Charters Towers, Queensland
NORTH QLD HOTEL/MOTEL FREEHOLD OPPORTUNITY - 145HF
FREEHOLD $5,400,000 + sav
Business Description
FREEHOLD HOTEL MOTEL FOR SALE
First time offered in a Freehold Going Concern for 30 years. A very popular family tavern offering all the conveniences in northern Qld town of approximately 150,000.
- 18 motel rooms and 4 self-contained cabins (22 in total).
- Good onsite and off-street parking.
- Low-set profile.
- Public bar.
- Gaming lounge – recently refurbished.
- Family bistro and undercover outdoor deck (seating for 200).
- 25 gaming machines with high turnover.
- TAB - two terminals.
- Drive-through bottle shop can be serviced by bar staff - cost effective.
- Located on the fringe of a busy town with tremendous street frontage.
- All equipment unencumbered.
- Rare opportunity - arguably the best available.
Adjusted Net Profit: $675,980 for 2024/25 with the ability to improve
Contact Laurence from Tourism Brokers for further information or to arrange an inspection.
Property ID: 145HF (quote when enquiring)
Property Code: 5414
Business Summary
Key Investment Insights
1. First time offered as a freehold going concern in 30 years, indicating a rare market entry opportunity.
2. Established family tavern in northern Queensland serving a town of approximately 150,000, implying an existing customer base.
3. Freehold includes both hotel and motel operations, with 22 accommodation units comprising 18 motel rooms and 4 self-contained cabins.
4. Strong gaming operation, 25 gaming machines with high turnover, plus a recently refurbished gaming lounge.
5. Diversified revenue streams including public bar, family bistro, TAB with two terminals, and a drive-through bottle shop.
6. Large food and beverage capacity, family bistro with an undercover outdoor deck seating 200, supporting events and high-volume trade.
7. Drive-through bottle shop can be staffed by bar personnel, offering a cost-effective operational model.
8. Property location on the fringe of a busy town with tremendous street frontage, aiding visibility and access.
9. Good onsite and off-street parking, supporting accommodation and patron convenience.
10. All equipment unencumbered, simplifying transaction and reducing immediate capital encumbrances.
11. Low-set profile building, potentially lower maintenance and accessibility advantages.
12. Adjusted Net Profit $675,980 for 2024/25, with stated ability to improve, indicating solid cashflow and upside potential.
