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Motel And Restaurant In Holbrook Leasehold For Sale

Holbrook, New South Wales
Asking Price:
$590,000 (AUD)
Sales Revenue:
$500K - $1M (AUD)
Cash Flow:
Available on request

This iconic business is a 3 star property in the Submarine Town of Holbrook, NSW that offers a total of 36 rooms including 19 Queens, 7 Twins (Queen and a Single), 4 Trundles (Queen, Single and a Trundle), 2 sets of Interconnecting Family rooms (Queen bed and 3 Singles in each set) and a set of Interconnecting Twin rooms (2 Queen beds and 2 Singles).

The 20m2 reception area is centrally located at the front of the property and has direct access to the owner’s residence for ease of operation.

Offering a separate office and guest foyer, the area is equipped with a computerised booking system (Little Hotelier), telephone , printer, photocopier, a drinks fridge, air conditioning, heating, tile floors and ample storage.

The motel restaurant is fully licensed with a separate bar and has a seating capacity for 50 people. It is supported by the motel kitchen and is equipped with commercial appliances, gas facilities, centre island, ample bench space, tile floors and additional storage.

All of the motel linen is leased and laundered commercially off-site. Towels and pillow slips are owned and laundered on site.

The property offers a Guest laundry facilitated with one coin operated washing machine and dryer, ironing board and iron.

Complex Details

Location: Holbrook
Complex Type: Brick walls and iron roofing
Year Built:1966
Area of Land: 19060 sqm
Total No of Units: 36
Rating: 3 Star
Tariffs: Ranging from $90 to $140 per night

Last Increase: 2018

Financial Details

Type of Business: Leasehold Motel
Occupancy: 50%
Annual Rent: $113,995 (Plus GST) with annual CPI reviews
Initial Lease: 27 years remaining on lease
Turnover: $622K (GST excl) 2018/19
$635K (GST excl) 2017/18
Adjusted Net Income: $195K 2018/19
$212K 2017/18

The motel is currently operated by one person with the help of 2 casual cleaners to conduct all cleaning of rooms and common areas, 2 staff to run the kitchen and restaurant, 1 junior casual to assist with laundry or restaurant, as needed and 1 casual handyman to look after minor repairs, gardening, pool and fountain maintenance etc.

The property is ideally suited to a family or a two-person management team that will be responsible for the day to day management of the motel for front of house administration plus maintenance and care taking which would include:

-  Guest reservations, confirmations and arrivals (engagement, rent collection, inspections etc.)
-  Engagement and supervision of contractors
-  Maintenance of IT systems
-  Ongoing implementation of formal marketing strategies
-  Common area duties
-  Maintenance of rooms and engaging external contractors as required
-  Working in the restaurant as required.

The business remains a guest favourite in Holbrook consistently ranking #1 on Trip Advisor and winner of multiple awards from Booking.Com, Expedia and Go Hotels.Com. Business has a loyal client base and returning customers include corporate clients, Government workers, Truck drivers, couples, young families, grandparents and various coach companies that organise extended tours Australia wide.

New owners can potentially increase their revenue by introducing cooked breakfast in the morning and extending the Restaurant trading hours to include weekends.

If interested, please contact the seller through the form on this page.

Property Information

Real Estate:

Lease

Living Accommodation:

2 bedroom house with an open plan lounge and small kitchen located just off the Reception for ease of operation.

Location:

The motel is located almost mid-way between Sydney and Melbourne just off the Hume Highway in the Submarine Town of Holbrook, NSW.

Premises Details:

All 36 rooms are ground floor and have reverse cycle air conditioning, tea and coffee making facilities, fridge, modern LCD TVs with Austar Cable, clock radio alarms, toasters, electric blankets and well away from highway traffic noise.

Business Operation

Reasons for selling:

The owner has other business interests she wants to pursue with family.

Trading hours:

Monday- Friday from 9am to 9pm
Saturday - Sunday from 10am to 8pm
Pub Holidays from 10am to 7pm

Employees:
1 Owner plus 6 Casual employees

Other Information

Support & training:

Up to 2 weeks training will be provided upon settlement.

Contact Information

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