Leasehold Motel, Returning $360K+ to Working Couple
About this business for sale in WaikatoLeasehold Motel, Returning $360K+ to Working Couple
A profitable leasehold motel in the Waikato region is for sale. Currently under full management, the owners do not usually get involved in the day-to-day operations.
Current owners are motivated and have other plans for their future.
- Located in a highly demanded place with many activities and attractions.
- More than 29 years lease remaining.
- Returning over $285K pa in accounts 2017 for non-working owners, would return $360K+ for a working couple.
- Three bedroom owners accommodation attached to the motel.
- Rent is around 32% of the turnovers.
- Turnovers increased by 18.6% in April, May, June and July 2017 to the same period last year.
- Motivated owners welcome any reasonable offers.
- Much potential to grow.
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.
*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.