TQN1005 - Business For Sale - Accommodation Tourism Motel - Freehold Taree Nsw. - Potential Plus - 21 Rooms - Profit $6050.00 pw

Motel - Freehold - Taree - North Coast NSW
SBX Business Code: TQN1005
Freehold motel with 80% average occupancy. - 21 rooms currently in use, with three other rooms used by owner as live-in and storage. - 9 rooms are permanently let with a weekly tariff of $350. - 3 bedroom flat let at $500 p.w. - Other rooms are available nightly for around $75 p.p - Commercial laundry and great kitchen - Colour bond fence surrounds property, with enough parking space for clients at rear of building. - Building could use a paint externally - Owner has a 4 bedroom house for sale next door separate to this transaction let at $500 p.w.

Potential
Motel first opened on Christmas day in 1950 - Needs minor modernisation. - Should commence breakfast. -Add a website and an E tech booking system.

Features
Regular client base. - Accommodates governing authorities and visiting personnel regularly.

Premises
This business has an area of approx..1706 sq.mts.

Location
Great corner location only 3 minutes from town centre and river.

Trading Hours
7 days - 8 a.m.- 5 p.m.

Lease
Freehold

Employees
Owner + 3 casuals on call as required

Comments
Financials have been assessed from information provided by vendor.
Figures
Weekly Sales $8150
Rent (ex GST) $0
Wages $1000
Profit $6050

SBX Business Code: TQN1005

SBX Business Brokers - Sydney Business Exchange