The leasehold business of this 40 room motel on five acres of manicured gardens has a strong income stream derived from a high tourist trade coupled with steady local patronage servicing but not limited to the requirements of family and school sporting groups, business and corporate stayovers. The motel also features a three bedroom manager’s residence. The lease has 16 years to run, expiring 31st August 2032.
The motel operates a licensed bistro,with separate bar, trading six nights a week from 6-8pm serving a la carte meals and wood fired pizzas. The restaurant has plenty of potential for increased turnover and can accommodate functions for up to 80 guests. The large commercial kitchen features a gas assisted wood fired oven imported from Italy.
Situated a mere ten minute drive from Launceston Airport, the Village Family Motor Inn is a convenient stopover for travelers inbound and outbound through Tasmania’s northern gateway. With a mix of motel style rooms and self-catering units, this motel caters to all groups of all sizes, coach tours are most welcome.
Showing a turnover of $1.2 million after GST, with a net profit in excess of $500k and an average yearly occupancy level of 63%, opportunities to purchase a business of this calibre don’t arise too often.
Outstanding ROI fy 2016 is 52%
Current rent to turnover ratio is 15.7%
This is a dream business to own and run with the added potential to increase your turnover.
For more details, please email agent