Motel in Hamilton, 20 Units With a Long Lease
About this business for sale in HamiltonMotel in Hamilton, 20 Units With a Long Lease
A medium sized motel in Hamilton city is for sale after several years of trading. Located at a prime site on a busy street, the motel has 20 self-contained units and a large owners' accommodation with other facilities for guests. This would be a good opportunity for owner operators who want to manage a mature motel business effortlessly, whilst you are enjoy the stay at your 4 bedroom home without additional charge. Some key summary are as following:
- Over $120K cash surplus on financial 2017 for two working owner after all expenses including personals
- Would come with a 30 year lease,
- Reasonable rent structure; just over $7K per unit pa (plus outgoings and gst)
- Tidy and well maintained guest units. Exterior painting done,
- Qualmark 3.5 Stars
- Current occupancy below average; much more potential to grow the business.
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.
+64 7 579 4994
+64 21 047 4988
*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.