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Motel In Prime Location In Rotorua
Listing: #NS02008
Yong Wu
Broker | Auckland - North Shore
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About this Business for sale in Bay of Plenty
Motel In Prime Location In RotoruaThis long-established motel is situated on a popular street in Rotorua.
It features 18 units and a three-bedroom manager's accommodation.
The year-end financial for 2020 displayed an annual turnover of approximately $930,000.
The year-end 2023 accounts indicated a net surplus of about $200,000.
The owner is not involved in the day-to-day operations as the motel is fully managed.
Recent renovations and costs of around $200k, the business is now for sale due to family reasons.
With the busy travel season approaching, it is your time to take over the business and enjoy the profitability.
Contact me now for further confidential information.
The asking price is $890,000
To find out more, press the “Enquire Now” button to complete an online confidentiality agreement.
Yong Wu, 021 678 980, yong.wu@linkbusiness.co.nz
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and completion of a Confidentiality Agreement. Due to the confidentiality of this business, a stock photo image may be used to represent the business.
*Profit: 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.