Motels of this size – with 20 spacious, luxurious suites and an equally spacious 3-bedroom family home, are always in demand, but not often available. Couple this with a very attractive bottom line, and a superb lifestyle location and you have the perfect recipe for success!
The Cumberland Court Motel is certainly eye-catching – sited on one of the busiest intersections in the region and is presented in excellent condition, with the current owners recently ploughing huge money into refurbishing and upgrading the complex. With the expenditure and hard work done there really is very little further required, – so all the profits will drop straight into your pocket!
The Hawke’s Bay region’s growth and economy is one of the most positive in the country and with domestic tourism in high demand, the ‘Covid effect’ has proven to be more than readily recovered.
Escape from the hustle and bustle of the big city to the fabulous Hawke's Bay lifestyle. The motel industry offers the opportunity to live rent-free, with many living costs also covered – whilst earning an income likely to be at least double a professional salary.
But you will need to inquire promptly as we know these premium businesses do not last long on the market. In fact, best call now for an appointment to view.
*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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