Blackwater, Queensland

2156ML - HUGE CASHFLOW BUSINESS IN VERY MODERN CORPORATE MOTEL, 35 ROOMS

SOLD

Business Description

- Huge reward and conservative Net profit $300,000 plus expected

- $245,198 for Jul-Dec 2020 (6 months)

- Huge upside and growth opportunity going forward

- 22 years remaining on the lease

- 55% approximate average occupancy with considerable scope for growth

- 4 star very low maintenance quality property

- Currently run under management by a single person management team with support staff

- 35 rooms comprising 21 Doubles, 11 Twins, 2 Family suites and one disabled unit.

Highly regarded 4 star motel is approximately 14 years old and in perfect condition, set in a quiet street just off the Capricorn Highway.

The restaurant is fully licensed with a separate formal bar, al fresco dining and seating for 60 people. It is supported by the commercial motel kitchen. Currently run with Chef and support staff, easily expanded, but currently a very profitable operation

Opposite community park, Aquatic centre, adjoins retail strip shop with banking services and walking distance to CBD and all attractions including the $9m Blackwater International Coal Centre.

Vibrant region with a diverse economy based on:

- Robust and resilient agriculture and horticultural industries including beef, grain, cotton, grapes, melons and citrus.

- Dynamic small to medium-size businesses.

- Professional and government sectors

- An evolving tourism market

- Major health and education services.

- Significant new infrastructure and construction projects

The region is rich in minerals and agriculture, thriving on irrigation sourced from water storage on the Nogoa and Comet rivers. It claims the largest sapphire-producing fields in the Southern Hemisphere. Major freight routes through the region include the north-south link between Charters Towers and northern New South Wales - identified as the inland transport alternative between Cairns and Melbourne.

Net Profit: $300,000 plus

Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2156ML

Location: Blackwater is known as the Coal Capital of Queensland and the newly built, $9m Blackwater International Coal Centre showcases the Central Highlands Coal Industry for the world. The coal mines each year around Blackwater produce millions of tonnes of coking and steaming coal. The coking coal is exported to Japan, Italy, the United Kingdom, Holland, France, Spain, Greece, Chile and many other countries, while the steaming coal produced is used for power generation within Queensland.

The region is rich in minerals and agriculture, thriving on irrigation sourced from water storage on the Nogoa and Comet rivers. It claims the largest sapphire-producing fields in the Southern Hemisphere. Major freight routes through the region include the north-south link between Charters Towers and northern New South Wales - identified as the inland transport alternative between Cairns and Melbourne.

Property Code: 3728

Business Summary

Marketing Agent
Michael Philpott
Michael Philpott

Key Investment Insights

1. The business has a strong cashflow and is expected to have a conservative net profit of $300,000 plus.
2. The business has shown a profit of $245,198 for the first 6 months of 2020.
3. There is significant potential for growth and upside in the business.
4. The lease has 22 years remaining, providing stability for the business.
5. The average occupancy rate is currently at 55%, leaving room for growth.
6. The property is a 4-star motel with low maintenance requirements.
7. The business is currently run by a single person management team with support staff.
8. The motel has 35 rooms, including a mix of doubles, twins, family suites, and a disabled unit.
9. The motel has a fully licensed restaurant with a separate formal bar and seating for 60 people.
10. The business is situated in a quiet street near the Capricorn Highway and is close to local attractions.
11. The region has a diverse economy, including agriculture, small to medium-sized businesses, and major health and education services.
12. The region is currently experiencing significant growth and development in infrastructure and construction projects.
13. Blackwater is known as the Coal Capital of Queensland and has a thriving coal industry.
14. The region also has a strong tourism market and is home to the $9 million Blackwater International Coal Centre.
15. The region is rich in minerals and agriculture, with the largest sapphire-producing fields in the Southern Hemisphere.
16. The region is well-connected with major freight routes and is seen as an inland transport alternative between Cairns and Melbourne.
Listing location

This Business is sold

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