Business Display

Port Pirie, South Australia

Thriving Freehold Motel And Restaurant In Booming City - Port Pirie, SA

Price: $1,800,000
Listing ID: 1365

BUSINESS DESCRIPTION

Here's a fabulous opportunity for a couple or partners to take over this very successful motel-style accommodation and a la carte restaurant in the bustling South Australian city of Port Pirie.
You not only get a thriving business showing excellent financials but also a substantial city freehold. With everything included in the sale, it's a package that's hard to resist.

-30-unit motel built in 1965
-Fully licensed 60-seater restaurant
-Massive swimming pool + undercover BBQ
-Prime corner location opposite sporting complex
-Owned outright by the current partners since 1985
-Flexible hours depending on position - current owner is the Chef
-Cooking and hospitality skills useful - also some maintenance and computer/business skills
-Training

The Travelway Motel in Gertrude Street has served the current owners well but they're ready to retire. The recent figures are very good and there's an added bonus; the business's ANZ Bank business manager is willing to talk to prospective buyers who may need financial help.

Known as the City of Friendly People, Port Pirie is the 5th largest regional city in South Australia and home to over 14,000 residents. As the Gateway to the Flinders Ranges, it also attracts many thousands of tourists.
There's an excellent shopping and business precinct plus educational and medical facilities. Some major new developments in the city include a new industrial estate, upgrading of the smelters, a new $3.3 million cultural precinct and a major redevelopment of the foreshore. This, coupled with a growing population, means a strong future for the Travelway Motel.

BUSINESS FEATURES


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Port Pirie, South Australia