17 Unit Motel in Palmerston North. Great Performer.Listing: #BOP00198
About this Business for sale in Palmerston North17 Unit Motel in Palmerston North. Great Performer.
An exciting opportunity has presented itself with this 17 unit motel that has just come onto the market. It has a great location close to the city centre, cafes, bars, Massey University and other amenities and attractions. It is the perfect place to stay while visiting Palmerston North.
The motel features the following:
- 17 units with a good mixture of studio, 1 bedroom and 2 bedroom units
- All units are fully self-contained and air-conditioned
- Conference facilities to cater for up to 50 people
- 4 bedroom, two bathroom owners’ accommodation with air-conditioning
- A good lease in place
- The turnover was $521,964 in 2020 with a cash surplus of $115,973 to one working owner (projected to be $670,000 and $170,000 in 2021)
This is a great motel and an excellent opportunity for a couple to secure a job for both with a good income and a comfortable home to live in.
Interested? Then contact me today for full information.
To find out more, go to linkbusiness.co.nz/BOP00198 and press the “Enquire Now” button to complete an online confidentiality agreement.
Nols Bertam, 027 238 1450, firstname.lastname@example.org
***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.
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*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.