Price
$669,000 plus GST (if any)
Profit *
Refer to Broker
Sales Revenue
Refer to Broker
Location
Otago Region, Waitaki
Category
Accommodation/Motel/Hotel
Listing #
CS00376
Ambassador Motor Lodge will suit a buyer new to the motel industry or one that will prefer an easy to manage motel. The motel offers 11 spacious self-contained units comprising of studio, 1 and 2-bedroom units, 6 with spa baths. All are ground-floor with off-street-parking outside each unit.
The owner's residence is a separate three-bedroom home with garaging.
Ambassador Motor Lodge is Qualmark 4-star rated and has been awarded 'Silver' under the Qualmark Sustainable Tourism criteria. It is also rated #1 on Trip Advisor in Oamaru.
Situated on Thames Street, State Highway One, the motel is 113km north of Dunedin and close to the town centre, shops, restaurants, cafes, historic precinct and revitalised harbour area.
Activities in Oamaru
NZ Tourism
Tourism for NZ is now a major export earner and is experiencing tremendous growth. Visitor arrivals to New Zealand are expected to grow 4.6 per cent a year, reaching 5.1 million visitors in 2024 from 3.7 million in 2017 and total international spend is expected to reach $14.8 billion in 2024, up 40 per cent from 2017. (Source: MBIE May 2018). Take the opportunity now to invest in this growth sector!
To find out more, press the “Enquire Now” button to complete an online confidentiality agreement.
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business. Please contact the broker for further details.
Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.
To find out more, complete an online confidentiality agreement by clicking the button below.
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For reasons of confidentiality a stock photo image may be used to represent the business for sale.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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