Fam­ily busi­ness put on the mar­ket

Port Douglas & Mossman Gazette - - NEWS -

A POP­U­LAR Far North mo­tel that has been in the same fam­ily for 30 years is be­ing of­fered for sale.

Re­sort Bro­kers agent Shane Mullins said the Seav­iew Mo­tel Cook­town pre­sented an “in­cred­i­ble op­por­tu­nity for an as­tute pur­chaser”.

At 178 Char­lotte St, the 42room wa­ter­front mo­tel cater­ing for cor­po­rate clients, do­mes­tic and in­ter­na­tional tourists is be­ing of­fered for sale as a free­hold go­ing con­cern from $4.25 mil­lion plus Stock at Value.

“It of­fers vast views of the coast­line and the his­toric En­deav­our River,’’ Mr Mullins said.

“The own­ers have in­jected sub­stan­tial cap­i­tal to­wards ren­o­va­tions, main­tain­ing a high stan­dard.

“This is a unique op­por­tu­nity for an ex­pe­ri­enced op­er­a­tor to take the busi­ness to a new level.”

With an ad­justed net profit of $550,000 per an­num, Seav­iew Mo­tel en­joys strong sup­port from gov­ern­ment and cor­po­rate clients ser­vic­ing com­mu­ni­ties in the sur­round­ing dis­trict.

Eco­nomic driv­ers of Cook­town, about 320km north of Cairns, in­clude gov­ern­ment, agri­cul­ture, fish­ing and road­based tourism.

Seav­iew Mo­tel Cook­town.

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