Business ID: BS------
Motel in Great Seaside Location - Working Couple can generate income of $150K + Merimbula, NSW
A price drop to $220,000 and Turnover of $551,000 - A fabulous opportunity to take over a successful motel with a seperate apartment complex.
Located right in the centre of town this is perfect for coach tours as well with off street parking for buses and catering facilities. Owner has lifted income from $361K in 2015 to $551K in 2019 as a sole operator.
Earning the owner after expenses $130K pa with casual staff costing $82,000 pa as well. Perfectly set up for a working couple who want to reduce outgoings and make at least another $50K to $80K pa.
-Motel has 20 Deluxe, Balcony and Garden view rooms with bathroom, kitchenettes and car spaces
-Includes opportunity to continue to managed 6 x 3 level apartments to accommodate large coach groups (an important part of profit to the motel business) with a lot more potential
-Managers residence is a 3 bedroom, 2 bathroom with lock-up carport and private courtyard
-Swimming Pool - Solar heated, Salt water with large Sundeck - Families and groups love this feature
-Function Room - Catering for 70 plus commercial kitchen for group tours as part of managers residence
-Onsite Laundry (2 x 10 kg washers and super large commercial dryer)
-Excellent Reputation - Many 4 and 5 star reviews across multiple sites, relationships with neighbouring businesses and Tourist Information Centre
-Wide range of guests including Tour/Coach operators as only motel with direct access to interstate coach stop, car clubs, holiday makers, workers and families
-Easy to use 24/7 Motel out of hours booking system - a fully automated guest check in machine.
-Current term of lease until April 2021, with 3 x 5 year options available.
The current sole operator since 2014 has worked hard to improve the occupancy rate to 61% in the motel with a lot more potential left in the apartments.
The owner wants to return to Melbourne for family reasons. This provides a great opportunity for a couple to take the business to the next level and optimising the booking opportunities. The owner will provide adequate onsite training and ongoing telephone support for an adequate period of time.
The business is ideal for an energetic fun loving couple who enjoy people and want to create a great holiday experience for their guests and a lifestyle opportunity for themselves. This motel has a magnificent location in the centre of town where tourists, families and groups want to be. Just a short walk to clubs, shops and restaurants.
Merimbula also has an airport with direct daily flights to Sydney and Melbourne.
Asking Price: Now all Offers will be considered at $220,000 +