49-51 Eastlands Drive, Ulverstone, Tasmania 7315

Bass & Flinders Motor Inn, Excellent Business, Property & Opportunity, FHGC $1.6 Mill

For Sale | $1,600,000

Function Centre Motel

Yes, this very profitable, freehold motel, has the following standout features:
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 manager's 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, conferences etc, well-equipped kitchen. 15 units with various configurations, well presented, spotlessly clean with parking at the door.

The ROI is 15% in 2021 with an occupancy of only 40%. There is plenty of upsides here to further increase the turnover and profitability, subsequently the value of your business.

This motel will not be on the market long, please only serious buyers who are ready to move now. Enquire for leasehold price.

Contact Tasmania's premier Business Broker Paul at pauls@businessbrokersnetwork.com.au

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.

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Overview

This Function Centre Business is one of 53 businesses for sale in Tasmania, Tasmania, and one of 3 Function Centre Businesses in this region that a business for sale currently has on offer. This Function Centre Business is for sale in Tasmania for the asking price of $1,600,000 and has been marketed for a while and is definitely worth another look as it is sure to be snapped up soon..