Motel with Freehold for Sale
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About this business for saleMotel with Freehold for Sale
This motel is located outside of Auckland about two and half hours’ drive.
*land size about 3,642 m².
*there are total 21 units plus manager accommodation, floor area 1,074 m² with outdoor swimming pool.
*The business growing by yearly, on account of 2015 showed EPITD was $292,588.
*Current owner not work in the business, current Occupancy rates only about 45%- 50%, potential to increase with current blooming tourism market
If you are looking for a great business opportunity with freehold, good return motel business under management with growing potential, here is the one, call me to view more info.
*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.