Business for sale in NSW , NSW Mid North Coast
 |
|
| Broker Details: | Broadway Business Brokers |
Motel freehold with 3 options available
Advert Id : 18223
Sellers Ref: (M003)
Location: NSW
- NSW Mid North Coast
Category: Motels for Sale
Financial summary
Asking Price: 2,200,000.00
Sales revenue: 275,000.00
Net profit: 210,000.00
Furniture/Fixtures value: Undisclosed
Inventory/Stock value: Undisclosed
Sales revenue: 275,000.00
Net profit: 210,000.00
Furniture/Fixtures value: Undisclosed
Inventory/Stock value: Undisclosed
Business description
MOTEL FREEHOLD MID NORTH COAST NSW
Broadway Business Brokers is proud to present this magnificent 9 room freehold motel located close to beaches, shops, clubs and restaurants. The motel has a current DA in place for an additional 16 rooms to increase income and real property value. The owner has agreed to sell property adjoining the motel as a whole and not individually. All are on separate titles.
Three options are available for the right purchases:
Option 1.
Motel freehold plus adjoining self contained holiday home.
Option 2.
Motel freehold plus adjoining three self contained cabins.
Option 3.
Motel freehold plus home and cabins.
The motel has a fully operational licenced restaurant seating up to 120 persons both indoors and outdoors. The restaurant is currently under an informal lease agreement.
Boasting an occupancy rate of 70% the motel is run under management, who in turn will remain on for a new owner should they be required. The motel is located in one of the states most popular surfing destinations.
All financial information and DA plans will be provided to qualified buyers. The motel is currently showing a $249,500 net return.
General Information
Year established: long time established
Employees: two
Employees: two
Other Information
Realocatable: NoHome Based: No
Franchise Terms: N/A
Real Estate: 3 freehold options available. Motel on it\\\\\\\'s own, motel plus adjoining holiday home or motel plus adjoining holiday cabins.
Competition: Leading motel in area
Expansion: YES.. D.A approved for additional 16 rooms. Plans available to qualified buyers.
Support Traning: Available
Reason Selling: Other business interests.
Lease Terms: n/a