Nhill, Victoria
A Thriving Leasehold Motel - 2409ML
SOLD
Business Description
A charming 3.5-star motel located half between Melbourne (373kms) and Adelaide (354 kms), less than 5 hours drive.
- 28 well-appointed guest rooms: Each room features modern amenities including air conditioning, flat-screen TVs, Wi-Fi, and comfortable furnishings. Room options include queen, twin, and family layouts, catering to a range of guests.
- Owner's Residence: Enjoy the added convenience of a private, onsite owner’s residence. Ideal for hands-on management.
- Additional Facilities: A restaurant is onsite, but not currently in operation, spacious parking for guests, and a shaded BBQ and pool area for relaxing and social gatherings.
- Prime Location: Situated on the main highway, the Motel benefits from excellent visibility and easy access for travellers. Close to local attractions such as the Little Desert National Park, largest single bin silo and annual events such as Nhill Cup horse races, Agricultural and Pastoral show and the Nhill Aviation Heritage museum, and essential services in Nhill.
- Benefit from a $15m hospital upgrade and new Windfarm project in the pipelines for Nhill also.
Net Profit: $343,603 for 2023/24
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2409ML (quote when enquiring)
Property Code: 5079
Business Summary
Key Investment Insights
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.
