Glen Innes, New South Wales
POPULAR REGIONAL MOTEL LEASEHOLD - 1642ML
SOLD
Business Description
- 25 room motel in strong country town.
- All ground floor well-appointed rooms.
- Spacious parking including truck and bus.
- Well known Steakhouse Restaurant and Bar.
- Commercial kitchen suit chef or cook.
- Popular Motel regulars and repeat guests.
- Busy highway position strong signage.
- Long lease extendable and low rent.
- Reliable income and returns.
- Upside potential for new operator.
Net Profit: $237,993 for 2022/23
Contact Tony Neale from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1642ML (quote when enquiring)
Property Code: 4919
Business Summary
Key Investment Insights
1. Well-appointed rooms: The motel offers 25 ground floor rooms that are well-appointed, providing guests with a comfortable and convenient stay.
2. Spacious parking: The motel has ample parking space, including for trucks and buses, making it an ideal choice for travelers with large vehicles.
3. Steakhouse Restaurant and Bar: The well-known on-site restaurant and bar adds value to the motel, attracting guests and providing additional revenue streams.
4. Commercial kitchen: The motel has a fully equipped commercial kitchen, suitable for a chef or cook, allowing for the potential to expand the food and beverage offerings.
5. Regular and repeat guests: The motel has a loyal customer base, with regular and repeat guests, providing a steady stream of income.
6. Busy highway position: The motel is situated in a busy highway location, providing high visibility and easy access for travelers passing through the area.
7. Long lease and low rent: The motel has a long lease that is extendable, with low rent, providing stability and potential for growth for the new operator.
8. Reliable income and returns: The motel has a proven track record of generating reliable income and returns, making it an attractive investment opportunity.
9. Upside potential: There is potential for a new operator to further grow and improve the business, adding additional revenue streams and increasing profitability.
10. Net profit: The projected net profit for the 2022/23 financial year is $237,993, providing a strong return on investment for potential buyers.
