Mittagong, New South Wales
859ML - The Jewel of the Southern Highlands! Only 1 Hour from Sydney!
SOLD
Business Description
THIS LEASEHOLD Motel is right out of the top drawer!
The Freehold owners are offering a new 30 year Lease on their 23 unit, 4 star Motel, which has been run under management for the last 16 years.
It is a genuine Bed & Breakfast operation, with no evening meals provided.
94% of Turnover is from accommodation!
It currently operates at 71 % occupancy with an average tariff of $145 ex GST (2013/14).
It is an exceptionally maintained and presented Motel, and the Freehold owner is prepared to re-invest $20,000 p.a. into the Motel. The location is superb and the Motel is a big money spinner!
It's your dream Leasehold! Act now!
Net profit $297,942 for 2013/14.
Contact David Head or Peter Middlebrook from Tourism Brokers for further information or to arrange an inspection.
Property ID: 859ML (quote on enquiring)
Property Code: 745
Business Summary
Key Investment Insights
1. Prime location: The motel is located in the Southern Highlands, only 1 hour away from Sydney, making it easily accessible for both local and international travelers.
2. Established business: The motel has been in operation for 16 years and has a strong reputation in the market.
3. 4-star rating: The motel has a 4-star rating, indicating high quality and service standards.
4. Bed & Breakfast operation: The motel operates as a genuine Bed & Breakfast, providing a unique and personalized experience for guests.
5. High occupancy rate: The motel currently operates at 71% occupancy, indicating a high demand for its services.
6. Strong financial performance: The motel has a net profit of $297,942 for the 2013/14 financial year, demonstrating its profitability.
7. Potential for growth: With the Freehold owner willing to reinvest $20,000 per year into the motel, there is potential for further growth and improvement.
8. Exceptional maintenance and presentation: The motel is exceptionally maintained and presented, providing a comfortable and enjoyable stay for guests.
9. Experienced management: The motel has been run under management for 16 years, providing a smooth transition for a new owner.
10. Opportunity for ownership: The Freehold owner is offering a new 30-year lease, providing an opportunity for ownership of this successful motel.
11. Support from Tourism Brokers: Interested buyers can contact David Head or Peter Middlebrook from Tourism Brokers for further information or to arrange an inspection.
12. Property ID: The property has a designated Property ID (859ML) for easy reference and enquiring.
13. Property Code: The property has a designated Property Code (745) for easy identification and reference.
