Fully Managed Motel Business On A Bustling Highway With Substantial Profits $599,000 (17049) For Sale

- Categories: Accommodation/Tourism
Currently on offer is a highly profitable motel business on one of Melbourne's busiest and major arterial roads. It has been successfully owned and operated by the current owner since 2009, and it has established itself as a preferred choice for locals and travellers seeking accommodation in the area. It boasts an excellent occupancy rate of over 90% without significant advertising efforts. This is a testament to the excellent reputation and high level of service it provides to its guests. Furthermore, the streamlined operations and fully managed management structure offer the incoming owner a turnkey opportunity with minimal involvement required.*Taking $13,461 PW on average*1 FT | 4 PT*Fully Managed*Long lease agreement*P&E worth $200,000*Licensed restaurant*Ease of operation*Fully ManagedSanjay Agrawal and the team at LINK Melbourne are thrilled to present a thriving lodging business in the market.An established motel that presents a unique opportunity for savvy investors seeking a profitable and established business in a prime location. It is situated on one of Melbourne's busiest roads, providing excellent exposure and accessibility.It offers affordable accommodation compared to most Melbourne hotels, making it an attractive option for budget-conscious travellers seeking comfortable and convenient lodging. The location is highly accessible, with easy access to public transportation and major tourist attractions.One of the standout features of the motel is its licensed restaurant, with a seating capacity of over 40 guests. It is subleased for rent, which adds another layer of profitability to the business. Additionally, it boasts a consistent occupancy rate of over 90%, with guests ranging from government and charity organizations to tourists and business travellers.With minimal staffing requirements, it offers an excellent work-life balance for the incoming owner. The streamlined operations and proven profitability make it an ideal opportunity for those seeking to own and operate a successful business in the hospitality industry.