Ulverstone, Tasmania

$349,000 offers over

Property Description

Tasmanian Motor Inn, Excellent Business, Property and Opportunity, Offers over $349,000

Yes this very profitable, low entry cost leasehold 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.

There is plenty of upside here to further increase the turnover and profitability, subsequently the value of your business.

Offering a 10 year initial term with 4 x 5 year options, with a fair and reasonable rent, being only 14% of projected 2020 turnover.

This motel will not be on the market long, please only serious buyers who are ready to move now.

Contact Tasmania's premier Business Broker pauls@tasbps.com.au or Donna Kremmer donnak@tasbps.com.au

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.

Property Code: 233

Property Summary

Motel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Marketing Agent


Marketing Agency

Tasmanian Business & Property Sales

Tasmanian Business & Property Sales

Tasmanian Business & Property Sales

Paul Scott
Tasmanian Business & Property Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Ulverstone, Tasmania 7315 Exact map location not provided

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