Presenting to market the opportunity to purchase the biggest motel in town, this beautifully-presented motel features 41 units, a restaurant/conference centre and an in-ground swimming pool. The incoming operator can be assured of the motel's solid trading with a Net profit of $718,562 for the 2020/2021 Financial Year with an increase to $734,015 for the 2021/2022 Financial Year.
The motel is ideally located in Forbes which is arguably the fastest-growing district in NSW. This location offers huge potential upside with the district experiencing huge residential, commercial and industrial development ensuring continued high occupancy for the business.
The property is currently being run under management who are happy to stay on to assist the new owner if required.
- Fully renovated deluxe rooms for a comfortable stay
- Strong retention of staff
- Run under management who are willing to continue
- Extremely well-maintained with all rooms upgraded
- Continued growth in town with land subdivision commenced
- Freehold of the largest and most centrally located motel in town
- Located in the centre of town adjacent to Club Forbes
- Well-presented property with 41 rooms offering a variety of sizes
- Net Profit $718,562 FY20/21 and $734,015 FY20/21
- Property inspections are by appointment only
