Bowen, Queensland
1949ML - New Lease, Great Lifestyle, Great Opportunity
SOLD
Business Description
- 12 recently renovated and spacious, beautifully presented rooms. All the rooms were refurbished in 2016-17 with modern decor, queen size beds, ensuite bathrooms
- Motel completely rewired in 2017
- Situated at the top of Whitsundays, halfway between Rockhampton and Cairns
- Landscaped gardens and lawns
- Salt-water swimming pool with spa, barbeque facilities, outdoor entertaining area
- High return and growing business
- Fantastic and rare beginners' motel or a couple wanting a comfortable lifestyle with an income
- Opportunity for further growth since completing renovations
- Owners happy to assist and provide some training with transition
- Modern living accommodation with large deck
- Excellent profile from Highway presence
- Large block 8,099 sqm
- Ample and easy parking access, ample room for a number of trucks, vans, boat trailers, etc
- Relaxed lifestyle
This 12 room motel is beautifully presented and has recently been refurbished, completely rewired and the rooms and front repainted. The fitout is modern, and the repeat business is on the increase. The home that compliments the property for the owners (you) is a modern two-bedroom free-standing house with its own balcony and private outside area to enjoy.
The financials presented will show an income for the 2017/18 period, but please note the property was closed for the renovations and repositioning. Accordingly, conservative expectations are that the motel will turnover $250,000 for 2018/2019. The new lease asking price and the rent are based on this figure. July and August 2018 sales give a glimpse of the future here. There is real opportunity here, with increasing occupancy, increasing turnover and nothing to spend.
Boasting over two acres of landscaped gardens, there is ample scope to increase this business and cash in on the massive growth in the region with the major expansion of the coal export facility, natural gas pipeline, and new mining developments.
The area has a strong future. Fantastic as a starter of for semi-retirement as an income.
Net Profit: $71,849 (not 12 months trading) Expected $102,000 for 2018/19
Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1949ML (quote when enquiring)
Property Code: 2890
Business Summary
Key Investment Insights
1. Recently renovated and spacious, beautifully presented rooms with modern decor, queen size beds, and ensuite bathrooms.
2. Motel completely rewired in 2017.
3. Located at the top of Whitsundays, a popular tourist destination halfway between Rockhampton and Cairns.
4. Landscaped gardens and lawns, salt-water swimming pool with spa, barbeque facilities, and outdoor entertaining area.
5. High return and growing business.
6. Fantastic opportunity for beginners or a couple looking for a comfortable lifestyle with income.
7. Potential for further growth since completing renovations.
8. Owners willing to assist with transition and provide training.
9. Modern living accommodation for owners with a large deck.
10. Excellent profile from Highway presence.
11. Large block of 8,099 sqm with ample parking for trucks, vans, and boat trailers.
12. Relaxed lifestyle in a beautiful location.
13. Financials show an income for 2017/18, but conservative expectations for 2018/19 are $250,000.
14. Real opportunity for increasing occupancy and turnover with nothing to spend.
15. Over two acres of landscaped gardens, with potential for further expansion.
16. Strong future potential with major developments in the region.
17. Ideal for a starter business or semi-retirement income.
18. Net profit of $71,849 (not 12 months trading) with an expected $102,000 for 2018/19.
