For Sale $1,500,000
SBX Business Brokers

View phone number

SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Food/Hospitality for sale

NSW

For Sale $1,500,000

Business Details

Motel - Freehold - North Coast N.S.W.

\nMotel - Freehold - North Coast N.S.W. - Agent SBX Code Number: TQN1005

Freehold motel with 80% average occupancy. - 21 rooms currently in use, with three other rooms used by owner as live-in and storage. - 7 rooms are permanently let with a weekly tariff between $250 - $300. - Other rooms are available nightly for around $75 p.p - Commercial laundry and great kitchen - Colour bond fence surrounds property, with enough parking space for clients at rear of building. - Building could use a paint externally - Owner has a 4 bedroom house for sale next door separate to this transaction.

Potential
Motel first opened on Christmas day in 1950 - Needs minor modernisation. - Should commence breakfast. - Add a website and an E tech booking system.

Features
Regular client base. - Accommodates governing authorities and visiting personnel regularly.

Premises
This business has an area of approx..1706 sq.mts.

Location
Great corner location only 3 minutes from town centre and river.

Trading Hours
7 days - 8 a.m.- 5 p.m.

Lease
Freehold

Employees
Owner + 3 casuals on call as required

Comments
This business was showing profits in excess of $400,000 per year and there is potential to rebuild the client base to support this.

Figures
Weekly Sales $1859
Rent (ex GST) $0
Wages $0
Profit $889

Agent SBX Code Number: TQN1005 - SBX Business Brokers

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Takeaway Food
  • Business Lease: $26,000.00
  • Attached Dwelling: YES
  • Copy Of Title: 1
  • Expenses: $10000
  • Earnings Before Interest Tax: $1100000
  • Business Selling Price: $300000
  • Business Property Price: $300000
  • Property Selling Price: 300000
  • Trading Hours: 9am-5pm mon-fri.
  • Franchise Agreement Fees: NO
 1 of 1 photos 

Enquire

SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Phone: 02 9439 4403
Fax: 02 9439 5944

SBX Business Brokers
Phone: 02 9439 4403

Enquire about this business:

I would like to:

Tools