Reason: --
Fully under management leasehold motel near Adelaide CBD
Fully under management leasehold motel near Adelaide CBD
Price: $950,000 WIWO
Business Information:
* Leasehold motel
* Long established more than 30 years
* Long lease for 30 years
* Same owner for nearly 5 years
* Fully under management, manager run the business with staff team
* Accommodation only, easy to manage
* Customer come from 4 online booking platform, own website and repeat customers
* One sublease restaurant is included
* The current owner invested $333,000 to upgrade rooms
* Business keeps on improving during FY2022, the room booking rate was 100% during Easter. Motel industry will back to the previous glory
* If a family of two people run the business, a huge saving of approximately $110,000/a can be added on the current company profit.
* Suit for business immigrant and buyer who would like to work in the business
Please ring Yiling Tang now or send an email to obtain further information.
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