Key Investment Insights
AI generated. Confirm details with the seller.
Key insights for this business for sale listing include:
1. Location: The motel is situated in a prime location on the main highway, making it easily accessible for travellers. It is also close to local attractions and essential services, making it a convenient choice for guests.
2. Well-appointed guest rooms: The motel offers 28 modern and well-appointed guest rooms, catering to a variety of guests with different room options. This ensures a comfortable and enjoyable stay for all guests.
3. Owner's residence: The added convenience of a private, onsite owner's residence allows for hands-on management and a better work-life balance for the owners.
4. Additional facilities: The motel offers additional facilities such as a restaurant, spacious parking, and a shaded BBQ and pool area for guests to relax and socialize. These amenities add value to the guest experience and make the motel a more attractive option for potential buyers.
5. Potential for growth: The motel is well-positioned to benefit from a $15 million hospital upgrade and a new windfarm project in the pipelines for the town of Nhill. This presents a great opportunity for growth and increased profitability for the business.
6. Net profit: The projected net profit for the 2023/24 financial year is $343,603, making this a highly profitable business opportunity for potential buyers.
7. Experienced broker: The listing is managed by Andrew Cronin from Tourism Brokers, a reputable and experienced broker in the industry. This ensures a smooth and professional buying process for interested parties.
Overall, this thriving leasehold motel presents a great opportunity for buyers looking to enter the hospitality industry or expand their portfolio. With its prime location, well-appointed rooms, and potential for growth, this business has all the key elements for success.
