Euroa, Victoria
THE STATS SAT ON THE MAT, GOT RID OF THE CAT - 2276MF
SOLD
Business Description
Euroa. About a two hour drive from Melbourne and a laid back town off the Hume Highway. Urgency is not a word to describe Euroa.
Yet every night Castle Creek Motor Inn produces an occupancy in the order of 75% plus.
It’s in the rooms. They’ve all been made over. Both corporate and domestic tourist ready.
A flagship sitting on prime land - one piece already subdivided off and one ready to go.
With mainstream residential housing in the streets behind.
Castle Creek Motor Inn is a family run business. It’s educating two kids in the private system of Shepparton.
If a well performing family friendly freehold going concern is what you’re after, look no further.
Over six years Average Daily Rate has grown by 29%. Occupancy by 25% and monthly sales value by a whopping 62%. And a net profit crashing the ceiling.
Only took six years to be an overnight success!
Net Profit: $387,158 for 2022/23 (as provided by vendor accountant)
Contact Annette Adams and Reg Partington from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2276MF (quote when enquiring)
Property Code: 4903
Business Summary
Key Investment Insights
1. Located in Euroa, a laid back town off the Hume Highway, about a two hour drive from Melbourne.
2. The business, Castle Creek Motor Inn, has a consistent occupancy rate of 75% or higher.
3. All rooms have been recently renovated and are suitable for both corporate and domestic tourists.
4. The property includes a flagship building on prime land, with potential for further subdivision.
5. The surrounding area has a mix of residential and commercial properties.
6. The business is family run and has been successful in providing for the education of two children in the private school system.
7. Over the past six years, the Average Daily Rate has increased by 29%, occupancy by 25%, and monthly sales value by 62%.
8. The net profit for 2022/23 is estimated to be $387,158, as provided by the vendor's accountant.
9. Annette Adams and Reg Partington from Tourism Brokers are the contacts for further information or to arrange an inspection.
10. Property ID: 2276MF should be quoted when enquiring about the business.
11. Property Code: 4903 is also associated with the business.
