50 Pioneer Avenue, New Norfolk, Tasmania
Attractive Leasehold Fy2023 Net $170K 30 Rooms 3.5 Star Motel 35 Mins From Hobart O/O $369,000+SAV
SOLD
Business Description
An opportunity that would not last long!
Discover a once-in-a-lifetime opportunity to own a thriving leasehold motel nestled in the picturesque town of New Norfolk, just 35 minutes northwest of Hobart. Offered for sale for the first time in approximately 15 years, this meticulously maintained business has been operated by the current owner since circa 2008.
Key Features:
Total of 30 rooms, including 28 guest rooms and 2 staff rooms, this motel provides comfortable and convenient accommodation options for travellers and visitors to the region.
Current owner has spared no expense in enhancing the presentation and quality of this 3.5-star accommodation property.
In house guest laundry.
Boasting an attractive 42% Return on Investment (ROI), this motel offers tremendous potential to grow.
With highly recommended 8.2/10 stars reviews from over 250 guests on Booking.com, this business stands as a testament to exceptional customer satisfaction, ensuring repeat business and positive word-of-mouth referrals.
While the motel restaurant currently serves breakfast for in-house guests and caters for pre-booked private functions, there is immense potential to expand revenue by opening the restaurant to the general public. With the current revenue from the restaurant accounting for only 2-3% of total turnover, there is ample room for growth and increased profitability.
Offering a long lease of approximately 27 years, including options.
There are plenty of upsides for the new operator, including the potential to increase revenue through strategic marketing on various accommodation platforms and flexible room rate adjustments based on market demand and occupancy levels, the possibilities for growth and success are endless.
Current owner chooses to operate on around 50% occupancy, located very close to the Tasmanian capital, this motel should be able to achieve 70% or more occupancy if desired by new owners.
Your Gateway to Success Awaits!
If you're seeking a lucrative low ingoing motel business in a prime location close to Hobart, the Tasmanian capital city, look no further! Enquire with our professional business brokers today for a confidential discussion and to arrange an inspection of this exceptional leasehold motel in New Norfolk.
For more information or to arrange a private viewing of this remarkable property, contact Praveen Pant ---------- , or contact Paul Scott at ---------- email: ---------- NDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF. NOTE: All figures are approximate.
Business Summary
Key Investment Insights
AI generated. Confirm details with the seller.
1. Located in a picturesque town just 35 minutes from Hobart, the capital of Tasmania.
2. Meticulously maintained business operated by the current owner since circa 2008.
3. Total of 30 rooms, including 28 guest rooms and 2 staff rooms.
4. In-house guest laundry.
5. Attractive 42% Return on Investment (ROI).
6. Highly recommended with 8.2/10 stars reviews from over 250 guests on Booking.com.
7. Potential to expand revenue by opening the restaurant to the general public.
8. Long lease of approximately 27 years, including options.
9. Potential for increased revenue through strategic marketing and flexible room rate adjustments.
10. Located close to the Tasmanian capital, potential for 70% or more occupancy.
11. Low ingoing cost for a lucrative business in a prime location.
12. Professional business brokers available for confidential discussions and inspections.
13. Opportunity for growth and success with endless possibilities.
14. All figures are approximate and potential purchasers should conduct their own investigations and inquiries.
