Kerang, Victoria

Motel cash cow - freehold & business, Great financials !!

SOLD

Business Description

Motel freehold and business with a 4 bedroom residence located on the Murray Valley Highway Kerang Victoria 3579.
Prime position where the traffic flows daily to and from Melbourne and Adelaide. Huge volumes of daily traffic.
This very busy motel is patronised with corporates, working crews, bus tours, holiday makers and passing traffic in a very busy part of Australia.
The Motel consists of 31 ground level units with an in-ground swimming pool, plus a 250 seating convention centre and a fully licensed restaurant to seat 60.
Well maintained motel that is surrounded by 2 acres of garden setting and is a stunning venue for the ultimate professional.
A great operator with experience will see the potential in all the facilities where weddings, engagements, 21st parties, anniversaries and other parties, and of course the locals and guests who patronise the restaurant.
This high income motel is suitable for the utmost professional who has hospitality and entertainment in their blood , a great opportunity for the perfect operator wanting a sound financial future.
The motel has just gone through fantastic renovations and additions to maintain the professional standard.
Updates include as new TV's installed in every room, new Doona's, a new commercial washing machine and dryer as well as a full solar system has been installed at a cost of $40,000 which will be a great savings on the power bill
For people wanting a change in life style, this would be a great opportunity to get away from the City and suburban life.
The benefits this region has to offer is extensive and you would be pleasantly surprised by all the facilities you would expect from country Victoria town such as Kerang.
There is a hospital, 2 medical centres, 2 high schools, 3 primary schools, a shopping centre including Woolworths, Aldi and Target, and V/Line train services going to and from Melbourne 3 times daily and South Australia and so much more.
Price: $1,750,000
Bank Finance Available to approved purchaser
Inspection by appointment only and preferred operators experienced in the hospitality industry.
For further details quote MSA 5034 and call Michael on ---------- NOW !!! or submit an enquiry.

Business Summary

Marketing Agent
Michael Keltie
Michael Keltie

Business Brokers Network Australia

Business Brokers Network Australia

Key Investment Insights

1. Prime location on a busy highway with high volumes of daily traffic
2. Diverse customer base including corporates, working crews, bus tours, and holiday makers
3. 31 ground level units, in-ground swimming pool, 250 seating convention centre, and fully licensed restaurant
4. Well-maintained motel with 2 acres of garden setting
5. Potential for hosting weddings, parties, and other events
6. Recent renovations and additions to maintain professional standard
7. Full solar system installed for cost savings on power bill
8. Opportunity for a change in lifestyle away from city and suburban life
9. Extensive facilities in the surrounding area including hospital, schools, shopping center, and train services
10. Bank finance available for approved purchaser
11. Inspection by appointment only for experienced operators in the hospitality industry.
Listing location

This Business is sold

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