Visit this listing at https://www.sbx.com.au/business?id=TQN1005

Business Code: TQN1005

Key Features: Taree Nsw. - Potential Plus - 21 Rooms

State: NSW

Suburb: Taree, 2430

Location: Great corner location only 3 minutes from town centre and river.

Description

Freehold motel with 80% average occupancy. - 21 rooms currently in use, with three other rooms used by owner as live-in and storage. - 9 rooms are permanently let with a weekly tariff of $350. - 3 bedroom flat let at $500 p.w. - Other rooms are available nightly for around $75 p.p - Commercial laundry and great kitchen - Colour bond fence surrounds property, with enough parking space for clients at rear of building. - Building could use a paint externally - Owner has a 4 bedroom house for sale next door separate to this transaction let at $500 p.w.

Summary

  • Features: Regular client base. - Accommodates governing authorities and visiting personnel regularly.
  • Potential: Motel first opened on Christmas day in 1950 - Needs minor modernisation. - Should commence breakfast. -Add a website and an E tech booking system.
  • Premises: This business has an area of approx..1706 sq.mts.
  • Trading Hours: 7 days - 8 a.m.- 5 p.m.
  • Lease: Freehold
  • Employees: Owner + 3 casuals on call as required
  • Comments: Financials have been assessed from information provided by vendor.

Weekly Summary

Weekly Takings (inc GST)

$8,150

Cost of Goods

$250

Gross Profit

$7,900

Wages

$1,000

Outgoings

$200

Telephone

$50

Insurance

$200

Electricity

$400

Total Expenses

$1,850

Estimated Stock (Additional)

$6

Net Profit

$6,050

Price

$1,500,000

Contact SBX

NSW (02) 9439 4403

QLD / VIC 1300 366 655

Email sales@sbx.com.au

Motel - Freehold

Business Code: TQN1005
Price: $1,500,000

Key Features: Taree Nsw. - Potential Plus - 21 Rooms

State: NSW

Suburb: Taree, 2430

Location: Great corner location only 3 minutes from town centre and river.

Description

Freehold motel with 80% average occupancy. - 21 rooms currently in use, with three other rooms used by owner as live-in and storage. - 9 rooms are permanently let with a weekly tariff of $350. - 3 bedroom flat let at $500 p.w. - Other rooms are available nightly for around $75 p.p - Commercial laundry and great kitchen - Colour bond fence surrounds property, with enough parking space for clients at rear of building. - Building could use a paint externally - Owner has a 4 bedroom house for sale next door separate to this transaction let at $500 p.w.

Summary

  • Features: Regular client base. - Accommodates governing authorities and visiting personnel regularly.
  • Potential: Motel first opened on Christmas day in 1950 - Needs minor modernisation. - Should commence breakfast. -Add a website and an E tech booking system.
  • Premises: This business has an area of approx..1706 sq.mts.
  • Trading Hours: 7 days - 8 a.m.- 5 p.m.
  • Lease: Freehold
  • Employees: Owner + 3 casuals on call as required
  • Comments: Financials have been assessed from information provided by vendor.

Weekly Summary

Weekly Takings
(inc GST)

$8,150

Cost of Goods

$250

Gross Profit

$7,900

Wages

$1,000

Outgoings

$200

Telephone

$50

Insurance

$200

Electricity

$400

Total Expenses

$1,850

Estimated Stock (Additional)

$6

Net Profit

$6,050

Price

$1,500,000

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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.