This classy motel sits in a very quiet location off the busy Pacific Highway, close to many attractions and facilities in the Northern Rivers area of NSW.
The property comprises 26 rooms, a selection of 18 motel / hotel style rooms (occupying the ground and first floor), 4 studios with cooking facilities and courtyards and 3 plush bedroom suites. PLEASE NOTE THAT THE TURNOVER FOR THE FIRST 2 MONTHS OF THE CURRENT FINANCIAL YEAR HAS ALREADY INCREASED BY $20,000.
The motel offers guests great accommodation on a nightly or weekly basis and also serves up breakfast and can cater for large groups for dinner also. A way to expand the business and revenue would be to offer a larger food and drink range including room service, functions and turning the function room into a full time restaurant. THE BUSINESS HAS A FULL LIQUOR LICENCE; This presents an excellent opportunity for extra potential income streams.
The motel comes with a pool, BBQ area, guest laundry facilities and outdoor entertainment area. There is also convenient under-cover parking for guests and staff alike.
Currently the business is operated using a staff level of four casual cleaners. The rest of the duties are done by the current owners. Staff levels are flexible depending on how much or as little the new owners would like to get involved. It would be the perfect family business.
The motel enjoys good occupancy rates with a high level of passing trade as well as corporate guests from RMS, government employees and the local NSW Health District staff.
This lucrative business is the perfect choice for the relocating entrepreneur. It provides a very good work / life balance in a truly stunning and lovely area.
Leasehold Sell Price $739,000
ABM ID: 1823
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