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Motel - Leasehold - Great Location

Location:Gippsland, Victoria

Category:Hotel Motel B and B

Asking Price:$340,000

340000

  • Sales revenue : Undisclosed
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Motel   -    Leasehold - Great Location

Business description

Motel - Leasehold - Victoria East - Agent SBX Code Number: CB1366

Motel leasehold - member of Golden Chain branding with 14 air conditioned ensuite units providing a good mix of well priced accommodation options - Each unit is equipped with queen sized beds, fridge, tea / coffee making facilities, toaster, microwave, TV, Foxtel and free wifi - Separate residence is 3 bedroom with reverse cycle air conditioning, lounge, kitchen, bathroom and adjoins reception area / office - A 2 car carport is attached - A guest BBQ area is available along with an inground pool - Room service breakfast is available, as well as add-back agreements with local eateries.

Potential
Promote room service breakfast availability.

Features
Great position - Strong chain brand awareness - Well established - Excellent presentation - Easily run.

Premises
Units are of single storey double brick construction with separate reception area / residence with total area of 3000 sq. mts.

Location
Prime location in well established East Gippsland town, which is located on main Highway, and close to National Parks and popular coastal destination.

Trading Hours
As required.

Lease
Current lease commenced Nov. 2011 + 5 + 5 + 5 + 5 years - C.P.I. increases - Bond 1 month.

Employees
2 owners + 2 casuals.

Comments
Misc.- 1 - Booking commissions - Misc.- 2 - Foxtel ($135), waste disposal ($25) and cleaning ($50) - Laundry equipped with 2 washing machines and 2 gas heated dryers, with all laundry done in house - HWS supplied by 2 x electric heat sink units - Lease term can be extended by extra 8 years at a premium of $5,000 per year up to 20 years total.

Figures
Weekly Sales $6000
Rent (ex GST) $1170
Wages $465
Profit $2845


Agent SBX Code Number: CB1366 - SBX Business Brokers

Other Information

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