Broken Hill, New South Wales
2616MF - Huge Upside and Continued Business Growth Ahead
SOLD
Business Description
- Lifestyle and cashflow, this has it all.
- Guests part the car and walk to everything in the CBD and clubs.
- Recently Refurbished and Making Solid Money.
- The owners have done all the hard works and after extensive renovations and refurbishment works have recently been completed.
- 12 rooms, 4 studio apartments, a luxury kitchen and spa apartment, a family room and a luxury 2 bedroom apartment.
- Situated on the main street in Broken Hill, around the corner from the Tourist Information Centre and one block from the CBD.
- 1 bedroom residence with a one bed, lounge, ensuite with access to the main kitchen, reception, back office and food store. Could easily be converted with an adjoining self-contained motel unit with its own kitchenette to make a 2 bedroom unit with the installation of a door.
- All Laundry is done on site with a commercial laundry.
- Guests have access to a coin operated laundrette.
- Barbeque area for guests and easy walking access to the club on the next block the close CBD.
Net Profit: $237,573 for 2018-19; $274,516 estimated for the 2019-20
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2616MF (quote when enquiring)
Property Code: 3418
Business Summary
Key Investment Insights
1. Prime location in the CBD and close to clubs, offering convenience for guests.
2. Recently refurbished with extensive renovations and upgrades, making it a modern and attractive accommodation option.
3. Multiple room options including studio apartments, a luxury kitchen and spa apartment, a family room, and a luxury 2 bedroom apartment, catering to a diverse range of guests.
4. Located on the main street in Broken Hill, with easy access to the Tourist Information Centre and the CBD.
5. Potential to convert the 1 bedroom residence into a 2 bedroom unit, increasing the accommodation options.
6. On-site commercial laundry and access to a coin-operated laundrette for guests, providing convenience and cost-saving options.
7. Barbeque area for guests and close proximity to the club, offering additional amenities and entertainment options.
8. Strong financial performance with a net profit of $237,573 in 2018-19 and an estimated $274,516 for 2019-20.
9. Lifestyle and cash flow opportunities for potential buyers.
10. Potential for continued business growth with the thriving tourism industry in Broken Hill.
