West Wyalong, New South Wales
1467ML - 33% Return and Growing
SOLD
Business Description
There are a few core principles when running a successful motel and the most important principle is that guests like where they stay. This motel is Rated No 3 on Trip Advisor, a great platform to continue to grow your business.
- 24 spacious ground floor rooms
- Prominent corner position at the intersection of the Newell and Mid Western Highways
- Large recently resealed carpark, also suitable for larger vehicles and trailers
- Diverse customer base from travelling tourists, commercial representatives, trades, agribusiness and gold mining
- Consistent occupancy for the last 3 years around 70%
- On site Restaurant and Function Centre used for training, business meetings and weddings.
Here's your chance to become part of a well-regarded rural community and take this motel to the next level.
Net Profit $191,159 for 2017/18
Contact Peter McHugh from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1467ML (quote when enquiring)
Location: Wyalong is located 4.4 kms from West Wyalong and is a historic town from the late gold rush years of the 1890's. Wyalong's residents enjoy wide streets, large blocks, and strong community spirit contributing to a village atmosphere. There are a number of businesses in Wyalong, which provide essential services as well as those little extras! Wyalong is an attractive country town which many hundreds of thousands of people pass through each year. It is also rich in the history and romance of the past.
West Wyalong is the administrative centre and largest town in the Bland Shire, which forms part of the Central West region of NSW. Its position on the Newell Highway, 139 kms from Parkes, makes it an important stop for travellers. The area is a successful agricultural centre, producing most of the State's cereal crops and it is once again a major centre of gold mining, with many hundreds of millions invested in a new gold mine north of the town.
Property Code: 2856
Business Summary
Key Investment Insights
1. The motel is currently rated No. 3 on Trip Advisor, indicating a high level of guest satisfaction and potential for continued growth.
2. The motel has 24 spacious ground floor rooms, making it easily accessible for guests.
3. Its prominent corner position at the intersection of two major highways (Newell and Mid Western) provides excellent exposure and easy access for guests.
4. The large recently resealed carpark is suitable for larger vehicles and trailers, making it an attractive option for commercial and trade guests.
5. The motel has a diverse customer base, including tourists, commercial representatives, tradespeople, agribusiness workers, and gold miners.
6. The consistent occupancy rate of around 70% over the past 3 years indicates a stable and profitable business.
7. The on-site restaurant and function centre provide additional revenue streams and potential for growth through hosting events such as weddings and business meetings.
8. Wyalong is a historic town with a strong community spirit, making it an attractive location for potential buyers to become part of a rural community.
9. The net profit for 2017/18 was $191,159, indicating a strong return on investment for potential buyers.
10. The motel is located in West Wyalong, which is a major stop for travellers on the Newell Highway and a successful agricultural and gold mining centre.
