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.
Built on three acres of land, the newly renovated Kingsley Motel boasts 37 ground-level rooms, plenty of parking, large areas of lawn and a delectable onsite restaurant offering farm to table, locally sourced ingredients and a seasonally changing menu with Room Service available on request.
This predominantly renovated freehold motel and restaurant has bounced back strongly from the effects of Covid shutdowns, with an excellent Average Net Profit of $517,000 pa over the last 5 years. Revenues are driven primarily by corporate and government clients with the bonus of seasonal tourist accommodation, allowing the Motel to operate at occupancy rates of between 55% and 60%.
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. The business generates 88% of all revenues through Motel accommodation sales with the remaining 12% being related to the restaurant.
The town of Manjimup is a central regional hub for business and industry in the southern forest region of Western Australia. Manjimup is “ground zero” for the Australian truffle farming industry, which attracts seasonal tourists to the area, and is also in the centre of the rapidly growing avocado farming industry, as the climate is perfectly suited for avocado trees. Both industries are recent additions to the established forestry and primary production activities in the area, which is helping to drive strong economic growth in Manjimup. These industries also lead to a constant stream of corporate clients into the Motel who are servicing these industries.