Wagga Wagga, New South Wales
VERY POPULAR BEST WESTERN IN WAGGA WAGGA, HUGE CORPORATE BUSINESS AND GROWING - 1403ML
SOLD
Business Description
- Reduced by $95,000 Leasehold NOW $1,100,000.
- Increasing business month on month - OUTSTANDING RESULTS FOR FIRST 4 MONTHS OF 2021.
- Multi-million dollar upgrades in the area completed and more underway.
- Huge rains have brought back the reps and the farmers.
- Diverse regional city with huge upswing in business being experienced.
- Real proven money-making opportunity that is a safe, reliable business.
- Full training provided to any purchaser.
- Could easily be run under management.
- B&B Motel with additional serviced apartments. Chargeback facilities available with good reliable staff in place.
- Strong Lease / Solid profile location with fantastic exposure.
- Reliable Income wtih strong franchise support and training.
- Fantastic Motel and serviced Apartment Lease.
- Exceptional Landlords - Modern low maintenance property.
- In the medical precinct of Wagga Wagga and is part of a booming growth area with reliable business.
Popular and profitable leasehold in a beautiful setting has 28 units (all ground floor) with a mixture of motel units and villas, seven garages, spacious grounds and a swimming pool. The private Manager's residence is also very spacious, consisting of three bedrooms with a huge kitchen and comfortable year-round climate control, connected to the large back office and reception areas. All IT and Wi-Fi are the latest.
The business is growing using modern online marketing strategies.
This well-designed motor inn benefits year-round from the large growing economy of Wagga Wagga, the Sturt Hwy, the Olympic Hwy, famous Best Western branding and support, plus the large medical precinct rapidly growing around Wagga's two hospitals - the new Wagga Base Hospital and Calvary Private which serve a large area of the Riverina. Medical treatment and expenditure are year-round and essential.
After 10 years, the current owners urgently need to be closer to family in Qld and Northern NSW.
This is an excellent opportunity to own the Best Western Ambassador Motor Inn with its large and loyal guest base, great staff and location with growing turnover in a secure diversified growth area.
Net Profit $238,355 for 2019/20 (COVID-19 impact) Net is much higher now
Turnover: $949,000 for 2021/22 and now on track for $1,250,000 for 2022 calendar year
This motel has prove it's a great survivor through COVID, and is now thriving again, and is way below market value at this low price.
Copy and paste this link to see aerial drone video of this motor inn: https://www.youtube.com/watch?v=CqieS6Iu984
Copy and paste this link to see a day and night slideshow of this motor inn: https://www.youtube.com/watch?v=qlxWeTelzqs&feature=youtu.be
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1403ML (quote when enquiring)
Location: Wagga Wagga is a vibrant regional City nestled on the banks of the magnificent Murrumbidgee River. Wagga Wagga takes its place as the capital of the Riverina region providing an exciting and yet relaxed lifestyle for residents and visitors. With over 60,000 people living in Wagga, it has the lifestyle and facilities to suit everyone. The surrounding area consists of properties dedicated to wheat-growing, dairying, mixed farming and fat lambs. It possesses one of the largest stockyards in Australia, as well as the Livestock Marketing Centre. With the Charles Sturt University and the Riverina Institute of TAFE, Wagga is an important regional education centre and, with the Kapooka Army Recruit Training Base and a Royal Australian Air Force base, it is also regarded as one of the country's major defence force establishments.
Property Code: 1974
Business Summary
Key Investment Insights
AI generated. Confirm details with the seller.
1. The business is experiencing strong growth, with outstanding results in the first four months of 2021.
2. The area has recently undergone multi-million dollar upgrades, with more in progress, attracting more business and visitors.
3. The recent heavy rains have brought back the reps and farmers, providing a boost to the local economy.
4. Wagga Wagga is a diverse regional city, experiencing a significant upswing in business.
5. The business has a proven track record of profitability and is considered a safe and reliable investment.
6. Full training will be provided to the purchaser, making it an ideal opportunity for first-time business owners.
7. The business can easily be run under management, providing a hands-off investment opportunity.
8. The property includes a mix of motel units and serviced apartments, with chargeback facilities available and reliable staff in place.
9. The location of the business is in a strong lease and has fantastic exposure, making it an attractive investment.
10. The business benefits from strong franchise support and training, providing a reliable source of income.
11. The property is modern and low maintenance, with exceptional landlords and a strong lease.
12. The business is located in the medical precinct of Wagga Wagga, a booming growth area with reliable business.
13. The property includes a private Manager's residence with spacious living areas and modern amenities.
14. The business is growing through modern online marketing strategies, ensuring continued success.
15. The current owners are selling due to family reasons, providing an excellent opportunity for a new owner to take over a successful business.
16. The business has proven to be a great survivor through COVID-19 and is now thriving again.
17. The property is priced below market value, making it an attractive investment opportunity.
18. Aerial drone and day/night slideshow videos are available for potential buyers to view the property.
19. Wagga Wagga is a vibrant regional city with a relaxed lifestyle, making it an attractive place to live
