Moree, New South Wales
BIG LEASEHOLD, BIG $$$$ TO BE MADE! - 893ML
LEASEHOLD $2,575,000
Business Description
- Exceptional 74 Ground Floor units with Licensed Restaurant.
- Rare as hens' teeth offering: the room numbers are a huge advantage and create significant opportunities.
- Main residence with three bedrooms plus Manager's residence of two-bedrooms with fully renovated kitchen, attached to reception and adjacent to the motel kitchen.
- Strong Corporate trade and well respected clients.
- All units are in exceptional condition.
- Turnover around $2.1m+.
- Big gains for the astute operating couple can be achieved with this rare offering.
- Long 35 years remain on the Lease at a reasonable rent.
- Opposite Racecourse and 5 minutes’ drive from Railway Station and Golf Course.
- Popular Artesian Spa is just 3 kms away.
Due to the strategic position of Moree, significant developments have been happening and continue to be planned for the area. The multi-million-dollar rail link from Sydney is a significant boost for the area and will accelerate the region’s growth.
Adjusted Net Profit: $592,370 for 2024/25
Contact Laurence Crowley from Tourism Brokers for further information or to arrange an inspection.
Property ID: 893ML (quote when enquiring)
Property Code: 5313
Business Summary
Key Investment Insights
Key insights for this business for sale listing include:
1. Rare opportunity: The room numbers are a huge advantage and create significant opportunities for the buyer.
2. Strong corporate trade: The motel has a strong corporate trade and well-respected clients, providing a stable and consistent source of revenue.
3. Exceptional condition: All 74 ground floor units are in exceptional condition, ensuring a high level of guest satisfaction and repeat business.
4. Multiple income streams: In addition to the motel, the business includes a licensed restaurant, providing multiple income streams and potential for growth.
5. High turnover: The business has a turnover of around $2.1 million, providing a solid foundation for profitability and growth.
6. Long lease: The lease has 35 years remaining at a reasonable rent, providing stability and security for the buyer.
7. Strategic location: The motel is located opposite the racecourse and just 5 minutes' drive from the railway station and golf course, making it a convenient choice for guests.
8. Proximity to popular attractions: The popular Artesian Spa is just 3km away, providing a potential source of business for the motel.
9. Significant developments in the area: The strategic position of Moree has led to significant developments in the area, including a multi-million-dollar rail link from Sydney, which will accelerate the region's growth.
10. Potential for growth: With a strong foundation and multiple opportunities for growth, this business presents a great opportunity for an astute operating couple to achieve big gains.
