Visit this listing at https://www.sbx.com.au/business?id=CB1366

Business Code: CB1366

Key Features: Great location

State: VIC

Location: Prime location in well established East Gippsland town, which is located on main Highway, and close to National Parks and popular coastal destination.

Description

Motel leasehold - member of Golden Chain branding with 14 air conditioned ensuite units providing a good mix of well priced accommodation options - Each unit is equipped with queen sized beds, fridge, tea / coffee making facilities, toaster, microwave, TV, Foxtel and free wifi - Separate residence is 3 bedroom with reverse cycle air conditioning, lounge, kitchen, bathroom and adjoins reception area / office - A 2 car carport is attached - A guest BBQ area is available along with an inground pool - Room service breakfast is available, as well as add-back agreements with local eateries.

Summary

  • Features: Great position - Strong chain brand awareness - Well established - Excellent presentation - Easily run.
  • Potential: Promote room service breakfast availability.
  • Premises: Units are of single storey double brick construction with separate reception area / residence with total area of 3000 sq. mts.
  • Trading Hours: As required.
  • Lease: Current lease commenced Nov. 2011 + 5 + 5 + 5 + 5 years - C.P.I. increases - Bond 1 month.
  • Employees: 2 owners + 2 casuals.
  • Comments: Misc.- 1 - Booking commissions - Misc.- 2 - Foxtel ($135), waste disposal ($25) and cleaning ($50) - Laundry equipped with 2 washing machines and 2 gas heated dryers, with all laundry done in house - HWS supplied by 2 x electric heat sink units - Lease term can be extended by extra 8 years at a premium of $5,000 per year up to 20 years total.

Weekly Summary

Weekly Takings (inc GST)

$6,000

Cost of Goods

$190

Gross Profit

$5,810

Rent

$1,170

Wages

$465

Outgoings

$275

Telephone

$145

Insurance

$200

Electricity

$270

Misc1

$230

Misc2

$210

Total Expenses

$2,965

Net Profit

$2,845

Price

$340,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Motel - Leasehold

Business Code: CB1366
Price: $340,000

Key Features: Great location

State: VIC

Location: Prime location in well established East Gippsland town, which is located on main Highway, and close to National Parks and popular coastal destination.

Description

Motel leasehold - member of Golden Chain branding with 14 air conditioned ensuite units providing a good mix of well priced accommodation options - Each unit is equipped with queen sized beds, fridge, tea / coffee making facilities, toaster, microwave, TV, Foxtel and free wifi - Separate residence is 3 bedroom with reverse cycle air conditioning, lounge, kitchen, bathroom and adjoins reception area / office - A 2 car carport is attached - A guest BBQ area is available along with an inground pool - Room service breakfast is available, as well as add-back agreements with local eateries.

Summary

  • Features: Great position - Strong chain brand awareness - Well established - Excellent presentation - Easily run.
  • Potential: Promote room service breakfast availability.
  • Premises: Units are of single storey double brick construction with separate reception area / residence with total area of 3000 sq. mts.
  • Trading Hours: As required.
  • Lease: Current lease commenced Nov. 2011 + 5 + 5 + 5 + 5 years - C.P.I. increases - Bond 1 month.
  • Employees: 2 owners + 2 casuals.
  • Comments: Misc.- 1 - Booking commissions - Misc.- 2 - Foxtel ($135), waste disposal ($25) and cleaning ($50) - Laundry equipped with 2 washing machines and 2 gas heated dryers, with all laundry done in house - HWS supplied by 2 x electric heat sink units - Lease term can be extended by extra 8 years at a premium of $5,000 per year up to 20 years total.

Weekly Summary

Weekly Takings
(inc GST)

$6,000

Cost of Goods

$190

Gross Profit

$5,810

Rent (ex GST)

$1,170

Wages

$465

Outgoings

$275

Telephone

$145

Insurance

$200

Electricity

$270

Misc1

$230

Misc2

$210

Total Expenses

$2,965

Net Profit

$2,845

Price

$340,000

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The information contained on each individual business for sale has been gathered from the vendor or landlord and/or professional service providers and is believed to be accurate and current as at the date of publication. SBX Business Brokers provides no warranties of any nature are given, intended or implied and prospective purchasers must rely on their own enquiries and should verify the accuracy of information before proceeding.