The Stats Sat On The Mat, Got Rid Of The Cat - 2276mf

Euroa, Victoria 3666

SOLD

Key Features

AI generated. Contact seller to confirm.

Occupancy rate over 75%
Recently renovated rooms
Family-run business
Prime land with subdivision potential
Average Daily Rate increased by 29%
Monthly sales value up by 62%

Turnover: Not disclosed
Net Profit: $387,158
Rent/Lease: Lease in place
Stock Value: Not disclosed
Established: Over 6 years

Business Details

Business Category Motel

Euroa. About a two hour drive from Melbourne and a laid back town off the Hume Highway. Urgency is not a word to describe Euroa.

Yet every night Castle Creek Motor Inn produces an occupancy in the order of 75% plus.

It’s in the rooms. They’ve all been made over. Both corporate and domestic tourist ready.

A flagship sitting on prime land - one piece already subdivided off and one ready to go.

With mainstream residential housing in the streets behind.

Castle Creek Motor Inn is a family run business. It’s educating two kids in the private system of Shepparton.

If a well performing family friendly freehold going concern is what you’re after, look no further.

Over six years Average Daily Rate has grown by 29%. Occupancy by 25% and monthly sales value by a whopping 62%. And a net profit crashing the ceiling.

Only took six years to be an overnight success!

Net Profit: $387,158 for 2022/23 (as provided by vendor accountant)

Contact Annette Adams and Reg Partington from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2276MF (quote when enquiring)

Property Code: 4903