The Kingsley Motel and Cabernet restaurant represents an excellent opportunity to secure a high-quality regional Motel and restaurant operating with limited competition, within the booming south-west of Western Australia.
The motel is just secured a two-year forward booking from a large mining company undertaking expansions in the area which will guarantee the use of 30 rooms for 365 days per year. This will conservatively add over $500,000 of additional revenue to the business over these two years taking the annual revenues well above $2 million. These bookings are due to start in January 2022 and will take the occupancy of the hot motel well above 80% for the next two years.
The owners have invested over $750,000 of renovations and improvements into the Motel over the last 5 years, investments that will pay dividends for a new owner. Additionally, such as the demand for accommodation in the area the owners are spending approximately $260,000 to add six additional Queen ensuite rooms to the motel, bringing the number of rooms to 43.