Charleville, Queensland
FANTASTIC, PROFITABLE HOTEL BUSINESS IN ONE OF AUSTRALIA’S BEST LOVED OUTBACK TOWNS - 1985HF
SOLD
Business Description
- Freehold showing 24%+ return. Absolute bargain but with a lot of cash
- 50 rooms ranging from budget to VIP and also including staff accommodation.
- Profile CBD location convenient to all the area offers.
- Iconic property with a seven-figure turnover.
- 3,518 m2 over two lots.
- Separate office and guest reception.
- Equipped with linked computer system which is supported by the property website and online booking options.
- Seating for 70 in the dining room.
- Well stocked Bottlemart and room for expansion.
- 3 bedroom + residence.
- Recent installation of solar considerably reducing daytime running costs.
- Building rewired in 2016 to comply with insurance and fire regulations.
- Commercial Laundromat that generates continual cash.
- Coin operated dog wash that generates continual cash.
- Two vacant shop available for expansion or lease if you elect to do so.
- Includes 3 rooftop rooms with exclusive access to the deck and outdoor champagne baths, period furniture and private bathroom.
- Boardroom, beer gardens, other revenue areas and potential for more growth.
One of Queensland’s tourism attractions is offered for sale. This magnificent property covers two large mid-town lots in the historic pastoral town of Charleville. Rarely do we have the privilege to market properties with such historic value.
The property has a fantastic mix of diversified revenue sources from accommodation, bar sales, bottle shop turnover, restaurant trade, commercial leased areas and a couple of cash businesses (Laundromat and dog wash). Other income is available from daily historic tours. The accommodation varies from Heritage suites to budget rooms as well as motel rooms and staff quarters.
If you have ever considered a change of pace and would like to own a profitable business in one of Australia’s best loved outback hotels this offering deserves your further consideration.
Net Profit: $605,370 for 2022/23
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1085HF (quote when enquiring)
Property Code: 4305
Business Summary
Key Investment Insights
1. Prime location in a popular outback town, offering a unique and sought-after experience for tourists.
2. Diversified revenue sources from various income streams, including accommodation, bar and restaurant sales, commercial leases, and cash businesses.
3. Well-established and iconic property with a seven-figure turnover, providing a solid foundation for future growth.
4. Wide range of accommodation options, catering to different budgets and needs.
5. Well-equipped with modern technology, including a linked computer system and online booking options.
6. Additional revenue potential from daily historic tours and potential for further growth.
7. Recent upgrades, including solar installation and building rewiring, reducing operational costs and ensuring compliance with regulations.
8. Includes a spacious 3-bedroom residence, providing on-site accommodation for owners or managers.
9. Potential for further expansion or leasing of two vacant shops on the property.
10. Rare opportunity to own a historic and profitable hotel business in one of Queensland's top tourist destinations.
