3 Andrew St, Strahan, Tasmania
Adj Net Profit>$243K 13 Rooms Freehold Motel Strahan Tasmania 70% Occupancy
OFFERS OVER $1,299,000+SAV
Business Description
Freehold going concern
This is your chance to own a highly-rated, four-star freehold motel in the heart of one of Tasmania's most popular tourist destinations on the stunning West Coast.
Motel Strahan offers 13 beautifully furnished units, built just 17 years ago by the current owners and impeccably maintained with regular upgrades. Now, they're ready to pass the baton to a new operator, presenting a fantastic opportunity to take over a successful, low-maintenance business.
Key Features:
Strong Occupancy Rates: With average occupancy around 70%, there's still room for growth through enhanced marketing and advertising efforts.
Prime Location: Only a 10-minute walk to iconic attractions such as the Gordon River, Strahan Golf Club, and the renowned West Coast Wilderness Railwayperfect for attracting tourists all year round.
Outstanding Reviews: Rated 8.6/10 on Booking.com with 270+ guest reviews, and 240+ positive reviews on TripAdvisor, providing a stellar reputation in the competitive accommodation market.
Modern Upgrades: Recent improvements include Smart TVs in all rooms, high-speed Starlink satellite Wi-Fi, upgraded downlights, and new machines in the guest laundryoffering guests a superior stay experience.
Manager's Residence: Includes a spacious 2-bedroom, two-storey manager's accommodation, perfect for live-in owners or onsite management.
Casual staff are employed during peak seasons, making this an ideal business for a family or entrepreneur looking to grow their portfolio. The groundwork is already donestep in and start reaping the rewards!
Don't Miss Out!
Complete a confidentiality agreement to receive the information memorandum and financials.
This is an incredible opportunity to acquire a well-established, highly rated motel in one of Tasmania's top tourist towns.
Phone Business Broker Paul Scott on ---------- . ---------- Praveen Pant on ---------- 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; Please Note: All figures quoted are approximate.
Business Summary
Key Investment Insights
1. Well-established and highly-rated four-star freehold motel in a popular tourist destination.
2. 13 beautifully furnished units built just 17 years ago and regularly maintained.
3. Strong occupancy rates at 70%, with potential for growth through increased marketing efforts.
4. Prime location within walking distance to iconic attractions, making it attractive to tourists all year round.
5. Outstanding reviews on Booking.com and TripAdvisor, providing a stellar reputation in the competitive accommodation market.
6. Recent modern upgrades including Smart TVs, high-speed Wi-Fi, and new machines in the guest laundry.
7. Includes a spacious 2-bedroom, two-storey manager's accommodation for live-in owners or onsite management.
8. Casual staff employed during peak seasons, making it an ideal business for a family or entrepreneur.
9. Information memorandum and financials available upon completion of a confidentiality agreement.
10. Opportunity for growth and potential for increased revenue under new ownership.
11. Experienced and knowledgeable business brokers available for assistance and guidance.
12. Potential for a hands-on owner to further improve and develop the business.
13. Highly sought-after location in a popular tourist destination.
14. Low-maintenance business with regular upgrades and improvements already in place.
15. Opportunity to step in and start reaping the rewards immediately.
