Tamworth, New South Wales
1260ML - Leasehold Motel with Plenty of Upside!
SOLD
Business Description
Wanted: A big dose of enthusiasm!The current owners are tired and want a change.Huge opportunity to buy in at a bargain price and go forward.31 units with underutilised Dining room.Potential growth in all areas.Spacious 3-bedroom residence.Located in one of Regional NSW's major Cities .You be the one to give it a new lease of life!Contact us now for further details.Net profit $125,000 average over last 3 years
Contact David Head from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1260ML (quote when enquiring)
Location: 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.
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: 2582
Business Summary
Key Investment Insights
1. The motel has 31 units and a spacious 3-bedroom residence, providing ample space for guests and owners.
2. The current owners are looking to sell due to fatigue, providing an opportunity for new owners to bring fresh energy and ideas to the business.
3. The motel has an underutilized dining room, presenting potential for growth and additional revenue streams.
4. The business is located in one of Regional NSW's major cities, providing a strong economic base and potential for growth.
5. Tamworth is a vibrant and progressive city with a strong economy, offering a desirable lifestyle and work-life balance for both owners and guests.
6. The average net profit over the past 3 years is $125,000, providing a solid foundation for potential buyers.
7. The property is listed at a bargain price, providing an opportunity for new owners to enter the market at a lower cost.
8. The region's strong agricultural and equine industries provide potential for partnerships and collaborations with the motel.
9. The property is listed with Tourism Brokers, a reputable agency with experience in the hospitality industry.
10. The property has a unique Property ID (1260ML) for easy reference and identification.
