Listing #:1458068420

Palmerston North Motel Business for sale

New Years Resolution – You be the Boss
Location: Palmerston North, Manawatu / Wanganui
Private sale of lease and chattels - No Agents please! Here’s your chance to have a spring in your step and a smile on your face by being your own Boss.

Selling at offers over Registered Valuers Valuation of $590,000 + SAV+Maintainance fund saving bank account Totalling $596,000 Plus GST ( if any) approximately (Chattels $140,000, Goodwill and Lessee’s Interest in the Lease $450,000).

14 Unit motel + Conference Room (8 x Studios, 4 x 1 Bedrooms, 2 x 2 Bedroom units) plus manager’s accommodation of 3 bedrooms, 2 bathrooms, 1 office and 1 garage. The rooms are spacious and comfortable with Heat pumps/air conditioning in all units.

Main arterial route of Fitzherbert Ave, only one block from the CBD. Opposite major hotel and service station and close to The Plaza (over 100 shops), restaurants and 2 supermarkets.Excellent Location with attractive street appeal.

Long lease (over 26 years), consistent financial performer with a 4-star Qualmark independent rating.

Great beginner’s motel for first time entrants into the industry with existing award-winning owners operating the business for over 9 years. This business would suit the service orientated person with a ready smile and common sense. Training will be provided by the existing owners to run the business.
Palmerston North is a growing area so the prospects are good especially with the government intending to spend over a billion dollars each year in the regions.

Over $105,000 spent updating new chattels in the last 4 years.

This opportunity demands your investigation for the serious buyer looking at getting into the motel industry.

Please e-mail the business owner today to receive the Letter of Introduction and Confidentiality Agreement (no phone calls please). Once that is signed we will send you a comprehensive business info pack including the Registered Valuers substantial report which includes all the financials, chattels, copies of legal documents, etc for your consideration (over 55 pages).

Agency reference #: Roselle and Peter
Asking price: $596,000
Listed: Fri 3 Nov, 2:00 pm
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