Cardwell, Queensland
21 year Leasehold with Great Passing Traffic and Multiple Income Streams - 2636ML
UNDER CONTRACT
Business Description
Beautifully presented 40 room resort style leasehold motel, across from the beach at Cardwell, home of Hinchinbrook Island.
The property is conveniently located on the main road (Bruce Hwy) travelling north or south through Cardwell, only meters from the beach. The gorgeous beachside town of Cardwell is situated 1.5 hours north of Townsville and 2 hours south of Cairns.
Recently upgraded rooms, full tavern license with bar and restaurant, and fully stocked drive through bottle shop, this motel is ready for the next phase of its growth.
Ideally suited to a husband and wife team, with immediate potential to either work the restaurant or lease it out for immediate income.
Currently netting $235,038 it is well priced at $900,000 with a ROI of 27%.
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2636ML (quote when enquiring)
Property Code: 3607
Business Summary
Key Investment Insights
1. Prime location: The motel is situated on the main road (Bruce Hwy) in Cardwell, a popular tourist destination known for its beautiful beaches and proximity to Hinchinbrook Island. This location ensures a steady flow of passing traffic, providing a great opportunity for business growth.
2. Multiple income streams: The motel offers multiple income streams including accommodation, a fully licensed tavern with bar and restaurant, and a drive-through bottle shop. This diversification of income sources minimizes risk and increases potential for profitability.
3. Recently upgraded: The motel has recently undergone renovations and upgrades, ensuring that the property is in top condition and ready for the next phase of growth.
4. Ideal for a husband and wife team: The business is well-suited for a husband and wife team to operate, with the potential for one partner to manage the restaurant while the other manages the accommodation side of the business.
5. Potential for immediate income: The restaurant can be leased out for immediate income, providing a potential boost to the business's profitability.
6. Strong financials: The business currently has a net profit of $235,038 and is priced at $900,000 with a return on investment of 27%, making it a financially sound investment opportunity.
7. Experienced broker: The sale is being handled by Tourism Brokers, a reputable and experienced broker, providing peace of mind to potential buyers.
8. Property ID: The property has a unique Property ID (2636ML) which can be used for easy identification and reference when enquiring about the business.
9. Property code: The property also has a designated property code (3607) which can be used for easy identification and reference when enquiring about the business.
10. Potential for further growth: With its prime location and multiple income streams, there is potential for further growth and expansion of the business, making it a promising investment opportunity.
