Ulverstone, Tasmania 7315
Bass & Flinders Motor Inn, Excellent Business, Property & Opportunity, Offers over $349,000
For Sale | $349,000
Year on year profit and turnover increasing, 28% up in 2020
Whole property in excellent repair and condition, with many thousands of dollars spent on improvements in recent years.
Situated on the main entry road into Ulverstone,only motel with main road exposure.
Level site, all ground floor, spacious and comfortable managers quarters adjoining the office/reception, the standout large restaurant, upgraded and stylish in all respects is licensed, has three rooms allowing for functions and separate events, conferrences, etc, well equipped kitchen.
15 units with various configurations, well presented, spotlessly clean with parking at the door.
There is plenty of upside here to further increase the turnover and profitability, subsequently the value of your business.
Offering a 10 year initial term with 4 x 5 year options, with a fair and reasonable rent, being only 14% of projected 2020 turnover.
This motel will not be on the market long, please only serious buyers who are ready to move now.
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INTENDING PURCHASERS TO MAKE THEIR 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; Please Note: All figures quoted are approximate.