Orbost, Victoria
BY MOTEL ROOM, ONE OF THE TOP REGIONAL EARNERS - 2468ML
SOLD
Business Description
Orbost Motel is turning over $700,000 a year. That’s almost $60,000 per room!
With average occupancy over 70%, average daily rate is $160.
Gotta being doing something right!
Even the pandemic brought only limited challenges.
This 15 room motel was fully upgraded just ten years ago. Our vendors have not only maintained the property in tip top condition but added to the amenity. It’s the flagship for high quality accommodation east of Lakes Entrance.
This is a business that could set you up for life! Look at that net profit and multiply by five years.
THERE FOR A GOOD TIME - NOT A LONG TIME.
Net Profit $333,754 FOR 2021/22
Contact Annette Adams and Reg Partington from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2468ML (quote when enquiring)
Location: Explore the heart of Snowy River country from Orbost, a small East Gippsland town. It is an important service centre for what has developed into a major cattle and agricultural district and is also surrounded by coastal rainforests and hinterlands. Orbost's commercial centre is along Nicholson Street and includes two supermarkets, a selection of shops and a few hotels. At the northern end of the commercial centre, at the Salisbury Street roundabout, is a memorial clocktower. As Nicholson Street heads northwards, it breaks out into a wide boulevard with lawns and trees along its central strip. East Gippsland is the major geographic and economic region in eastern Victoria. It covers more than 21,000 square kilometres and stretches from Bairnsdale to Mallacoota on the VIC/NSW border. With its affordable property prices, reliable and stable workforce, excellent infrastructure and clean, healthy and safe environment, East Gippsland has a growing population of 42,000 people, who enjoy its stunning natural environment, mild climate and easy lifestyle.
Property Code: 4431
Business Summary
Key Investment Insights
1. High Turnover: The Orbost Motel has a high annual turnover of $700,000, which translates to almost $60,000 per room. This indicates that the business is successful and profitable.
2. Strong Occupancy Rates: The motel has an average occupancy rate of over 70%, which is above the industry average. This suggests that the motel is popular among guests and has a strong demand for its rooms.
3. Competitive Pricing: The average daily rate at the Orbost Motel is $160, which is slightly higher than the industry average. This indicates that the motel is able to charge a premium for its rooms due to its high quality and amenities.
4. Resilience During Pandemic: Despite the challenges brought on by the pandemic, the Orbost Motel has only faced limited challenges. This highlights the resilience and stability of the business.
5. Recent Upgrades: The motel was fully upgraded just ten years ago, and the current owners have maintained the property in excellent condition. This indicates that the business is well-maintained and has modern amenities, making it a flagship for high quality accommodation in the region.
6. Potential for Growth: With a net profit of $333,754 for 2021/22, the Orbost Motel has the potential to set the new owner up for life. This suggests that there is room for growth and potential to increase profits even further.
7. Ideal Location: The motel is located in Orbost, a small town in East Gippsland, which is an important service centre for a major cattle and agricultural district. The region has a growing population of 42,000 people and offers a clean, healthy, and safe environment for residents and visitors.
8. Affordable Property Prices: East Gippsland has affordable property prices, making it an attractive location for businesses and residents. This also suggests that the Orbost Motel may be a good investment opportunity.
9. Strong Infrastructure: East G
