Well presented, simple operation 23 room leasehold motel
PORT AUGUSTA WEST, SA, SA
Description
Well presented, simple operation 23 room leasehold motel Simple operation with no restaurant and includes a 3 bedroom upstairs residence, good profits and main road location makes this a great business opportunity well suited for an owner-operator couple. 23 rooms each with air-conditioned, free WiFi, and a private bathroom. All units are equipped with a microwave, toaster, kettle, shower, free toiletries and a wardrobe. With 25 years remaining on the lease, other motel facilities include a paved BBQ area, a range of room options, guest laundry, and ample off-street parking. Only 4km from the Port Augusta Airport, and the convenience of supermarket, hotel and service station within close proximity to the motel. 25 years remaining on lease 23 well presented rooms Three bedroom manager's residence 320km north of Adelaide Perfect for owner operator couple Simple operation no resturaunt Opportunity to increase revenue by reopening dining room or convert to a coffee shop Strong regional centre Good mix of corporate and leisure travellers Inspections by appointment only
Financials
- Asking price
- $795,000
- Net profit
- $270,180
- Revenue
- —
- Profit multiple
- 2.94x
- Revenue multiple
- —
Agent
Kelli Crouch, 312872 RLA
