Profitable Central Motel with Potential
About this business for sale in CanterburyProfitable Central Motel with Potential
The very favourable location of this motel at around 1km from Christchurch city centre makes it a convenient and popular base for visitors to the area, and there are cafes, bars, restaurants and a dairy within easy walking distance.
Nearby attractions are: Hagley Park, the Botanic Gardens, Museum, Art Gallery, Margaret Mahey Playground and the Theatre Royal. Also, the Christchurch Town Hall is due to reopen in March 2019 and the development of the new Christchurch Stadium is now due to start in 2021.
All these attractions and new developments nearby, plus the new northern motorway feeding directly into Bealey Ave make the Admiral Motel an attractive proposition for someone wanting to own their own business.
Another big drawcard is the larger than usual units making it very family friendly or suitable for larger groups, but also comfortable for couples or corporate clients. Guests enjoy the comfort of the spacious units, the location, the well equipped kitchens and also mention in reviews that it is very good value for money.
There is a good mix of units with two studio units, three 1 bedroom units and four 2 bedroom units. The owner’s accommodation is also very spacious with three bedrooms, an open plan kitchen/dining room plus a large lounge, offering a good comfortable area for owners to relax after a busy day.
This motel complex has plenty of potential and would offer a comfortable income and lifestyle to new owners.
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. Please contact the broker for further details.
+64 3 366 3394
+64 21 988 138
*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.