Link Business

Motel in Hamilton, 20 Units With a Long Lease

$650,000HamiltonListing: #BPW00453


Hamilton businesses for sale 


$650,000

Accommodation/Motel/Hotel businesses for sale
Motel businesses for sale, Hamilton
$121,000


About this business for sale

Motel 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.

Waikato
paul.lu@linkbusiness.co.nz
+64 7 579 4994
+64 21 047 4988

Paul Lu

Auckland - Ellerslie
lindsay.sandes@linkbusiness.co.nz
+64 9 555 6003
+64 21 895 940

Lindsay Sandes

*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.