Award Winning FHGC Motel, Returning Over 200K p.a.
About this business for sale in WaikatoAward Winning FHGC Motel, Returning Over 200K p.a.
An international award winning motel in Waikato is for sale.
Over 30,000 square metres land and more than 1200 square metres floor area. This very unique accommodation asset is waiting for its next owner. According to the financial report 2017, the motel would have returned a working couple over $230K pa. From April to August 2017, the accommodation income has increased by around 35% by comparing to the same period in 2016. If the business can achieve 10% growth on the accommodation income, the cash surplus would be around $260K for two working owners.
Moreover, due to the increasing demands and occupancies, it would be a good idea to build more units on the bare land near the existing units. The owner is happy to talk about any development opportunities/plans with genuine purchasers.
It also comes with a private owners' house with four bedrooms and nice view.
Lifestyle + Money makers + Growing business + Freehold Going Concerns + More Land to build on. Does it tick all your boxes?
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.
*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.