Tamworth, New South Wales
1266MF - Owner/Operator Freehold Motel - Be Your Own Boss!
SOLD
Business Description
This Freehold Motel located in the growing Regional City of Tamworth is an ideal opportunity for the operating couple!
It features 9 ground floor, well maintained units, with kitchenettes in all of them - meaning no cooking for the owners!
Tamworth is a major Regional City and offers huge drawcard events such as the Country Music Festival and boasts the world ranked Equine Centre which attracts huge numbers to the City. Tamworth was just recently listed as one of the Real Estate Hot Spots in Regional Australia.
The Motel has a consistent trade in the high $100k's and offers a net income averaged over the last 3 years of approaching $3,000 per week.
It's an easily managed and operated Motel and may be just the one you are after.
The owners have already purchased their retirement home so the opportunity is yours!
Contact us now for further details!
Net profit $143,071 average for 2013-15
Contact David Head from Tourism Brokers for more information or to arrange an inspection.
Property Id: 1266MF (quote when inquiring)
Location: Tamworth NSW
Tamworth is a dynamic, modern and progressive city and a major regional service centre with an easy going lifestyle and a strong economy. Manufacturing, health and community services, education, logistics, wholesale trades, food processing and tourism and hospitality provide a solid economic base for the city. Retail is the biggest employer, and there's a strong base in property and financial service sectors, aviation and construction. Agriculture generates significant economic activity, and so does the Australian Equine and Livestock Events Centre, opened in 2008.
Tamworth is a vibrant, easy going place, a top Evocity where the lifestyle means work isn't such a hard stretch and there's plenty of time after work to play sport, play with the kids or just take it easy. Salary rates in regional cities like Tamworth are comparable to Sydney salaries, if not better for many career sectors - but the biggest bonus is in the work/life balance. You get to enjoy it more as a result of lower housing costs, less time travelling to and from work and improved cost of living. There are a lot of reasons why the Tamworth region is attracting people and businesses. People are attracted to the lifestyle, the healthy environment, a vibrant retail sector, excellent sporting facilities and many employment opportunities.
Property Code: 306
Business Summary
Key Investment Insights
1. Freehold Motel located in growing Regional City of Tamworth.
2. 9 well-maintained ground floor units with kitchenettes.
3. Tamworth is a major Regional City with popular events and attractions.
4. Consistent trade in the high $100k's.
5. Net income averaged over the last 3 years is approaching $3,000 per week.
6. Easily managed and operated Motel.
7. Owners have already purchased their retirement home.
8. Net profit of $143,071 average for 2013-15.
9. Location: Tamworth, NSW.
10. Tamworth is a dynamic, modern and progressive city with a strong economy.
11. Retail, manufacturing, health and community services, education, and tourism are major industries in Tamworth.
12. Tamworth offers a vibrant and easy-going lifestyle with a good work/life balance.
13. Salary rates in regional cities are comparable to Sydney.
14. Attractive lifestyle, healthy environment, and employment opportunities are attracting people and businesses to the Tamworth region.
