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Caravan & Motels
Caravan & Relocatable Home Parks
The accommodation industry has always been popular with people wanting to enter and be part of the developing tourism industry in Australia. One only has to observe the growing amount of caravans on our highways. There are 35,000 caravans built and sold every year adding to the growing demand for caravan parks as an investment over the long term for the passive investor and a sea change for the owner operator.Caravaners and other travelers who avail themselves of cabin facilities, today expect a higher standard of facility than 40 years ago when traditional camping grounds were all that was available, hence the value of caravan parks have grown with their emerging popularity some now reaching a market value in excess of $20,000,000 while other regional areas are more likely to be between 1million to 5 million dollars.
Retirement parks are today very popular with the baby boomers who have found themselves as empty nesters, their children have grown and left the large family home, that is now high in equity so the parents now have the opportunity to liquidate their assets and buy that lower maintenance home in a retirement park by the sea with all the facilities they require.
Motels
The motel industry has always been a popular choice of career change for people who find themselves in mid life not being satisfied in their chosen career but may not have the relevant skills that are required for other self employment options that may be available to them. They find that the interaction with people on a daily basis is necessary for them in their lives and enjoy the hospitable nature of providing a service to people who by either the nature of their work or other circumstances require accommodation at a motel. In most cases operators of motels find themselves staying in the industry for many years, sometimes owning many motels in their time and quite often retaining the freehold as an investment to fund their retirement later in life.Motels normally have a cheaper entry value, by nature of the land area needed to accommodate the facility and a person wanting to enter this industry could do so for as little as $250,000 leasehold, up to quality freehold of say $5,000,000 with an average freehold being around 1 to 2 Million dollars.
When Selling
It is important to have an exit strategy when you decide to sell your business or property to obtain the maximum benefit from your asset, quite often it is an immediate decision because of circumstances in your life demand that you sell. If you can be aware of certain aspects that are expected and can be implemented the chances of maximum benefit at the time of sale can be achieved.Benchmark Business & Commercial Sales have consultant brokers who have hands on operation experience in the accommodation industry. If you are considering entry or exit strategies for this industry you should consult one of our specialist brokers for a considered evaluation of your capability or property.
Contact Trevor Berry by email: trevor@benchmarkbusiness.net
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email: enquiries@benchmarkbusiness.net web: www.benchmarkbusiness.net
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