Cobar, New South Wales
2536ML - HUGE RENT RELIEF OPTION & LONG-TERM ACCOMMODATION CONTRACT SUBMISSION! WHAT MORE DO YOU WANT?
SOLD
Business Description
- $120,000 Rent Relief up front or $12,000 p.a for 10 years!
- That's $1,000 per month for 10 years.
- Current submission in for a two year contract for a minimum of 10 rooms.
- It's an option too good to miss.
- Combine it with the current Trading performance and you are on a winner.
- It's a modern 36 unit, ground floor motel with a 4 star rating.
- Consistently trading with Accommodation at 85% to 90% of turnover.
- Recovering strongly from the two COVID interruptions.
- Turnover in 2020/21 of $1.44M.
- Adjacent to Bowls Club - no evening meals.
- A genuine money earner that has just got better.
- Contact us now for further details.
Net Profit: $452,938 for 2020/21
Contact David Head from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2536ML (quote when enquiring)
Location: Cobar Shire is located in the Orana Region of central northern New South Wales, about 700 kms north-west of Sydney and 650 kms north of Canberra. It is on the crossroads of two major highways - the Kidman Way linking Melbourne to Brisbane and the Barrier Highway linking Sydney to Adelaide via Broken Hill. The Shire's prosperity is built around the thriving mining - copper, lead, silver, zinc, gold - and pastoral industries, which are strongly supported by a wide range of attractions and activities, that make it a major tourist destination. Cobar is a bustling and prosperous town with a strong mining history. Cobar boasts a strong and reliable workforce which has a wide range of skills, particularly in mining and supporting industries, trades, retail and agriculture. A good supply of general labour is available to meet the needs of new and expanding businesses.
Property Code: 3263
Business Summary
Key Investment Insights
1. Huge rent relief option of $120,000 upfront or $12,000 per year for 10 years.
2. Current submission for a two-year contract for a minimum of 10 rooms.
3. Modern 36-unit, ground floor motel with a 4-star rating.
4. Consistently trading with accommodation at 85% to 90% of turnover.
5. Recovering strongly from two COVID interruptions.
6. Turnover of $1.44 million in 2020/21.
7. Adjacent to a Bowls Club with no evening meals.
8. A genuine money earner that has just gotten better.
9. Located in the thriving mining and pastoral industries of Cobar Shire.
10. Strong and reliable workforce with a wide range of skills.
11. Good supply of general labor available.
12. Contact David Head from Tourism Brokers for further information or to arrange an inspection.
13. Property ID: 2536ML (quote when enquiring).
14. Location on major highways and a major tourist destination.
15. Property Code: 3263.
