LEASHOLD OPPORTUNITY IN ARMIDALE WITH HIGH OCCUPANCY&GREAT ROI | Resort Brokers ID : LH007913
$780,000
Motel (Leasehold) hospitality, Armidale NSW
This leasehold opportunity is poised for a market repositioning having already a strong clientele base built in its 50-years existence, the motel offers one of the best value options in Armidale with tariffs under the average market value.
This motel consistently generates revenue and maintains high occupancy rates, boasting an average of 85% in the last financial year and a turnover of $670,000. These results meet the pre-COVID standards for the motel. Genuine purchasers will recognise the excellent value in this business, as it provides a solid foundation to build upon the already outstanding performance of the motel. This property appeals to a wide range of buyer profiles, from those looking to enter the industry to experienced and astute operators who can enhance business efficiencies.
Comprising 20 spacious motel rooms, a two-bedroom managers residence, function room and commercial kitchen, the Alluna Motel presents an outstanding opportunity in the heart of Armidale.
Don't miss the opportunity to enjoy the current spoils of this motel and the potential in upside moving into the future.
- Consistent revenue stream
- Potential for reposition in market
- Ease of running in day-to-day tasks
- Great staff, that are autonomous in their roles
- High occupancy and repeat business
- Strong forward bookings
- Unique opportunity to work for yourself and break into the lucrative motel industry
- Property inspections are byappointment only
Date updated: 28 Apr 2024 23:00:04
More Information
- Total Purchase Price: $780,000
- Net Income: $ 228,784
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?