Lightning Ridge, New South Wales
Western NSW Freehold Motel Ideal for a Market Entry Investment - 2896MF
FREEHOLD $1,150,000
Business Description
- Located in extremely popular tourist region.
- The town is in high demand for accommodation.
- Clientele mainly contractor and trades profit.
- Short and long term bookings.
- Easily managed concern.
- Future prospects in the area include government funded museum.
- Owner has recently replaced the roofing - no maintenance required.
This business certainly has potential to increase the bottom line net profit with hands on management. This is a great opportunity.
Adjusted Net Profit: $146,549 for 2023/24
Contact Laurence Crowley from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1896MF (quote when enquiring)
Property Code: 5383
Business Summary
Key Investment Insights
1. Located in an extremely popular tourist region, offering strong leisure demand for accommodation.
2. Town described as in high demand for accommodation, supporting occupancy prospects.
3. Clientele mainly contractors and trades, providing stable corporate and project-based bookings.
4. Mix of short and long term bookings, diversifying revenue streams and cashflow.
5. Easily managed concern, suitable for a market-entry investor or owner-operator.
6. Adjusted net profit $146,549 for 2023/24, providing a clear earnings baseline.
7. Freehold asking price $1,150,000, implying an approximate net yield of 12.7% based on 2023/24 adjusted profit.
8. Recent roof replacement by owner, reducing near-term maintenance costs and capital expenditure.
9. Local future development of a government-funded museum, offering upside in tourist visitation and demand.
10. Listing shows Business Value $0, suggesting the price reflects the freehold property; enquire for clarification using Property ID 1896MF and Property Code 5383.
