Business Sold Orbost, Victoria 3888
Business Category Motel
SOLD
Description
By Motel Room, One Of The Top Regional Earners - 2468ml
Orbost Motel is turning over $700,000 a year. That’s almost $60,000 per room!
With average occupancy over 70%, average daily rate is $160.
Gotta being doing something right!
Even the pandemic brought only limited challenges.
This 15 room motel was fully upgraded just ten years ago. Our vendors have not only maintained the property in tip top condition but added to the amenity. It’s the flagship for high quality accommodation east of Lakes Entrance.
This is a business that could set you up for life! Look at that net profit and multiply by five years.
THERE FOR A GOOD TIME - NOT A LONG TIME.
Net Profit $333,754 FOR 2021/22
Contact Annette Adams and Reg Partington from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2468ML (quote when enquiring)
Location: Explore the heart of Snowy River country from Orbost, a small East Gippsland town. It is an important service centre for what has developed into a major cattle and agricultural district and is also surrounded by coastal rainforests and hinterlands. Orbost's commercial centre is along Nicholson Street and includes two supermarkets, a selection of shops and a few hotels. At the northern end of the commercial centre, at the Salisbury Street roundabout, is a memorial clocktower. As Nicholson Street heads northwards, it breaks out into a wide boulevard with lawns and trees along its central strip. East Gippsland is the major geographic and economic region in eastern Victoria. It covers more than 21,000 square kilometres and stretches from Bairnsdale to Mallacoota on the VIC/NSW border. With its affordable property prices, reliable and stable workforce, excellent infrastructure and clean, healthy and safe environment, East Gippsland has a growing population of 42,000 people, who enjoy its stunning natural environment, mild climate and easy lifestyle.
Property Code: 4431
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This business is somewhat unique and has no similar competition in this region, category or price bracket.