Hay, New South Wales
633ML - Outstanding Leasehold Property
SOLD
Business Description
A substantial turnover, improving after refurbishment has added value to this business.
Central location within the CBD of Hay this motel has it all.
A restaurant, currently used to cater for large groups, this motel has room to spare.
42 rooms offer a significant opportunity to cater for the bus trade.
Still plenty of room for improvement.
Easily operated by a couple with casual staff.
Net profit $178,119 expected for 2017/18
Contact David Head from Tourism Brokers for further information or to arrange an inspection.
Property ID: 633ML (quote when enquiring)
Location: A friendly rural community, Hay is situated on the picturesque Murrumbidgee River, about halfway between Sydney and Adelaide and just over 400 kms from Melbourne.
Hay is a progressive and proactive community with agriculture the main base of the economy but in recent years the community has embraced tourism. This diversification has created a range of employment and business opportunities in the private and government sector. The community's diversification into tourism has also seen new opportunities in the hospitality and retail sector. A number of new businesses have established themselves in Hay during the past few years, obviously realizing the potential of the region.
Hay Shire Council has welcomed a decision by New South Wales' Department of Planning and Environment approving the development of a major solar farm in the region. The $150 million Hay Sun Farm is to be constructed approximately 6 kms north-east of the township and an average of 100 full-time equivalent jobs will be created during construction and up to five full time positions during the operational stage of the project.
Property Code: 1516
Business Summary
Key Investment Insights
1. The motel has a substantial turnover and has shown improvement after a recent refurbishment.
2. Located in the central business district of Hay, the motel has a prime location.
3. The motel has a restaurant that is currently used to cater for large groups, providing an additional source of revenue.
4. With 42 rooms, the motel has the potential to cater for bus tours and groups.
5. There is still room for improvement, providing an opportunity for growth and increased profits.
6. The business can be easily operated by a couple with the help of casual staff.
7. The expected net profit for 2017/18 is $178,119.
8. The property is listed as ID 633ML and interested buyers should quote this when enquiring.
9. Hay is a friendly rural community with a diverse economy, including agriculture and tourism.
10. The community has seen recent growth and development, with new businesses and opportunities emerging.
11. The approval of a major solar farm in the region will create job opportunities and further economic growth.
12. The property is listed as Property Code 1516.
