Forbes, New South Wales

527ML - A Leasehold That Ticks All the Boxes!

SOLD

Business Description

  • Bed & Breakfast Motel with 16 well maintained 3.5 star units,
  • Consistent Turnover in the high $300k's,
  • High Repeat Trade,
  • Long Lease,
  • Located in strong town,
  • Picturesque setting,
  • Affordable Price - Strong Return,
  • It could be just the one you've been looking for,
  • Contact us now for further details.

Net profit $145,793 for 2015/16

Contact Peter McHugh and David Head from Tourism Brokers for further information or to arrange an inspection.

Property ID: 527ML (quote when enquiring)

Location: The township of Forbes, situated on the Newell Highway and on the banks of the Lachlan River in the heart of the rich Lachlan Valley, is fast becoming popular with those seeking a 'tree-change'; drawn to the region by economic benefit and lifestyle opportunities.

Services: Forbes' unique culture is a fusion of heritage past and modern lifestyle, with art and craft, art galleries, boutique shopping, concerts, distinctive local dining options, historical hotels and museums, a diversity of special interest groups, great schools, affordable real estate, plus an exciting local events calendar featuring annual festivals dedicated to jazz, camel racing, picnic racing, the bushranger Ben Hall, heritage conservation and more.

Forbes' historic town centre is home to a unique mix of boutique stores plus familiar brands and a department store. You'll also find all the major services including health, finance, hardware and automotive just to name a few. Forbes is gaining a reputation as a boutique shopping capital and with a distinctive range of quality locally owned stores it is easy to see why. Be tempted by a unique mix of locally owned boutiques plus familiar brands, department store shopping and all the major services.

Property Code: 2064

Business Summary

Marketing Agent
Peter McHugh
Peter McHugh

David Head
David Head

Key Investment Insights

1. Well-maintained 3.5 star Bed & Breakfast Motel with 16 units
2. Consistent turnover in the high $300k's
3. High repeat trade
4. Long lease in place
5. Located in a strong town with economic benefits and lifestyle opportunities
6. Picturesque setting
7. Affordable price with strong return
8. Potential for growth and development
9. Unique mix of boutique stores and familiar brands in the town center
10. Diverse range of special interest groups and local events
11. Unique fusion of heritage past and modern lifestyle
12. Great schools and affordable real estate in the area
13. Services including health, finance, hardware, and automotive readily available in town.
Listing location

This Business is sold

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Motels For Sale

You may also like

GREENHEAD CARAVAN PARK
High Net $144,737 Few Hours Simple Work - ID 8997
West End & Highgate Hill Business Only's - First in Best Dressed in 4101
Popular Tourist Town, Fully Renovated Freehold Hotel, Large Guest House  - 127HL
Fully Renovated Freehold Hotel with Large Guest House in Popular Tourist Town - 127HF
Only Supervisory Role, Salary High 400 K with Huge Income Upsize Potential - ID 8532
CAPTIVATING CAIRNS - TOP CHOICE SHORT-STAY MANAGEMENT RIGHTS WITH NET $462K+ | Resort Brokers ID : MR008459
Syndicate Investment Opportunity – Starting ROE 25% Targeting 35%
Very Affordable Management Rights Business plus Managers Apartment in fabulous Airlie Beach
ESTABLISHED BUSINESS ONLY COMPLEX IN 'THE GABBA' WITH SHORT-TERM LETTING OPTION! | Resort Brokers ID : MRB008446
HUGE 19% ROI - Substantial price reduction - Incredible investment - Blue chip location
Excellent 15% ROI, vibrant lifestyle, prime location, unlimited potential
Multiple Income Stream Freehold Going Concern in the Granite Belt | Resort Brokers ID : FH008398
Rare 5 Star Hotel | Offering Villa Howden Hotel
Gilligan’s Resort
Location! Simply! No Live-onsite Requirement!
Prime Investment: Busy motel on 1 acre near Yamba CBD | Resort Brokers ID : FH008458
BOUTIQUE SHORT-STAY MR IN PRIME SOUTH BRISBANE LOCATION | Resort Brokers ID : MRB008454