Tamworth, New South Wales
1248ML - Regional City Leasehold A Must To Inspect!
SOLD
Business Description
- 29 ground floor 3.5 star units plus 10 budget cottages
- 90% of the Turnover in Accommodation and Breakfast
- Well established trade with plenty of growth opportunity
- 'In House' dining room
- Spacious 4 bedroom residence with private yard
- An excellent opportunity
- Contact us now for further details!
Net profit $260,000 expected for 2015/16
Contact David Head from Tourism Brokers for further information or to arrange an inspection
Property ID: 1248ML (quote when enquiring)
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: 1985
Business Summary
Key Investment Insights
1. Well-established and profitable business with a net profit of $260,000 expected for 2015/16.
2. Located in a dynamic and progressive regional city with a strong economy and easy-going lifestyle.
3. 29 ground floor 3.5 star units and 10 budget cottages provide a variety of accommodation options.
4. 90% of the turnover is generated from accommodation and breakfast, indicating a strong demand for these services.
5. The business has a spacious 4 bedroom residence with a private yard, providing potential for a live-in owner or manager.
6. The presence of an 'in-house' dining room adds convenience and potential for additional revenue.
7. Plenty of growth opportunities available for the business, indicating potential for increased profitability.
8. Located in close proximity to the Australian Equine and Livestock Events Centre, providing potential for business from event attendees.
9. The Tamworth region is attracting people and businesses due to its lifestyle, healthy environment, and employment opportunities.
10. Contact with David Head from Tourism Brokers for further information or to arrange an inspection.
