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Accommodation/Tourism
FORBES, NSW
Completely renovated with low annual rent
Dowling St, Forbes, NSW, 2871
Accommodation/tourism · Motel
Leasehold - $1750000
The Adrian Motel in Forbes presents an excellent opportunity to acquire a well-positioned regional motel leasehold with strong existing profitability and further potential for growth. The property comprises 23 rooms, all of which have now been completely renovated, providing an incoming operator with the benefit of a refreshed accommodation product without the immediate capital expenditure normally associated with taking over an established motel.The business currently produces an adjusted net profit of $390,659, despite the trading year being impacted by rooms being progressively taken offline while renovations were completed. With all rooms now renovated and also fitted with a new commercial washer and dryer, there is a clear opportunity for the business to improve revenue and profitability through a full year of uninterrupted trading.A major attraction of the leasehold is the extremely low annual rent of $74,730pa. Rent is one of the largest fixed expenses for any motel leasehold operation, and a low rental commitment provides an incoming tenant with greater operating margins, stronger cash flow and protection against fluctuations in trading conditions. This makes the business particularly attractive when considered against its current adjusted net profit.The motel also benefits from its position in Forbes on the Newell Highway corridor, capturing a diverse mix of corporate travellers, contractors, workers, tourists and passing highway traffic.With the renovation program now completed, the incoming operator can concentrate on driving occupancy, room rates and operating efficiencies rather than undertaking significant refurbishment works. The combination of renovated rooms, low rent, established profitability and identifiable upside makes the Adrian Motel an attractive leasehold opportunity for both experienced accommodation operators and buyers entering the regional motel market.**Ras360 Specialists in Motels | Hotels | Pubs | Parks | Management Rights **
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