Kerang, Victoria
2453ML - Country Opportunity with a Bright Future
SOLD
Business Description
- Was listed at $310,000 now reduced to $245,000 for urgent sale.
- The Kerang Motel offers guests a central location with Hotels, supermarkets and eateries within walking distance.
- Quiet location away from the Highway.
- Punching well above its size.
- Excellent consistent trade.
- Almost 75% occupancy rate, with 70% of business being repeat guests.
- Easily run motel for a couple looking for a friendly country lifestyle change.
- Opportunity to capitalize on the K-bar, offering conferences, meals, events and more.
- Stage two solar farm about to commence, injecting huge benefits to the town’s economy, now is the time to reap the rewards.
- Leasehold Motel.
Net Profit: $80,368 for 2019/20
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2453ML (quote when enquiring)
Location: Kerang is strategically positioned on the highway network between Swan Hill, Echuca and Bendigo in the productive north-west irrigation area of Victoria, producing lucerne, grain and vegetable crops. Investment in this region over recent years has been strong due to its position, quality infrastructure, affordable industrial land and housing. Kerang is also the centre of a rich and varied agricultural region of cattle and sheep grazing, dairying, with vineyards and orchards on the river flats. Dairying is widespread as evidenced by dairy factories at Leitchville and Cohuna, and seemingly hectares of cows. Nearby are the extensive wheatlands of the Mallee.
Visitors and new residents are warmly welcomed and provided with services expected of a larger regional centre. For those looking for a change in lifestyle away from high cost and overcrowded cities, great opportunities are available.
Property Code: 3342
Business Summary
Key Investment Insights
Key Insights:
1. The Kerang Motel is located in a central location with easy access to amenities such as hotels, supermarkets, and eateries.
2. The motel is situated in a quiet location away from the highway, providing a peaceful stay for guests.
3. Despite its small size, the motel has a strong and consistent trade.
4. The occupancy rate is almost 75%, with a majority of repeat guests.
5. The motel is ideal for a couple looking for a friendly country lifestyle change.
6. There is an opportunity to expand the business by offering conferences, meals, events, and more through the K-bar.
7. The upcoming solar farm project in the town will bring significant economic benefits, making it an ideal time to invest in the motel.
8. The business is being offered as a leasehold motel.
9. The net profit for 2019/20 was $80,368.
10. Kerang is a strategically positioned town in the productive north-west irrigation area of Victoria, with a diverse agricultural industry.
11. The town offers affordable housing and a welcoming community for new residents.
12. The motel is an excellent opportunity for those looking for a change in lifestyle away from high-cost and overcrowded cities.
