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. Well-established and profitable business with a strong occupancy rate of 70%.
2. Located in a high demand region for corporate travelers, only three hours from Melbourne.
3. Recently renovated and updated rooms and bathrooms, making it a desirable option for travelers.
4. Standardized to a 20 room peer group, making it easy to manage and maintain.
5. Potential for a seasoned operator to further improve and grow the business.
6. Opportunity for a manager to live on-site in a freestanding residence.
7. Close proximity to the local CBD adds convenience for guests.
8. Net profit of $394,347 projected for 2023/24, providing a strong return on investment.
9. Listed with experienced and reputable brokers, Tourism Brokers.
10. Property ID: 2843MF.
