Merimbula, New South Wales
THRIVING COASTAL FREEHOLD MOTEL IN MERIMBULA CBD
$5,200,000
Business Description
Step into a world of endless possibilities with this exceptional 20-unit motel nestled in the heart of Merimbula, New South Wales. Boasting a stellar reputation and a prime location, this thriving business is a lucrative investment waiting to be seized. FY turnover $645K (ex GST) Adjusted Profit $425K.
Picture this: guests strolling through the CBD, exploring the vibrant surroundings, and returning to their comfortable abode at the end of the day. With recent renovations and with the appropriate management enhancements, the potential for increased revenue is high.
Ranked as the #1 property on Trip Advisor for 12 consecutive years, this motel is a beacon of excellence in the hospitality industry. Yet, there's still untapped potential for growth - group bookings and family-focused marketing strategies are ripe for exploration.
Conveniently situated halfway between Sydney and Melbourne, this motel is a sought-after destination for travellers seeking a relaxing stopover. Daily flights to Sydney and Melbourne provide easy access, ensuring a steady stream of guests year-round.
An approved Concept DA for 18 strata studios + residence adds even more value to this already lucrative investment. Recent upgrades, including a solar system (72 panels), heat pumps, smart TVs, 17 renovated bathrooms, and a new pool lining, ensure that guests enjoy a modern, comfortable stay.
Don't miss out on this rare opportunity to own a successful motel in a vibrant location. Seize the moment and make this business your own today!
Business Summary
Key Investment Insights
1. Prime location in the heart of Merimbula, New South Wales
2. Stellar reputation as the #1 property on Trip Advisor for 12 consecutive years
3. High potential for increased revenue with recent renovations and management enhancements
4. Conveniently situated halfway between Sydney and Melbourne, with easy access via daily flights
5. Approved Concept DA for 18 strata studios + residence adds additional value to the investment
6. Recent upgrades, including a solar system, heat pumps, smart TVs, and renovated bathrooms, ensure a modern and comfortable stay for guests
7. Potential for growth through group bookings and family-focused marketing strategies
8. Steady stream of guests year-round due to the motel's sought-after location
9. Lucrative investment with a FY turnover of $645K (ex GST) and an adjusted profit of $425K
10. Rare opportunity to own a successful motel in a thriving location.
