Gilgandra, New South Wales
Central West Freehold Motel with Huge 4 Bedroom Residence - 1P6156M
SOLD
Business Description
EXCLUSIVE TO CRE BROKERS. CRE Brokers are pleased to be appointed as the exclusive selling agents for the sale of Cooee Motel, Gilgandra NSW, as a Freehold Going Concern.
This is an outstanding quality 12 room Motel located in Gilgandra and only approx. 25 minutes from Dubbo, the heart of the central west. The Motel is conveniently located with high exposure to the Newell Highway and with easy vehicle access and off-street parking. This Motel offers the savvy buyer a high earning enterprise.
Revenue Growth: Achieve revenue growth in the coming years via items such as:
. increasing room tariffs (currently low comparative to direct competitors)
. Increasing occupancy (due to ill-health, the owners regularly close off rooms, selling only 5 or 6)
. increase regional tourism backed by Tourism NSW, mining activity, agriculture, rail a road workers, interstate travellers
Additional Accommodation Opportunity: With the land size approx. 2.1 hectares, the current owners had planned to add an additional 6 rooms (minimum) to the Motel supported by local government.
Business Summary
Key Investment Insights
1. Exclusive listing: The business is being sold exclusively through CRE Brokers, indicating a high level of trust and confidence in the agency's ability to sell the business.
2. Freehold Going Concern: The sale includes both the business and the property, providing the buyer with a secure investment opportunity.
3. High-quality motel: The Cooee Motel is described as being of outstanding quality, indicating a well-maintained and well-presented property.
4. Prime location: The motel is located in Gilgandra, a popular tourist destination in the central west of New South Wales. Its high exposure to the Newell Highway and easy vehicle access make it a convenient stop for travelers.
5. Revenue growth potential: The business has potential for revenue growth through various means, such as increasing room tariffs, occupancy rates, and targeting specific markets such as regional tourism, mining, agriculture, and interstate travelers.
6. Additional accommodation opportunity: The property has the potential for expansion, with plans for an additional 6 rooms already approved by the local government.
7. Strategic location: The motel is strategically located near major industries such as mining and agriculture, providing a steady stream of potential customers.
8. Established customer base: The business has an established customer base of regular guests, providing a stable source of income.
9. Low competition: The motel's low room tariffs and occupancy rates suggest that there is low competition in the area, providing a potential opportunity for the buyer to increase profits.
10. High earning potential: The Cooee Motel is described as a high-earning enterprise, indicating a strong financial performance and potential for a good return on investment.
