Leongatha, Victoria
2101ML - Wanted Astute Buyers Seeking a 44% Return - No Catches!
SOLD
Business Description
Now that should have you focused!
There's 28 three star rooms, most of which have been made over with new televisions, new bedding, fresh paintwork and new carpet freshly laid.
There's little competition - our vendor well and truly has the high ground.
Projections are to turn over a whopping $450K this financial year, parking over $170K in the profit column.
Leongatha Motel enjoys a solid and consistent corporate trade that's always returning and it's a favourite of the ninety minute 'short drive and break' market.
Smell the air. Now that's fresh!
Net profit $175,000
Contact Reg Partington from Tourism Brokers for further information or to arrange an inspection
Property Code: 2101ML
Property Code: 25
Business Summary
Key Investment Insights
1. The business for sale is a motel located in Leongatha.
2. The motel has 28 three-star rooms that have recently been renovated.
3. The vendor has little competition in the area.
4. The projected turnover for this financial year is $450,000 with a profit of $170,000.
5. The motel has a strong and consistent corporate trade.
6. It is also popular among the "short drive and break" market.
7. The location of the motel provides fresh air.
8. The net profit for the business is $175,000.
9. Interested buyers can contact Reg Partington from Tourism Brokers for more information or to arrange an inspection.
10. The property code for this business is 2101ML.
11. The property code for this business is 25.
