Whittlesea, Victoria
A NEW MOTEL THAT TICKS ALL THE BOXES - 2870ML
LEASEHOLD $1,350,000
Business Description
Just over three years old, nothing to spend on this new motel, the only one in town within 20 kms.
- Location: Whittlesea, VIC - approx. 50kmS from Melbourne, in the green wedge area, abutting urban growth areas.
- Offering: Leasehold motel business for sale.
- Rooms: 20 well-appointed guest rooms.
- Lease: 25.5 years remaining - long, secure lease.
- Position: High-visibility, main road location.
- Occupancy: Strong and steady year-round bookings.
- Parking: Ample onsite parking, including space for larger vehicles.
- Growth Potential: Opportunity to boost revenue with targeted marketing; Potential to partner with local attractions.
- Market: Popular with corporate guests, families, tradies and weekend tourists. Growing demand driven by local development and tourism with music festivals, Rodeo, Agricultural Show, Flower Show and FunFields, wineries and horse riding nearby.
- Opportunity: Ideal for experienced operators or newcomers to the motel industry.
Confidential inspections and financials available on request.
Net Profit: $308,539 for 2023/24 (as provided by vendor)
Contact Andrew from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2870ML (quote when enquiring)
Property Code: 5196
Business Summary
Key Investment Insights
1. The motel is located in a high-growth area, with potential for further development and increasing demand for accommodation.
2. The business is well-established and has been in operation for over three years, with no additional investment required.
3. The property has a long and secure lease, providing stability for the business.
4. The motel has 20 well-appointed guest rooms, providing a range of accommodation options for guests.
5. The high-visibility, main road location ensures a steady flow of guests and potential for increased exposure.
6. The business has a strong occupancy rate year-round, providing a steady stream of income.
7. The property has ample onsite parking, including space for larger vehicles, making it attractive to a variety of guests.
8. There is potential for growth through targeted marketing and partnerships with local attractions.
9. The motel caters to a diverse range of guests, including corporate clients, families, tradies, and tourists.
10. The business presents an ideal opportunity for experienced operators or newcomers to the motel industry.
11. Confidential inspections and financials are available upon request.
12. The projected net profit for the upcoming financial year is $308,539, providing a strong return on investment.
13. The property is listed with Tourism Brokers and has a designated property ID for easy reference.
14. The property code for this listing is 5196.
