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.
Motel first opened on Christmas day in 1950 - Needs minor modernisation. - Should commence breakfast. - Add a website and an E tech booking system.
Regular client base. - Accommodates governing authorities and visiting personnel regularly.
This business has an area of approx..1706 sq.mts.
Great corner location only 3 minutes from town centre and river.
7 days - 8 a.m.- 5 p.m.
Owner + 3 casuals on call as required
This business was showing profits in excess of $400,000 per year and there is potential to rebuild the client base to support this.
Weekly Sales $1859
Rent (ex GST) $0
Agent SBX Code Number: TQN1005 - SBX Business Brokers
- Last Updated May 2017
- Business Category Food/Hospitality
- Business Sub Category Takeaway Food
- Expenses $970
- Business Selling Price $1500000
- Trading Hours 7 days - 8 a.m.- 5 p.m.
Suite 1, Level 2, 2 - 4 Pacific Highway,
St Leonards, NSW 2065