Tasmania REGION

GREAT LOCATION, ADVISED T/O >$1.6m for FY 2023, 40 UNIT MOTEL WITH LONG 40 YEAR LEASE, O/O $995,000

SOLD

Business Description

Financially rewarding motel, that has bounced back after Covid with increasing month-on-month turnover. Occupancy for the next few months is above 83%.

Forward bookings till April 2023 of more than $300,000 (and increasing every day) Overlooking uninterrupted extended views over Launceston and the Tamar valley.
This 40 rooms Motel on five acres of manicured gardens is situated in Launceston city and en route to Casino, Silverdome, and Launceston General Hospital.
Situated a mere 12 minutes drive from Launceston Airport, it also is a convenient stopover for travellers inbound and outbound through Tasmania's northern gateway.

The motel has a strong income stream derived from tourists coupled with a long list of repeat customers, tour groups, school sporting teams, and corporate guests.

Variety of room configurations from standard rooms to self-contained apartments. It also has a 3-bedroom manager's residence. Offering an Indoor swimming pool with spa, sauna, kids games room, playground, and guest laundry. It also has an onsite laundry and multiple store rooms scattered across the motel.

There is also a fully licensed bar and huge restaurant (80 sittings), currently, not trading but can be used as a great opportunity. A huge commercial kitchen has 2 areas that can be used for a general restaurant, and another area has a wood fire oven (Morello Forni) imported from Italy. Offering huge potential to increase revenue by re-opening the restaurant or sub-leasing.

Currently running on 100% management with one owner only overseeing the operations and working 2-3 days in a week. This business would suit anyone wanting to keep the business under management or a family or husband-wife team. This business doesn't require any prior qualification but only passion. Being sold with the security of an extremely long lease of 40 years on a 34% ROI based on 2022 financial year net profit.

Serious money-making motel, with upside to be enjoyed by opening the Restaurant, Bar and Pizza area or simply sub-leasing.
Outstanding business opportunity for someone wanting to enter this industry or a seasoned operator or someone wanting to increase their portfolio and keep it under management, then look no further.

Contact Paul Scott email: ---------- ---------- or Praveen Pant ---------- INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF. NOTE: All figures are approximate.

Business Summary

Marketing Agent
Paul Scott
Paul Scott

Business Brokers Network Australia

Business Brokers Network Australia

Key Investment Insights

1. Financially rewarding motel with a projected turnover of over $1.6 million for FY 2023.
2. Strong bounce back after Covid with increasing month-on-month turnover.
3. High occupancy rate of over 83% for the next few months.
4. Forward bookings till April 2023 of more than $300,000 and increasing.
5. Prime location with uninterrupted extended views over Launceston and the Tamar valley.
6. 40 unit motel on five acres of manicured gardens.
7. Conveniently located 12 minutes from Launceston Airport and en route to popular destinations.
8. Strong income stream from tourists, repeat customers, tour groups, school sporting teams, and corporate guests.
9. Variety of room configurations including self-contained apartments.
10. Includes a 3-bedroom manager's residence.
11. Indoor swimming pool with spa, sauna, kids games room, playground, and guest laundry.
12. Fully licensed bar and huge restaurant (80 sittings) with potential for revenue increase.
13. Currently running on 100% management with potential for owner-operator or family team.
14. Long lease of 40 years with a 34% ROI based on 2022 financial year net profit.
15. Potential for further revenue increase by re-opening the restaurant, bar, and pizza area or sub-leasing.
16. Suitable for anyone wanting to enter the industry, seasoned operator, or portfolio expansion.
17. Contact details for further inquiries provided.
Listing location

This Business is sold

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Motels, Resorts For Sale

You may also like

33-room oceanfront Leasehold property - Swansea - Tasmania | Resort Brokers ID : LH008437
ResortBrokers
33-room oceanfront Leasehold property -...

SWANSEA

$870,000

Restaurant Facilities: -
Liquor Licence: -
Restaurant: -

10 x 2 Bdr & 1x 1Bdr Self-Contained Fully Furnished Villas Incredible Value offers over $1,095,000
Business Brokers Network Australia
10 x 2 Bdr & 1x 1Bdr Self-Contained Fully...

21 Andrew Street STRAHAN

offers over $1,095,000

Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

More Motel, Resort For Sale Searches
Surfers Paradise Supervisory Management Rights
Acquire a Prime Beach Front Management Rights in Bargara | Resort Brokers ID : MR008503
HIGH NETTING, PERMANENT ESTABLISHED MANAGEMENT RIGHTS ON THE RIVER IN NEWSTEAD | Resort Brokers ID : MRB008499
BEACHFRONT CARAVAN PARK OFFERING, LONG TERM 42 YEAR LEASE | Resort Brokers ID : LH008502
Newly Converted FHGC Motel in Central Manukau City
Rare Wynnum Business Only Management Rights - $101k+ net profit | Resort Brokers ID : MRB008510
Circa 1928 - 1P6206
Devine DeVille, a prime mixed Management Rights footsteps from the beach. | Resort Brokers ID : MR008491
FREEHOLD - Murrayland Holiday Apartments, Mildura VIC - 1P0472
Large $500k Perm Management Rights Coomera ROI% over 13.8%
Business Only, 5% Remuneration Increase, 24 Years Permanent @ Inner City East
Large Income, Huge Remuneration, Business Only Permanent GEM in Southside Brisbane
A Great Starting Opportunity Into The Motel Industry - 2642ML
Iconic Australian Hotel Winton – Liquidator Sale, Expressions of Interest | Resort Brokers ID : INV008514
Prime Mangement Rights Opportunity in Northern GC growth corridor - NOP $449K+ | Resort Brokers ID : MR008501
Acquire a Prime Investment in stunning Hervey Bay! | Resort Brokers ID : MR008508
High-Yield Management Rights Opportunity on Chevron Island
Easy Care Complex in Capalaba - Business Only