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Motel business and management rights business for sale in Wanaka, New Zealand that ticks all the boxes for an astute buyer!

Monday 9 February 2015, 4:26PM

By Chrissy Chisholm - Tourism Business Broker

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Motel business and management rights business for sale in Wanaka, NZ that will interest astute buyers as it tricks all the boxes!
Motel business and management rights business for sale in Wanaka, NZ that will interest astute buyers as it tricks all the boxes! Credit: Chrissy Chisholm - Tourism Business Broker

Great business, great lifestyle! Motel business and management rights business for sale which is located in Wanaka, South Island, New Zealand and set within the grounds is a large feature swimming pool, BBQ, an onsite car wash bay and guest laundry plus large areas for parking buses and boats. All the room feature a 32" flatscreen TV with 15 Freeview channels.

The business is situated on .75 acres, accommodating 87 guests and comprises two building complexes, the main building is the 17 motel units, office, laundry, ski drying room and storage plus  the ground level 3 bedroom owners accommodation allowing direct internal access to office from the main living area and also features a fenced private courtyard with sunroom, 2 car garaging for personal use in the apartment block, large lounge/kitchen and plenty of storage and the second building comprises  the Apartment complex with 7 units, laundry, garage and storage.

The breakdown of the accommodation provided within the complex features 14 studio motel units, 1x 1 bedroom unit and 2 x 2 bedroom units and 1 apartment studio and 6 x 2 bedroom apartments.
 

Here are comments by the Tourism & Hospitality Business Broker who has these businesses listed for sale:

This business really does tick all the boxes:

*Bottom line profits improving month by month
*Sales revenue has experienced serious growth
*Occupancy rates have been continuously improving every month under the current owners
* Rooms have been systematically been upgraded
* Booking sites have been added
*Office marketing and management tools have been added to the business
* Tripadvisor now rates the property at No 8 of approximately 22 accommodation providers
*The current business owners have an excellent working relationship with the landlord.

There are areas of opportunity to expand the business or sell off part of the business.

There are plenty of expansion opportunities and are explained in the business information memo available to serious buyers.

The current owners will provide a very comprehensive property management manual to pass on the new owners including a database of customers (especially for the all-important ski season) and will also offer a very robust handover that covers all relevant information in regard to the Wanaka tourism market.

The current owners are very confident that they have built the business to a stage where they will be passing on a fantastic business that has a good reputation and excellent reviews

The changes the current owners have made will ensure the business has a good long term future and they expect that it will bear fruit for the next owners.

Don't delay in contact me about the sale of this motel business and management rights business that ticks all the boxes for  an astute buyer. Adrian Chisholm 021 727 888 or email adrian@tourismproperties.com