Entry level Motel - Great Opportunity

$190,000TimaruListing: #CS00084


Timaru  


$190,000


Accommodation/Tourism
$50,000


About this business for sale

Entry level Motel - Great Opportunity

 

The Vendors are very motivated as they have been offered an opportunity too good to miss. But now need to sell their motel sooner than originally intended, and are looking for realistic offers. 

Prime location being on the main road through Timaru.

13 units and 3 bedroomed Managers' house.

Although only being there for a short time the Vendors have undertaken a steady program of refurbishment and maintenance. The interiors of all units have been repainted as well as other improvements gradually being done.

Currently operated by one of the owners with occasional help. Ideal for a couple where one has other work interests. 

Good business for someone wanting to enter the accommodation business and having for a lifestyle as well.

Call Sally now - don't miss out.

 

Christchurch & South Island
sallye@linkbusiness.co.nz
+64 3 595 0935
+64 21 988 138

Sally Everitt

*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.