained Family Unit, 1x 2 Bedroom Family Unit, and 3 Twin/ Small Family Units offering an affordable choice of room styles. This consistent income motel also comes with a 2 bedroom, 1 bathroom residence plus living area that adjoins the motel office entrance with a large double garage for personal use .The bar b cue area with lawn and pergola provides recreational options for patrons in easily maintained grounds.
Key features of this quality motel include
• Well-established business now averaging $26,000 per room annually. Exceptional income for a budget accommodation
• Room occupancy averaging between 75-80%
• Main road exposure in quiet street close to CBD
• Low maintenance grounds
• Low operational costs
• 22 year lease remaining with less than industry-based rental
• Loyal and repeat corporate, trades, traveller and tourist guests
• Online presence with profiles on Booking.com, Expedia, The Hotel Network AND East Gippsland Visitor Centre
• Fully functional website with online RMS booking and enquiry system
• Motel units of brick construction with tiled roof whilst crushed rock parking bay and sealed concrete driveway fully compliment this attractively presented motel
• Onsite laundry
• Linen, bedding and motel rooms and plant all presented to a high standard with nothing to spend
• All rooms have access to Foxtel, Wi-Fi etc.
• Minimal breakfast income but business would benefit if breakfast menu promoted
• Reduced business asking price represents excellent buying opportunity
This profitable business will suit a couple requiring secure income at an affordable entry level.
Bank Finance for suitable applicant would be available.
For more information including documented financials please contact Chris Keeshan as detailed.
Business Summary
Key Investment Insights
1. Affordable entry level opportunity for first time entrants to the motel industry.
2. Strong visitation from corporate and trade sector with consistent and repeat patronage.
3. 12 ground floor units with a variety of room styles to cater to different budgets.
4. Consistent annual income averaging $26,000 per room.
5. High room occupancy rate of 75-80%.
6. Main road exposure in a quiet street close to CBD.
7. Low maintenance grounds and operational costs.
8. Long lease with below industry-based rental.
9. Loyal and repeat guests from corporate, trade, traveler, and tourist sectors.
10. Online presence on popular booking platforms and a functional website with online booking system.
11. Attractively presented motel with brick construction, tiled roof, and well-maintained parking and driveway.
12. Onsite laundry and high-quality linen and bedding.
13. All rooms equipped with Foxtel and Wi-Fi.
14. Potential for increased income through promoting breakfast menu.
15. Bank finance available for suitable applicants.
