Melbourne East
VIC
$99,000
Motel - LeaseholdPrice: $340,000Net Profit: $2,845 |
Visit this listing at https://www.sbx.com.au/business?id=CB1366 |
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Business Code: CB1366 Key Features: Motel - Leasehold - Nett $2845 pw - East Gippsland Area. 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. DescriptionMotel 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
Weekly SummaryWeekly Takings (inc GST)$6,000Cost of Goods$190Gross Profit$5,810Rent$1,170Wages$465Outgoings$275Telephone$145Insurance$200Electricity$270Misc1$230Misc2$210Total Expenses$2,965Net Profit$2,845Price$340,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Motel - Leasehold
Business Code: CB1366
Price: $340,000
Key Features: Motel - Leasehold - Nett $2845 pw - East Gippsland Area.
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.
- Sale Reason: Time for a change.
- 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.
Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.
Weekly Summary
Figures include GST unless stated otherwise
Weekly Takings
$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.
