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
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.