Under Offer - Coachman Motel & Holiday Units - 1p5831
Business For Sale 51 Chapel Street, Cowes, Victoria 3922
Business Category Motel
Leasehold $1,600,000
Description
Under Offer - Coachman Motel & Holiday Units - 1p5831
CRE Brokers are pleased to offer for private sale the motel business of Coachman Motel and Holiday Units in Cowes on Phillip Island.
The motel is currently owner operated and the owners wish to sell the business and retain the freehold. The business will be secured by a new 25 year lease direct from the owner operator at a very reasonable rent.
This profitable motel business is located within minutes' walk to the Cowes village shops, pub, restaurants and the beach.
Phillip Island is a major holiday destination in Victoria underpinned by the Australian Motorcycle Grand Prix, Penguin Parade, surfing and boating.
The motel offers various accommodation rooms from motel style to self-contained units and had a Gross turnover excluding GST in the financial year ending June 2023 of over $800,000.
The motel is currently owner operated and the owners wish to sell the business and retain the freehold. The business will be secured by a new 25 year lease direct from the owner operator at a very reasonable rent.
This profitable motel business is located within minutes' walk to the Cowes village shops, pub, restaurants and the beach.
Phillip Island is a major holiday destination in Victoria underpinned by the Australian Motorcycle Grand Prix, Penguin Parade, surfing and boating.
The motel offers various accommodation rooms from motel style to self-contained units and had a Gross turnover excluding GST in the financial year ending June 2023 of over $800,000.
Other Features / Notes
A:LEASEHOLD, B:MOTEL, C:VIC - GippslandSimilar Businesses For Sale
This business is somewhat unique and has no similar competition in this region, category or price bracket.
