Buyers Delight Motel Lease

$175,000TimaruListing: #CS00084


Timaru  


$175,000


Accommodation/Motel/Hotel
Refer to Broker


About this business for sale

Buyers Delight Motel Lease

 

Yes - this is the right price!

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. 

Also, the motel has a short term left on the lease and is priced accordingly. The landlord is willing to negotiate an extended term with the new business owners.

The complex has a good profile being located on the main road into Timaru.

It consists of 13 units and 3 bedroomed Managers' house which has a sunny balcony overlooking the park and the sea. A great place to relax after a day’s work.

During their time at the motel the Vendors have undertaken a steady program of refurbishment and maintenance. The interiors of most units have been recently repainted as well as many 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
sally.everitt@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.