Affordable Freehold With Upside - 566mf
Business For Sale Glen Innes, New South Wales 2370
Business Category Motel
FREEHOLD $1,500,000
Description
Affordable Freehold With Upside - 566mf
- 12 room Freehold all ground floor.
- Busy highway position.
- Under cover parking outside every room.
- 1.3 km to city centre.
- Land size 4,000 m2 plus - sufficient unused land for expansion (see previous DA STCA).
- All new hot water systems.
- 70 solar panels, expandable.
- Simplified business operation with upside.
- Potential upside from F&B, IT, reviews and marketing.
Family of three operated freehold motel business with upside opportunities for energetic or experienced operator. This tidy business can run with a team of three or a couple and one casual.
It’s a simple motel operation without pool, food, or alcohol, and includes extra land space onsite to add more units (see previous DA - STCA).
An excellent opportunity for the right owner. Currently showing 14% return.
Net Profit: $128,249 for 2022/23 (as provided by vendor)
Contact Tony Neale from Tourism Brokers for further information or to arrange an inspection.
Property ID: 566MF (quote when enquiring)
Property Code: 4966
- Busy highway position.
- Under cover parking outside every room.
- 1.3 km to city centre.
- Land size 4,000 m2 plus - sufficient unused land for expansion (see previous DA STCA).
- All new hot water systems.
- 70 solar panels, expandable.
- Simplified business operation with upside.
- Potential upside from F&B, IT, reviews and marketing.
Family of three operated freehold motel business with upside opportunities for energetic or experienced operator. This tidy business can run with a team of three or a couple and one casual.
It’s a simple motel operation without pool, food, or alcohol, and includes extra land space onsite to add more units (see previous DA - STCA).
An excellent opportunity for the right owner. Currently showing 14% return.
Net Profit: $128,249 for 2022/23 (as provided by vendor)
Contact Tony Neale from Tourism Brokers for further information or to arrange an inspection.
Property ID: 566MF (quote when enquiring)
Property Code: 4966
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This business is somewhat unique and has no similar competition in this region, category or price bracket.
