Motel Poinsettia
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Business Description
- 23 room motel situated in Port Augusta, 320km north of Adelaide.
- Includes 3 bedroom residence, BBQ area, guest laundry, and has had same owners for 10 years.
- Easy to run with no restaurant.
- Good profits and main road location make this rare freehold and business a great opportunity.
- The freehold property is also available.
David Hutchinson 0414 440 953
Extended Price Information
| Goodwill including Plant & Equipment | $480,000 |
| Stock at valuation (approx) | $3,000 |
| Total Price | Leasehold business $483,000 |
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| Freehold (optional) | $1,150,000 |
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Staff Summary
The motel currently employs 7 casual staff
Lease Summary
| New Rent | $92,000 per annum + GST |
| Lease Term | 5 years |
| Lease Commencement | Date of Settlement |
| Right of Renewal | 4 x 5 years |
| Adjustments | CPI annually & to market an renewal periods |
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