Port Macquarie, New South Wales
1114ML - BLUE CHIP WATERFRONT BOUTIQUE LEASEHOLD HOTEL
SOLD
Business Description
- 4 - star coastal property, Country County affiliation without ongoing obligation
- An ultimate balance of corporate and leisure trade
- 5,000 square metres of land with direct jetty and river access
- 61 rooms, 130 seat restaurant, large conference/wedding facilities, unrivalled outdoor entertaining option inclusive of large resort pool, waterfront decking and remote outdoor bar/cafe
- Annual income of Circa $3.5m
- Occupancy Circa 90% in normal trading periods
- 30% Return on Investment
The property and the market in general, is poised to explode with domestic travel. This investment vehicle has an existing corporate business stronghold, coupled with upside from all revenue streams with specific focus.
The ability to run under an employment structure, or a high-income husband and wife team will generate certain interest in this offering.
Priced guided to sell to enable the existing owners of 6 years to move to their next venture.
Net Profit: $803,242 for 2019/20
Contact James Carrick from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1114ML (quote when enquiring)
Property Code: 3932
Business Summary
Key Investment Insights
- 4-star coastal property with a Country County affiliation, providing a strong reputation and brand recognition without ongoing obligations.
- Prime location on 5,000 square metres of land with direct jetty and river access, offering a unique and attractive setting for guests.
- 61 rooms, 130 seat restaurant, and large conference/wedding facilities, providing a diverse range of revenue streams.
- Unrivalled outdoor entertaining options, including a large resort pool, waterfront decking, and remote outdoor bar/cafe, offering guests a luxurious and memorable experience.
- Annual income of approximately $3.5 million, with a high occupancy rate of around 90% in normal trading periods.
- Potential for a 30% return on investment, making this a highly profitable business opportunity.
- Positioned to take advantage of the current and future growth in domestic travel, with a strong corporate business base and potential for further revenue growth.
- Can be run under an employment structure or as a high-income husband and wife team, providing flexibility for potential buyers.
- Priced to sell, with the current owners looking to move onto their next venture after 6 successful years of ownership.
- Net profit of $803,242 for the 2019/20 financial year, demonstrating the profitability of the business.
- Contact James Carrick from Tourism Brokers for further information or to arrange an inspection.
- Property ID: 1114ML (quote when enquiring).
- Property Code: 3932.
