Gunnedah, New South Wales
644ML - LEASEHOLD MOTEL RIGHT OUT OF THE TOP DRAWER!
SOLD
Business Description
- Boutique 4 Star Motel!
- Bed & Breakfast - no evening meals.
- Walking distance to restaurants and club.
- Absolute dream to operate.
- Solid Trading History.
- Recovering well from COVID-19 interruptions.
- Long lease and good rent ratio.
- Located in buoyant Commercial area.
- Don't miss it!
This 4 Star Leasehold Motel is right out of the top drawer! Built in 1998 it is a beautifully maintained Bed & Breakfast Motel offering 10 units, with a solid trading history, strong turnover, high occupancy and tariffs. It is one of the best Motels for sale available in the current market. Genuine Bed & Breakfast Motel sales opportunities are rare.
It is a comfortable walk to all the town's CBD facilities. The Gunnedah area has historically had a strong, diverse commercial base, with rural, business and mining activities prominent.
The ease of operation and the quality of this Motel, make it a must to inspect.
Net profit $114,947 for 2018/19 (being the last year prior to the impact of COVID-19) - Expect Stronger in 2021/22
Contact David Head from Tourism Brokers for further information or to arrange an inspection.
Property ID: 644ML (quote when enquiring)
Location: Gunnedah is the hub of one of Australia's richest agricultural regions - the Liverpool Plains in North West New South Wales - and is located on the Kamilaroi and Oxley Highways. Gunnedah has a great variety of shopping, dining and entertainment venues. Residents and visitors will appreciate the variety of great cuisine that the local restaurants, pubs, clubs and takeaway venues have to offer.
Gunnedah primary industries is an expanding, vibrant industrial and manufacturing sector, all utilising Gunnedah's prime location, abundant supply of underground water and high capacity transport infrastructure. Key industry for the shire includes agriculture (cropping and livestock), manufacturing and processing services including brick works, leather works, grain milling and coal mining. Gunnedah is also supported by a thriving commercial and retail service sector.
Property Code: 3164
Business Summary
Key Investment Insights
Key insights for this business for sale listing include:
1. Boutique 4 Star Motel: The motel is a boutique 4 star property, offering a high level of quality and service to guests.
2. Bed & Breakfast: The motel operates as a bed and breakfast, with no evening meals provided. This makes it an easy and manageable business to run.
3. Walking distance to restaurants and club: The motel is conveniently located within walking distance to restaurants and a club, providing guests with a variety of dining options.
4. Absolute dream to operate: The motel is described as an "absolute dream to operate", indicating that it is a well-managed and efficient business.
5. Solid trading history: The motel has a solid trading history, with strong turnover, high occupancy rates, and competitive tariffs.
6. Recovering well from COVID-19 interruptions: Despite the impact of COVID-19 on the hospitality industry, the motel has been able to recover well and is expected to have a stronger year in 2021/22.
7. Long lease and good rent ratio: The motel has a long lease and a good rent ratio, providing stability and financial security for the business.
8. Located in buoyant commercial area: The motel is situated in a buoyant commercial area, with a diverse range of industries and businesses supporting the local economy.
9. Don't miss it: The listing emphasizes the rare opportunity to purchase a genuine bed and breakfast motel, making it a highly sought-after business for sale.
10. Net profit of $114,947: The last financial year (prior to COVID-19) saw a net profit of $114,947, indicating the strong financial performance of the business.
11. Located in Gunnedah: Gunnedah is a thriving agricultural and industrial hub in North West New South Wales, with a variety of shopping, dining, and entertainment options for residents and visitors.
12. Supported by a thriving commercial and retail service sector: The motel is supported
