Motel business for sale in Tamworth
- Tamworth NSW 2340
- LEASEHOLD $375,000
1265ml - Work From Home Within A Prime Leasehold Business In Tamworth
- Well located corner block on main road entry into town.
- 21 well-appointed queens (8), twins (9) and family (4) motel suites. 41 63 m2.
- Positioned for a husband, wife, and family operation.
- Fantastic residence with open plan living, dining, three-bedrooms and main bathroom.
- Large commercial kitchen and preparation area for breakfasts and evening meals if desired.
- Close to pubs, clubs, restaurants, and major shopping centre.
- "Normal" trading periods from 2016/17 through to 2018/19 the property achieved an average of $570k (high of $600k plus) turnover, with $210k plus net operating profit (high of $240k plus).
- The past 6 months of trading certainly returning to normal trade.
- Energy uplift grant application was approved enabling $20,000 for new curtains, sheers, tracks, and pelmets.
- Refresh and Renew grant pending approval to be used to replace all complete beds (bases and mattress) throughout.
A two-fold opportunity to begin or continue a career in the accommodation sector. One predicted for unprecedented growth domestically.
Notwithstanding, the owners have priced the property to sell due to personal circumstance. There-by creating a chance of a seamless transition for an astute purchaser, in an operationally well-constructed property, strategically located to capture road traffic.
Turnover: $463,864 for 2020-21
Contact James Carrick from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1265ML (quote when enquiring)
Property Code: 3833