Stawell, Victoria
2624ML - A MOTEL BARGAIN WITH FREE RENT*
SOLD
Business Description
- CASH SALE!
- Owner says "MUST SELL"
- Reduced for a quick sale.
- Excellent Income, with great net profit.
- Great family owner/operated motel.
- 4.0 Trip Advisor rating.
- Brand new 25 year lease.
- Free rent until 1st January 2021 (*)
- Solid brick veneer motel with room to move.
- Residence onsite with space, comfort and huge outdoor area.
- Upgrades completed, 16 new bathrooms.
- Located within walking distance to local eateries.
- Consistent trade and income with high occupancy.
- All parking available outside rooms.
Net Profit: $162,067 for 2018/19 (includes GST); $96,727 for 2019/20
Contact Andrew Cronin from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2624ML (quote when enquiring)
Location: Stawell is an active goldmining town of some 6,700 people located just off the Western Highway, 32 km north-west of Ararat, 235 km north-west of Melbourne and is part of the North Grampians Shire Council. More than 720 businesses are currently listed on the North Grampians Shire Council business database with major activity based in the thriving tourism, mining, textile manufacturing and rural industries. As one of the State's key agricultural districts, the shire's total annual production exceeds $96 million.
Events in Stawell: Grampians Pro Am Golf Circuit, Grampians Grape Escape, Stawell Hot Air Balloon Festival, Stawell Spring tournament, Agricultural Show and The Easter Athletics Carnival - the setting for the Stawell Gift. It is Australia's best-known, richest and oldest professional footrace, drawing up to 20,000 spectators.
Property Code: 3495
Business Summary
Key Investment Insights
1. Urgent sale: The owner is motivated to sell the business and has reduced the price for a quick sale.
2. Strong income: The business has a proven track record of generating good income, with a high net profit.
3. Family-owned and operated: The business is suitable for a family to run, providing a great opportunity for owner-operators.
4. Positive reviews: The business has a good reputation with a 4.0 Trip Advisor rating, which can attract potential customers.
5. Long lease: A brand new 25-year lease is included in the sale, providing long-term stability for the new owner.
6. Free rent: Until 1st January 2021, the new owner will not have to pay rent, providing a financial advantage.
7. Spacious property: The motel is a solid brick veneer building with plenty of space for guests and owners.
8. Onsite residence: The property includes a comfortable and spacious residence for the owners to live in.
9. Recent upgrades: The business has recently undergone upgrades, including 16 new bathrooms, ensuring the property is well-maintained and up-to-date.
10. Convenient location: The motel is located within walking distance to local restaurants, making it attractive to guests.
11. Consistent trade and occupancy: The business has a consistent trade and high occupancy rate, providing a stable income for the new owner.
12. Ample parking: All parking is available outside the rooms, making it convenient for guests.
13. Strong financials: The business has a net profit of $162,067 for 2018/19 and $96,727 for 2019/20, providing a solid financial foundation for the new owner.
14. Growing town: Stawell is an active goldmining town with a growing population and a diverse range of industries, providing potential for future growth.
15. Popular events: The town hosts popular events such as the Stawell Gift and the Gr
