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#Business ID: 21833

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24 room motel in Gippsland for quick sale

Business Location: Phillip Island and Gippsland, Victoria, Australia

Asking Price: AU$ 500k to 1m Revenue: AU$ 500k to 1m Cash Flow: AU$ 500k to 1m

[Furniture / Fixtures and Inventory / Stock included]

Business Summary

Well known accommodation business located 160 km from the Melbourne CBD and within walking distance to regional City Center, Tennis Complex, Sports Grounds, Restaurants, Bars, Function Center, Performing Art Center

Double story motel with 24 rooms, separate two bed room Manager residence and inside car park

Full commercial kitchen with 50 seating restaurant/function hall and bar as well, but due to the health reasons the vendor has not operated in last 3 years

Long secure 5x5x5x5 year lease agreement with weekly rent only $2788+GST

Currently accommodation business is running at over 75% occupancy rate and ideal business for husband and wife team or investor

Adjusted net Profit for 2019 financial year $245,000

Selling due to the retirement and vendor is only expecting $635,000 for a quick sale

Contact: Dilun 0426 291 868

Property Details

Property Type:

Lease

Other Business Details

Business Location:

Gippsland region of Victoria

Business Operation Details

Support & Training:

vendor happy to train new owner

Miscellaneous Details

Reason For Selling:

vendor retiring

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