Newly Refurbished Ohakune Court Motel for Sale & Seeking Aspiring Entrepreneurs!
Lindsay Sandes
When Grant & Natalie, the current owners of Ohakune Court Motel came across this motel business for sale, they wasted no time in seizing the opportunity to own & operate the accommodation hotspot. Now, after years of successful ownership & substantial growth, the pair are ready to hand the keys over to a new owner as they move onto their next challenge overseas. Lindsay Sandes, LINK Business Brokers’ Accommodation Specialist, is delighted to bring this proven, established, and profitable business to the market on their behalf.
Proudly located at 101 Goldfinch Street on a high-profile site, Ohakune Court Motel has been a consistently thriving link of the Manawatū-Whanganui region and wider accommodation industry since its establishment over two decades ago. The motel is backed by a lengthy lease locking it into the region.
Ohakune Court Motel occupies a sought-after location on the main road to Mt. Ruapehu and Turoa ski fields. Guests have the convenient option of taking a quick stroll to either the town centre or the Junction for leisure, cafes, and après-ski activities at the bar. “Both returning and first-time guests often rave about the stunning views of Mt. Ruapehu and Tongariro National Park, which can be enjoyed from many ground floor units and all first-level units,” Natalie says. Guests frequently utilise the motel’s sunny courtyard and balcony, regarding it the perfect spot for unwinding with an afternoon drink after partaking in the plethora of outdoor activities the region offers. The sounds of Native Tui birds and the Mangawhero River provide a soothing backdrop, eliminating stress, traffic, and crowds.
Offering 18 diverse & well-equipped guest rooms, ample courtyard parking and a range of attractive facilities, the motel is renowned for its comfort and reliability. Included in the sale of Ohakune Court Motel is a spacious and warm owner’s accommodation comprised of 2.5 bedrooms, a bathroom & a well-equipped kitchen that provides stunning outdoor views.
Upon acquiring the motel in 2020, Grant & Natalie immediately saw its growth potential. Historically, Ohakune Court Motel primarily welcomed last-minute leisure guests seeking a base to explore all that the region has to offer. However, Grant & Natalie knew it was capable of more. To bring this goal to life, they immediately started renovations. “Significant refurbishments quickly began with the goal of attracting a wider clientele and ultimately, growing sales,” says Grant.
The transformation breathed new life into Ohakune Court Motel, and Grant & Natalie’s goal certainly came to fruition. Today, the business enjoys its market position as an affordable 3.5-4 star motel that buzzes with activity in the summer months with snow-season sales contributing bonus to the bottom line. Following the refurbishment programme, the motel also saw an immediate increase in repeat corporate guests which helped the business to secure a more diverse customer base & stronger reputation.
Sandes notes that living onsite has exceptional savings benefits, and the rare option to reside in the business is initially what attracted Grant & Natalie to the accommodation sector. “We saw the motel & its owner’s quarters as a pathway to accelerate our savings, and Ohakune Court Motel certainly presented us with that opportunity, and also afforded us with a fantastic lifestyle for the family,” Natalie explains.
In addition to the area’s lifestyle perks, Ohakune Court Motel has a remarkable track record which is reflected in its glowing statistics. The business exceeds market yields, delivering an impressive 38% return on investment, supported by growing annual sales. Sales of the 12-month calendar spanning from March 2023 to February 2024 stand strong at $488,000 and profits at circa $217,000. “These figures give insight into the motel’s upward trajectory, providing confidence that this is a great time to invest and be part of the business’s growing legacy,” Sandes explains.
With the motel well-positioned for continued success and even greater heights, Sandes acknowledges that Ohakune Court Motel is the perfect entry-level motel for aspiring entrepreneurs. “This opportunity is ideal for passionate individuals seeking to enter the accommodation industry, and given the prime location, a genuine love for the outdoors would be an added advantage!”
“We struck gold with Ohakune Court Motel,” Grant reflects. “I highly recommend this motel to anyone interested in the sector, it’s a wonderful business and an excellent steppingstone to even bigger opportunities.”
Established, recognised, and priced to sell at $550,000, Ohakune Court Motel is incredible buying, blending attractive profits with a rare, idyllic lifestyle in one of New Zealand’s truly captivating regions. The pieces are all in place to make this a genuinely rewarding venture, all it needs now is a motivated new owner to lead it through its exciting new chapter. Will it be you?
To learn more about this profitable lifestyle opportunity, contact Lindsay Sandes of LINK Business Brokers on 021 895 940 or lindsay.sandes@linkbusiness.co.nz
