Coonamble, New South Wales
FREEHOLD GOING CONCERN MOTEL $1,200,00. YIELDING 21.4%. INLAND RAIL CONSTRUCTION TO COMMENCE.
SOLD
Business Description
* Freehold going concern. Potential yield of 21.4%
* 2020- 2021 Covid free T/O $371K Adjusted Profit $257,832
* 2022 - 2023 Covid free T/O $393K Projected profit $255,450
* 20 unit Bed and breakfast motel
* In excess of $250,000 spent on renovations since July 2016
* Under management. Manager willing to stay on.
* All bathrooms have been retiled.
* New 10kw solar system
* electronic key system - allows remote monitoring.
* INLAND RAIL CONSTRUCTION in the Coonamble district about to commence.
* Yearly Profit may increase in excess of $150,000 during the rail construction in the district.
Business Summary
Key Investment Insights
1. Freehold going concern with potential yield of 21.4%.
2. Strong financial performance despite COVID-19 pandemic, with projected profits increasing in the next two years.
3. 20 unit bed and breakfast motel with potential for growth.
4. Significant investment in renovations since 2016, indicating a well-maintained and modern property.
5. Under management with a willing manager to stay on, providing a smooth transition for new owners.
6. Recent upgrades to bathrooms and installation of a new solar system, indicating a commitment to sustainability and modern amenities.
7. Located in a district where INLAND RAIL CONSTRUCTION is about to commence, providing potential for increased profits during this period.
8. Potential for yearly profits to increase by over $150,000 during the rail construction period.
9. Diversified income stream from both accommodation and potential for increased business during the rail construction period.
10. Strong potential for long-term growth and profitability, making it a valuable investment opportunity.
