49-51 Eastlands Drive, Ulverstone, Tasmania
Bass & Flinders Motor Inn, Excellent Business, Property & Opportunity, FHGC $1.6 Mill
SOLD
Business Description
Yes, this very profitable, freehold motel, has the following standout features:
Year on year profit and turnover increasing, 28% up in 2020. Whole property in excellent repair and condition, with many thousands of dollars spent on improvements in recent years. Situated on the main entry road into Ulverstone, only motel with main road exposure. Level site, all ground floor, spacious and comfortable manager's quarters adjoining the office/reception, the standout large restaurant, upgraded and stylish in all respects is licensed, has three rooms allowing for functions and separate events, conferences etc, well-equipped kitchen. 15 units with various configurations, well presented, spotlessly clean with parking at the door.
The ROI is 15% in 2021 with an occupancy of only 40%. There is plenty of upsides here to further increase the turnover and profitability, subsequently the value of your business.
This motel will not be on the market long, please only serious buyers who are ready to move now. Enquire for leasehold price.
Contact Tasmania's premier Business Broker Paul at ----------
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. Profit and turnover have been consistently increasing year on year, with a 28% increase in 2020.
2. The property is in excellent condition, with recent improvements made.
3. Located on the main entry road into Ulverstone, providing high visibility and exposure.
4. All ground floor units with spacious and comfortable manager's quarters.
5. The restaurant is a standout feature, upgraded and stylish with a license and three rooms for functions and events.
6. Well-equipped kitchen and 15 units with various configurations, all well-presented and clean.
7. The ROI for 2021 is 15% with only 40% occupancy, indicating potential for further growth and profitability.
8. Serious buyers who are ready to move should enquire, as the motel is expected to sell quickly.
9. The business broker, Paul, is Tasmania's premier broker and can provide further information.
10. Purchasers are advised to conduct their own investigations and not rely solely on statements made by the vendor or anyone else on their behalf.
11. All figures quoted are approximate.
