Hay, New South Wales
LEASEHOLD MOTEL - 633ML
LEASEHOLD $525,000
Business Description
- Centrally located in the CBD of Hay and currently operating as an accommodation only, the motel has a lot to offer with a substantial street frontage restaurant not currently in operation and could easily be used or subleased.
- Part of the main CBD 4 minute walk from Cafes, shops and banks.
- Rooms with free Wi-Fi, saltwater outdoor pool and barbeque facilities.
- 42 well-appointed money-making rooms - spacious with plenty of off-street parking.
- Situated on a large block.
- The motel is within convenient walking distance of all town facilities.
- Easily operated by a couple with casual staff.
- Strong trading history.
- Able to handle group bookings with ease including bus groups.
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.
Community members are proud of their homes, gardens, environment and history and heritage, and Hay's vibrant main street features some exquisite heritage buildings that provide a unique shopping experience.
The friendly community of Hay welcomes new people, businesses and innovations. From enjoying a great coffee to playing sport, volunteering at a museum, learning to paint, starting a business or relaxing by the river the Hay community has much to offer.
Key Industries: Hay's geography, climate and environment are conducive to a range of agricultural and pastoral activity. The Hay Shire is well known for its Merino sheep and wool industry as well as producing a diverse range of commercial crops such as rice, corn and wheat. It has recently become well known for cotton, with one of the world’s largest cotton gins being constructed near the town, and extensive cotton production taking place in the region. Irrigated horticultural land produces lettuce, rockmelon, broccoli, grapes and garlic. Hay is centrally located to transport this produce to markets in Sydney, Melbourne, Adelaide and Canberra. The potential to value add in the horticultural industry is extensive.
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 realising the potential of the region.
Employment Opportunities in the agricultural sector are available from casual to fulltime positions. The emerging tourism industry has also created a demand for skilled people in the hospitality, retail and service sector.
Net Profit: $203,103 expected for 2022/23
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 633ML (quote when enquiring)
Property Code: 4754
Business Summary
Key Investment Insights
1. Centrally located in the CBD of Hay, offering convenience to guests and potential for business growth.
2. Substantial street frontage restaurant not currently in operation, providing potential for additional income.
3. 42 well-appointed rooms with amenities such as free Wi-Fi, saltwater outdoor pool, and barbeque facilities.
4. Situated on a large block with plenty of off-street parking, providing ample space for guests.
5. Strong trading history and ability to handle group bookings, including bus groups.
6. Easily operated by a couple with casual staff, making it a manageable business for owners.
7. Diversification of the community into tourism has created opportunities for employment and business growth.
8. Key industries in the region include agriculture, with potential for value-adding in the horticultural industry.
9. Employment opportunities available in the agricultural sector, as well as in the emerging tourism industry.
10. Expected net profit of $203,103 for 2022/23, providing a solid return on investment.
11. Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
