A Real Money Maker

A small older style motel in a large property that has enjoyed over 90% occupancy for over last 7 years. While it may very well be the oldest motel in town, it has consistently laid golden eggs since 2014. An owner operator has a genuine opportunity to run this motel and earn a net surplus of over $150K per annum. The motel had done well pre Covid and still doing well. Covid had no adverse effect on the business. Napier has events almost every month including but not limited to Art Deco festival, Mission Concert and many more. Wellingtonians love making weekend trip to Hawke's Bay for its above average temperature throughout the year and famous wineries.

Needs upgrading of furniture and all soft chattels. A little TLC will allow any operator to have the motel run by a live on site manager and earn over $100K in net surplus.

The motel being an older style one offers a larger room than modern compact studios and preferred by old regular clientele. The property gives a feel of holiday park with spa, swimming pool but is smaller than an acre of land with ample parking for all types of vehicle.

Genuine reason for sell- owners have enjoyed the benefit of their hard work and innovative ideas for last 7 years and now has decided to move on. There is about 15 years left on the lease with a reasonable rent in place. Excellent for the returnees who would want to enjoy being self employed!

The business will be sold as is and must be a walk in walk out deal. The business has strong financials and price needs to reflect that.

Any questions welcome after filling out confidentiality form.