If you are looking for a business that dominates its market place both in terms of location, size and range of services then look no further.
Annual sales revenues are consistently predictable and the business has stability in income demonstrated over the last 5 years.
Servicing predominantly business clientele with a mixture of less than 5 % of occupants either local or international travelers.
This business provides accommodation in the form of a wide variety of motel units as well as a fully licensed restaurant (the only such restaurant in this small town). There are in total of 27 motel units comprising spa bath suites; studio; 1 and 2 bedroom units. Lovely river views; licensed restaurant seating for 50 persons.
For the owners of this business there is a 4 bedroom home adjacent to the complex. Occupancy averages around the 65 % rate per annum. Fully computerized office. Plenty of parking. Restaurant fully staffed and operates 5 nights per week.
Within walking distance of the main shopping area. Close to nice beaches and fishing etc.
The leasehold rights to this complex are being offered. The lease has another 20 + years with right of renewal.
Would suit someone looking to get away from the hustle and bustle of city life; wanting a bit of a laid back lifestyle in the country with a consistency of income without the hassles associated with too large a business.
Business historically for the last 5 years has a net cash profit after all expenses of between $163,000 and $220,000 but because of recession was hit a little with downturn of visitors during the year ended 31st March 2009 with a net cash profit of $112,000 after owners on site costs and perks. Whilst that downturn in profit affected a number of sectors of the economy the business is expected to bounce back as things improve but in the interim there is a fantastic opportunity for an astute purchaser to acquire this business at a bargain price. Thus not only the prospect of good profitability but also possible capital gain in the short term.
Are you that astute purchaser? Asking price $495K.
Please contact Jeff Bracegirdle: Mob: 021 546 569 or Email: biz@remax.net.nz
Business
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Contact:
Jeff Bracegirdle from RE/MAX Latitude 36 MREINZ (Licensed Agent REAA 2008) on 09 414 6082 or 021546 569, any time, or email biz@remax.net.nz
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