Central West NSW
NSW
$867,500
Motel - Freehold - TareePrice: $1,500,000Net Profit: $6,050 |
Visit this listing at https://www.sbx.com.au/business?id=TQN1005 |
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Business Code: TQN1005 Key Features: Motel - Freehold Taree Nsw. - Potential Plus - 21 Rooms - Profit $6050.00 pw State: NSW Suburb: Taree, 2430 Location: Great corner location only 3 minutes from town centre and river. DescriptionFreehold 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
Weekly SummaryWeekly Takings (inc GST)$8,150Cost of Goods$250Gross Profit$7,900Wages$1,000Outgoings$200Telephone$50Insurance$200Electricity$400Total Expenses$1,850Estimated Stock (Additional)$6Net Profit$6,050Price$1,500,000 |
Contact SBXNSW (02) 9439 4403 QLD / VIC 1300 366 655 Email sales@sbx.com.au |
Motel - Freehold - Taree
Business Code: TQN1005
Price: $1,500,000
+ Estimated SAV $6
Key Features: Motel - Freehold Taree Nsw. - Potential Plus - 21 Rooms - Profit $6050.00 pw
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
- Sale Reason: Retirement
- Comments: Financials have been assessed from information provided by vendor.
Disclaimer: Please note that the business information provided may be affected by COVID-19. Please speak to your broker for more information.
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
+ Estimated SAV $6
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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.
