Property Ref: 67500
Anchor Motel & Timaru Backpackers - Fantastic Cash-Flow Business with Record Returns‼
42 and 44 Evans Street + 5 Trafalgar Street, Timaru
You MUST check this business out‼ It has fantastic returns, a proven history, strong forward bookings and is relatively easy to manage. All for an asking price that is less than a 2016 valuation (when the returns were less)‼ There are no catches here…the owner has done his time and wants to do other things. He is motivated to sell and has priced the business accordingly. This has to be one of the BEST accommodation business opportunities on the market today!
Why is it so great?
Asking price $495,000 vs 2016 valuation of $560,000‼
The returns in 2019 will be the best yet and significantly better than in 2016 when the business was valued!
Low risk compared to many other businesses! This business has been around for over 25years – it is proven! Because it primarily services the budget end of the market it is relatively immune to economic cycles. The business just keeps coming! And because most of the guests tend to be business-people or workers you don’t have to worry about fluctuations in the tourism industry.
Secure – the current lease has approx. 28yrs remaining but this may be re-negotiated for a new owner
Easy to Manage – many of the guests are contracted workers who stay for several months. Businesses often rent several rooms for weeks or months. This low turnover of rooms is so much easier to manage than a typical motel with guests arriving and leaving every day. Plus there is a lot less laundry and cleaning involved!
Versatile - Featuring 11 units, 3 separate houses and a 7-bedroom hostel with a total capacity of approx 70 beds it can cater to a wide range of needs. The buildings are well maintained to an appropriate standard, with recent renovations and redecoration of most of the units.
So if you are looking for a profitable, proven accommodation business that should quickly pay for itself then this is about as good as it gets‼
The underlying freehold land and buildings is also for sale separately at $1,690,000 – refer the separate listing.
Contact the broker Peter Gale for further information.
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Anchor-Motel-Limited-Cash-Summary-3.pdf - 37.4 KB
Valuation-2016.pdf - 672.3 KB
Anchor_Motel_Financials_2018.pdf - 447.7 KB
Anchor-Sale-Report-2018.pdf - 211.9 KB
Occupancy-rates-2014-2018.pdf - 29.5 KB
Anchor-Motel-Limited-Cash-Summary2019.pdf - 32.6 KB