New South Wales
Low Risk Accommodation Business And A Country Living!
For Sale | $139,000
Thinking of settling down with your family in a quiet but peaceful town?
Or a retirement property?
This motel business could be the one for you!
Berrigan Motel is highly recommended to buyers looking for a low risk accommodation business and country living.
A motivated buyer must have the enthusiasm and courage to further improve this already established business and can enjoy a flexible lifestyle with excellent income.
Berrigan NSW 2712 is situated in the Southern Riverina region of NSW and consists predominantly of irrigated rural land; therefore, its main income is derived from the agriculture industry. Berrigan Shire is located to the north of the Murray River, halfway between Albury and Echuca. The council boundaries encompass the towns of Barooga, Berrigan, Finley, and Tocumwal which offer a range of first-class lifestyle opportunities including recreation, health, and education facilities.
Berrigan Motel has been trading for over 70 years and developed a wide spectrum of loyal customers such as farming workers, builders, road workers, local visitors, truck drivers, government employees and highway passengers.
Motel building is built of brick and concrete requiring minimal skills and tools for maintenance. The rooms are fitted with a private bathroom with a shower. Part of the motel has been recently refurbished with a new carpet and new air-cons. It features an outdoor swimming pool and a garden. Offers a Free Wi-Fi too. This property also has one of the best-rated locations in Berrigan! Guests are happier about it compared to other properties in the area.
Motel has a 20-seater restaurant, licensed bar, and a kitchen to cook for the guests. The current management is only operating the restaurant for the motel guests on special request and a motivated buyer can increase the revenue by opening the restaurant to the public.
There is a 4-bedroom manager's residence on site which has been recently renovated with new carpet & paint.
This motel business has low running costs and the booking system is computerized, and the vendor has developed user-friendly accounting and reporting tools. This business is easy to manage as all linen is hired reducing laundry loads.
Motivated vendors. All offers considered.
Financial year 2019 Turnover: $312,000
Financial year 2019 Profit: $135,000
Rent: $46,200 incl GST per year
Length of Lease: 20+ years (till 2043)
Contact us today for more details!
Listing ID: NSW09525
Broker: Amit Gupta
Phone: 0491 616 144
To complete an online confidentiality agreement, visit this business and enquire now at: https://linkbusiness.com.au/businesses-for-sale/ca/NSW09525
THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF
Keywords: Motel, Accommodation, Bar, Restaurant, Licenced Bar, Career Change, Refurbish