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 for 2453ML - Country Opportunity with a Bright Future:
1. Prime location: The Kerang Motel is situated in a central location, with easy access to hotels, supermarkets, and eateries within walking distance. This makes it an attractive option for guests looking for convenience and accessibility.
2. Quiet and peaceful: The motel is located away from the highway, providing guests with a peaceful and quiet environment. This is a major selling point for those seeking a relaxing and tranquil stay.
3. Strong business performance: Despite its small size, the motel has a strong and consistent trade, with an occupancy rate of almost 75%. The majority of the business comes from repeat guests, indicating a high level of customer satisfaction.
4. Easily run by a couple: The motel is an ideal opportunity for a couple looking for a friendly country lifestyle change. It is an easily run business that offers a good work-life balance.
5. Potential for growth: The K-bar within the motel presents an opportunity for expansion and growth. With the potential to offer conferences, meals, events, and more, the motel can tap into a new market and increase its revenue.
6. Solar farm project: The upcoming stage two solar farm project in the town is expected to bring significant economic benefits. This presents an ideal time for the motel to capitalize on the increased business activity and reap the rewards.
7. Leasehold property: The motel is a leasehold property, making it an affordable option for those looking to enter the hospitality industry.
8. Net profit: The motel has a strong net profit of $80,368 for the financial year 2019/20. This indicates a profitable and sustainable business.
9. Strategic location: Kerang is strategically located between major cities and is known for its productive agricultural industry. This makes it an attractive destination for visitors and potential residents.
10. Affordable lifestyle: Kerang offers a more affordable and relaxed lifestyle compared to larger cities, making it an attractive option for
