Coffs Harbour, New South Wales
EXCELLENT FHGC MOTEL IN MAJOR NORTH COAST REGIONAL CITY
SOLD
Business Description
AN EXCELLENT OPPORTUNITY to buy a rare Freehold Going Concern Motel in a sought-after North Coast regional city midway between Brisbane and Sydney. With direct highway exposure in the centre of town, only walking distance to restaurants and shopping and a short trip to beaches this is a popular motel with both business travellers and holiday makers.
Comprising of 17 clean neat and spacious units of various configurations, the current owners have continually updated their facilities to ensure all the rooms are comfortable for guests. The managers residence is a generous 2 bedroom open plan unit but there is potential to convert the 3 bedroom balcony apartment upstairs to utilize as a managers residence if required.
Currently run under management this is the perfect opportunity for a new owner to operate the motel themselves, grow the business sell off a lease and take passive income or continue to run under management.
The current owner is keen to move on as he has other projects underway. Don’t miss this opportunity to buy a great freehold business in an idyllic coastal city.
Business Summary
Key Investment Insights
1. Rare opportunity: The business for sale is a rare opportunity to purchase a Freehold Going Concern Motel in a sought-after North Coast regional city. This type of opportunity is not often available in the market.
2. Prime location: The motel is located in a major North Coast regional city, which is a popular tourist destination. It is situated in the centre of town with direct highway exposure and is within walking distance to restaurants and shopping. It is also a short distance from beaches, making it an ideal location for both business travellers and holiday makers.
3. Well-maintained facilities: The current owners have continually updated and maintained the facilities to ensure all 17 units are clean, neat, and spacious for guests. This is a key factor in attracting and retaining customers.
4. Flexible accommodation options: The motel offers various configurations of units to cater to different types of guests. This includes single, double, and family rooms, providing flexibility for guests with different needs.
5. Potential for growth: The current owners have been running the motel under management, leaving room for a new owner to take over and potentially increase profits by operating the business themselves. There is also potential to sell off a lease or convert the 3 bedroom balcony apartment into a manager's residence.
6. Motivated seller: The current owner is keen to move on as they have other projects underway. This presents an opportunity for a motivated buyer to negotiate a good deal and take over a successful business.
7. Ideal lifestyle: The business offers an ideal lifestyle for the new owner, with the potential to live on-site in the manager's residence or the 3 bedroom balcony apartment. This allows for a good work-life balance and the opportunity to enjoy the idyllic coastal city.
8. Strong market demand: The North Coast regional city is a popular tourist destination, with a high demand for accommodation. This provides a stable customer base for the motel and potential for growth in the future.
9. Established business: The motel
