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No1 Motels on Victoria

$710,000

Business Waikato

ID: 1727

No1 Motels on Victoria

Property Name:
No1 Motels on Victoria
Address:
85-89 Victoria Street, Cambridge
Property Type:
Motels
Sale Type:
Business
Price:
$710,000 
Region:
Waikato
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Tony Davenport

Tony Davenport

Broker | Waikato, East Auckland

M: +64 27 5555 938

tony[at]resortbrokers[dot]co[dot]nz

Reasons to buy

·         Operation of a consistently proven business

·         Substantial forward bookings

·         Buyers with interests in local activities such as rowing, horse racing and competitive cycling

Tony Davenport

Broker | Waikato, East Auckland

Contact Agent

Tony Davenport

Mob: +64 27 5555 938

Email: tony[at]resortbrokers[dot]co[dot]nz

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Located on the main road into the picturesque and vibrant town of Cambridge, No1 Motels on Victoria is a ‘destination’ property that appeals to a wide variety of guests seeking a great, relaxing and affordable standard of accommodation.

Financials are available for the past four years of trading.

The owners no longer have links to competitive cycling, so are now wish to pursue new opportunities.

The owner’s accommodation comprises an open plan unit with two bedrooms and is conveniently located above the ground floor reception area.

The 28 units are all in good condition with recent renovations. All rooms have wall-mounted panel heaters, or air conditioning units. Ensuite bathrooms have been recently renovated, and all interior lighting has been upgraded to LED lighting.

There is off-street guest parking at the rear of the property.

A communal kitchen, including full cooking facilities, and lounge area is located in the centre of the accommodation units.

During the current owner’s tenure, they have built up a significant repeat customer base as demonstrated by the current forward bookings which are in excess of $100,000. There is also ample opportunity for potential further growth for a new owner.

Cambridge is a charming and welcoming town, making it an attractive option for weddings and other group activities. In addition, it is located in the heart of New Zealand’s Thoroughbred industry, as well as sporting venues such as the nearby Cycling and Rowing centers.

This business will appeal to buyers who are associated with any of the many sporting and business opportunities on offer in Cambridge, as well as looking for demonstrable profitable trading.

To learn more about this excellent opportunity, to secure your future, please contact me immediately.

 

Disclaimer: We do not accept responsibility for mis-statement or error contained on this site. Interested persons should rely on their own enquiry. All prices are plus GST if any unless otherwise stated. If the transaction is recognised as a going concern then the sale should be zero rated.

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Tony Davenport

Tony Davenport

Broker | Waikato, East Auckland

M: +64 27 5555 938

tony[at]resortbrokers[dot]co[dot]nz

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