Bairnsdale, Victoria
72% OCCUPANCY IN THE EAST GIPPSLAND "CAPITAL" - 2567ML
SOLD
Business Description
- 20 well presented and bright rooms
- Right in the middle of the town
- Dual access points
- Leasehold Motel
This motel is currently marketing to the budget conscious traveller, in a town well known for its high corporate visitation. It's sales figures put it in regional Victoria's higher band return that starts with sales above $20,000 per room per year.
It has the potential to join the town's high-flying accommodation standard with the resulting growth in nightly tariff, and with limited effect on what is an excellent occupancy.
Net Profit: $270,649 for 2021/22
Contact Annette Adams and Reg Partington from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2567ML (quote when enquiring)
Location: Bairnsdale is situated along the banks of the magnificent Mitchell River, 285 kms east of Melbourne on the Princes Highway. It still retains the quiet country pace and fresh air that you don't get in a bigger city. On the banks of the Mitchell River, Bairnsdale manages to retain a unique atmosphere as the commercial and administrative hub of the region. Not quite city, not quite country. Close to the lakes, rivers, mountains and forests, Bairnsdale is the perfect destination for year-round enjoyment. Blessed with pleasant, wide streets and award-winning gardens, it's a relaxed place where visitors are shown old time country friendliness and courtesy. Boasting a full range of modern facilities, major city shopping and a great variety of accommodation and eating houses, Bairnsdale is an ideal base. The key industries prosper by using the region's natural strengths to their advantage: Timber, Agriculture, Horticulture, Fishing, Manufacturing and Tourism. In each of the key industries, opportunities exist for new or relocating businesses.
Property Code: 3099
Business Summary
Key Investment Insights
Key insights for this business for sale listing include:
1. 72% occupancy rate: This motel has a high occupancy rate, indicating a strong demand for accommodation in the area.
2. Located in the East Gippsland "capital": The motel is situated in the heart of the town, making it easily accessible to visitors and close to amenities and attractions.
3. Dual access points: The motel has two entry points, providing convenience for guests and potential for increased foot traffic.
4. Leasehold: This is a leasehold motel, meaning the purchaser will take over the existing lease agreement rather than owning the property outright.
5. Targeting budget-conscious travelers: The motel currently caters to budget-conscious travelers, but has the potential to upgrade and attract higher-paying guests.
6. High corporate visitation: The town is known for its high corporate visitation, providing a steady stream of potential guests for the motel.
7. Strong sales figures: The motel's sales figures place it in the higher band of regional Victoria, with sales above $20,000 per room per year.
8. Potential for growth in nightly tariff: With potential for upgrades and improvements, the motel has the opportunity to increase its nightly tariff and generate higher profits.
9. Excellent occupancy: Despite targeting budget-conscious travelers, the motel maintains a strong occupancy rate, indicating a stable and successful business.
10. Net profit of $270,649 for 2021/22: The motel has a strong net profit, providing a solid return on investment for potential buyers.
11. Located in Bairnsdale: The motel is situated in the town of Bairnsdale, which offers a unique atmosphere and a range of modern facilities, making it an ideal base for visitors.
12. Diverse industries in the area: The town's key industries, including timber, agriculture, horticulture, fishing, manufacturing, and tourism, provide opportunities for potential business growth and development.
13. Award-winning gardens: Bairnsdale boasts
