Sale, Victoria
Where Did You Come From My Lovely? - 2843MF
FREEHOLD $3,500,000 + sav
Business Description
It's been there all the time. Just hidden by the lay of the land. Perfect for all the noise avoiding insomniacs!
Once unloved, now all dressed up and making a difference.
Well made over rooms with completely updated bathrooms - top to bottom.
Standardised to a 20 room peer group, it’s running a 70% occupancy. The smart corporates and trades have found this oasis that’s only two minutes from the local CBD.
Now here’s your opportunity! Even better for a seasoned operator.
Once done there’s enough in it to support a manager in a freestanding residence
Only three hours from Melbourne to one of the high demand regions of the corporate traveller.
Net Profit: $394,347 for 2023/24
Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2843MF (quote when enquiring)
Property Code: 5110
Business Summary
Key Investment Insights
1. Established business with a loyal customer base.
2. Prime location with high demand from corporate travelers.
3. Recently renovated rooms with updated bathrooms.
4. High occupancy rate of 70%.
5. Potential for growth and increased profits.
6. Suitable for both experienced and new operators.
7. Opportunity for a manager to reside on-site.
8. Close proximity to local CBD and only three hours from Melbourne.
9. Net profit of $394,347 for 2023/24.
10. Experienced and knowledgeable brokers available for further information and inspection.
