Glen Innes, New South Wales
AFFORDABLE FREEHOLD WITH UPSIDE - 566MF
FREEHOLD $1,350,000
Business Description
- 12 room Freehold all ground floor.
- Busy highway position.
- Under cover parking outside every room.
- 1.3 km to city centre.
- Land size 4,000 m2 plus - sufficient unused land for expansion (see previous DA STCA).
- All new hot water systems.
- 70 solar panels, expandable.
- Simplified business operation with upside.
- Potential upside from F&B, IT, reviews and marketing.
Family of three operated freehold motel business with upside opportunities for energetic or experienced operator. This tidy business can run with a team of three or a couple and one casual.
It’s a simple motel operation without pool, food, or alcohol, and includes extra land space onsite to add more units (see previous DA - STCA).
An excellent opportunity for the right owner. Currently showing 14% return.
Net Profit: $131,644 for 2023/24 (as provided by vendor)
Contact James from Tourism Brokers for further information or to arrange an inspection.
Property ID: 566MF (quote when enquiring)
Property Code: 4966
Business Summary
Key Investment Insights
1. Excellent location on a busy highway, providing high visibility and easy access for guests.
2. All ground floor rooms with under cover parking, making it convenient for guests.
3. Close proximity to the city centre, making it an attractive option for travelers.
4. Large land size with potential for expansion, providing a unique opportunity for growth.
5. Recent upgrades to hot water systems and installation of solar panels, reducing operational costs.
6. Simple business operation with potential for upside in areas such as food and beverage, IT, and marketing.
7. Family-operated business with potential for a team of three or a couple and one casual.
8. Extra land space onsite for potential expansion, as per previous DA.
9. Ideal for an energetic or experienced operator looking for a simple and profitable business.
10. Strong financial performance with a net profit of $131,644 projected for 2023/24.
11. Contact James from Tourism Brokers for further information or to arrange an inspection.
12. Property ID: 566MF (quote when enquiring).
13. Property Code: 4966.
