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This Motel has been recently upgraded by the current owner – the occupancy rate has increased over the last 6 months and repeat business is starting to build. It is well positioned on busy Ulster Street just a 15 minute walk from Hamilton CBD and a 5 minute walk to the Waikato stadium.
The Motel has 16 units all fitted out with high quality bedrooms, bathrooms and kitchens. All units are equipped with Sky and DVD/TV plus high speed internet. Units are made up of studios, one bedroom and two bedrooms options.
The Owners accommodation is spacious and comfortable with 4 bedrooms and a large garage.
This Motel is ready for the new owner to take it to the next level and enjoy the rewards as all the hard work has been done.
Price + SAV
*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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