Daylesford, Victoria

CAPITALISE ON DAYLESFORD’S TIMELESS TOURIST APPEAL WITH THIS HISTORIC MOTEL | Resort Brokers ID : LH008291

$1,750,000

Business Description

Central Springs Inn is a beautifully maintained, historic 26-room motel any operator would be proud to call their own. Daylesford is Australia’s premier spa destination with a pedigree spanning more than 170 years.

Set across two 150-year-old buildings, this welcoming hotel exudes heritage and tradition. The business recorded a net profit for FY23 of $518,690, and is currently tracking to match that for FY24.

Central Springs Inn is a true turnkey opportunity. The existing setup promises a steady income from day one with no capex required.

With 29 years remaining on a 30-year lease that commenced in April 2023, the business is underpinned by excellent security of tenure.

Ease of operation is a main drawcard for this business. The motel is currently operated remotely with contactless check-in. Should the buyer wish to operate the motel onsite, there is the convenience of a well-appointed, two-bedroom manager’s cottage.

- Beautifully maintained, historic 26-room motel in tourist mainstay of Daylesford
- Located 1.5 hours’ drive from Melbourne in Australia’s premier spa destination
- Long-term lease with 29 years remaining
- Operational flexibility: motel can be run remotely or onsite
- Strong net profit of more than $500K from trading income of over $1M
- 35-person conference room attracts business trade
- Two-bedroom manager’s residence can be rented out or occupied by operator
- Significant growth potential to drive occupancy and boost revenue
- Inspection by appointment only
Date updated: 09 Jun 2024 23:00:17

Business Summary

Business Snapshot

Price: $1,750,000 Net Profit: $518,690
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