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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.
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.
Click the email alerts button to be notified of other businesses that may be of interest to you.
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.
Buying a business is an exciting time and will prove to be one the most impactful decisions you will make in your lifetime. We’re here to help you on your journey.
Discover what you can afford, how much your loan repayments may be, and how much you could earn.
Buying a business should be exciting, but it can quickly become stressful if you don’t have experience in accessing business acquisition loans.
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