Ascot, Queensland
GREAT STARTER MOTEL LEASEHOLD IN BRISBANE SHOWING 39% RETURN!
SOLD
Business Description
We are pleased to have been appointed as Exclusive Brokers to market the leasehold interest of the Airway Motel.
Airway Motel located in Ascot, very close Eagle Farm and Doomben Racecourses, and Ascot Village. Other sporting venues close such as Royal Queensland and Nudgee Golf Courses or for rugby and cricket fans the Suncorp Stadium and The Gabba are a short drive.
The Airway Motel is patronized by families and people wanting to attend the many events held in nearby sporting facilities.
The Motel is within the Brisbane Airport Precinct and as such a good place to stay before flying or cruising.
The Motel consists of two buildings constructed of Brick Block. It boasts 21 rooms with most car parking undercover. There are many configurations of room to accommodate families, couples and individuals. They serve breakfast and are informative about the local restaurants in the area for other meals.
The Business has averaged adjusted Nett Profit of $132,000 over the last 3 years and is priced to sell at the asking price of $335,000.
Business Summary
Key Investment Insights
1. Well-established and profitable motel business located in a prime location in Ascot, Brisbane.
2. Close proximity to popular sporting venues and Brisbane Airport, making it a convenient choice for travelers and event attendees.
3. Consists of 21 rooms with various configurations to cater to different types of guests.
4. Most car parking is undercover, providing added convenience for guests.
5. The business has shown consistent and strong financial performance, with an average adjusted Nett Profit of $132,000 over the last 3 years.
6. Priced competitively at $335,000, offering a great return on investment with a 39% return.
7. Experienced and knowledgeable management team in place, with a good understanding of the local area and its offerings.
8. Opportunity for further growth and expansion, with potential to increase revenue through marketing and partnerships with local businesses and events.
9. Strong reputation and positive reviews from past guests, providing a solid foundation for continued success.
10. Ideal for a first-time buyer or experienced operator looking for a profitable and well-established business in the hospitality industry.
