This is an exciting opportunity to acquire a Motel offering affordable accommodation in Melbourne’s sought after south eastern suburbs.
Strategically located on a very busy main road, the business is in extremely close proximity to Chadstone Shopping Centre, Monash University, Gipps & Holmesglen Tafe Colleges, Monash Medical Centre, and 3 Major Tournament Golf Courses. The Oakleigh Shopping and Cafe precinct is also a 10 minute stroll from the motel. Traffic passes by at an enormous rate and there is never any shortage of guests.
The motel consists of 25 rooms, a licensed onsite restaurant with seating for 40+ people, and onsite parking for 20.
Key features include:
*Taking $20,000 per week
*Affordable rent at $4,235 per week
*Long lease in place
*Run fully under management
*Open 7 days per week, 9am-8pm (reception)
*Prominent high exposure location
*High occupancy rate during the Covid 19 pandemic
For more information please contact Jeremy Gao from LINK, formerly Klemms on the below:
Phone: 0452 606 199
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.