Summary
Summary: This large picturesque and welcoming accommodation is near the main highway and has been a fixture of the area for the past 12 years cateri...
Net Profit
$770,000 pw
Lease
Freehold
Employees
6 Full Time
Reason for Sale
Retirement
About the Business
Summary:
This large picturesque and welcoming accommodation is near the main highway and has been a fixture of the area for the past 12 years catering to corporate and regular clients. This well-known accommodation property is presented for sale by the current owners.
About the business:
Offering self-contained accommodation with a balcony or patio and free parking is a few minutes drive from shops, cafes and restaurants.
All rooms offer a fully equipped kitchen, outdoor furniture and BBQ facilities. Each has a lounge area with a sofa, a flat-screen TV and a DVD player giving the guests every creature comfort they could want. Laundry facilities are also provided.
This accommodation has demonstrated strong consistent turnover and exceptional profit over a long period and is the perfect opportunity for the experienced operator or those new to the industry looking to purchase a well-established performer.
Key Points:
12 years history
24 keys & 54 rooms with great on-site parking
Total staff of 6 including 2 owners
EBITDA $770,000 ( Including Rent $430,000)
Easy operation with minimal staff for front office and cleaning
A number of infrastructure and government projects are currently underway in the region
80% income from corporate and regular clients
Direct connection with Tennis Australia Open during the Gippsland Tournaments
Asking Price – $1,450,000 (Business) & $10,000,000 ( Property)
STRICTLY CONFIDENTIAL sale and interested parties must sign NDA, complete background check and provide PROOF OF FUNDS through a charted accountant.
History
12 Years
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