51 Chapel Street, Cowes, Victoria

Coachman Motel & Holiday Units - 1P5831

Leasehold $1,500,000

Business Description

CRE Brokers are pleased to offer for private sale the motel business of Coachman Motel and Holiday Units in Cowes on Phillip Island.

The motel is currently owner operated and the owners wish to sell the business and retain the freehold. The business will be secured by a new 25 year lease direct from the owner operator at a very reasonable rent.

This profitable motel business is located within minutes' walk to the Cowes village shops, pub, restaurants and the beach.

Phillip Island is a major holiday destination in Victoria underpinned by the Australian Motorcycle Grand Prix, Penguin Parade, surfing and boating.

The motel offers various accommodation rooms from motel style to self-contained units and had a Gross turnover excluding GST in the financial year ending June 2023 of over $800,000.

Business Summary

Other Features / Notes

A:LEASEHOLD, B:MOTEL, C:VIC - Gippsland
Marketing Agent
Kevin Connolly
Kevin Connolly

Key Investment Insights

1. Profitable motel business located in a popular holiday destination on Phillip Island.
2. Owner operated with potential for growth and expansion.
3. New 25 year lease available at a reasonable rent.
4. Multiple accommodation options including motel-style rooms and self-contained units.
5. Prime location within walking distance to Cowes village shops, pub, restaurants, and beach.
6. Strong tourism industry on Phillip Island with major events and attractions.
7. Gross turnover of over $800,000 in the financial year ending June 2023.
8. Opportunity for new owner to increase revenue through marketing and promotions.
9. Potential for additional income through offering tour packages and services.
10. Well-maintained property with potential for further improvements.
11. Established reputation and loyal customer base.
12. Easy to manage business with potential for hands-on or semi-absentee ownership.
13. Leasehold sale with option for the buyer to also purchase the freehold.
14. Located in a highly sought-after area for both tourists and locals.
15. Strong potential for growth and expansion in the thriving tourism industry.
Listing location

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