280ML - Leasehold with Excellent 35 % ROI
Motivated vendors have realistically priced their Northern NSW lease for sale.
No stamp duty to pay on this going concern business
Landlord is easy to get along with and fair
22 year lease remains from Dec 2018
Consistent profits with further growth opportunity
2 bedroom ground floor owners residence with access to reception
Easy to maintain grounds, very minimal work
30 rooms of varying configurations all of a 3.5 star standard
Solid performing country town
Only 1.5 hours to the Gold Coast and 30 minutes to the beach
This well maintained 30 room 3.5 star motel has proven to be a consistent earner for the current owners. The onsite restaurant could be used as a breakfast room or full service operation. Currently it is fully staffed and only caters to onsite guests or small group bookings. You can decide how this is done or continue with the current staffing arrangements. Dedicated long term cleaning staff and relief management in place. Current owners do no regular cleaning (maybe strip beds if very busy).
This is an ideal couple operation or with a bit of re-configuring could suit a larger family group. This is a wonderful opportunity to buy a good business and secure your future. Call now for further information as motels of this standard and return are rare this close to the coast.
Net Profit $193,958 for 2016/17
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 280ML (quote when enquiring)
Location: Set on the banks of the Richmond River, with a population of approximately 12,000, Casino is a thriving rural centre that’s renowned for its quality beef production, timber and agriculture and as the rail and freight hub of the far north coast. Numerous parks and gardens make Casino a picturesque town and the natural beauty of the Richmond Valley is home to many National Parks and a huge variety of bird life. It is 726 km north of Sydney and 228 km south of Brisbane.
With its wide open streets, Art Deco buildings, relaxed, friendly community and exciting potential economic business strategies, Casino is becoming a sought–after place to live, work and play. Casino has a fully-fledged hospital, three High Schools, seven Primary Schools, several Pre-Schools and day care centres and two Specialty Schools. Adult education is serviced by ACE and TAFE in Casino and Southern Cross University is a 30 minute drive away.
Sporting facilities are excellent with golf, cricket, rugby league, rugby union, football, tennis, hockey, basketball, baseball all available. There is a 50 metre swimming and two gyms.
Property Code: 2798
Motel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -