Key Investment Insights
1. The business has a leasehold of 30 years, providing long-term stability for the tenant.
2. The adjusted net profit for 2018 was $135,599, which is a strong financial performance for a starter business.
3. The rent for the property is $85,000 + GST, which is only 38.6% of the total profit, making it a profitable investment.
4. A new 30-year lease has been secured, providing further stability for the tenant.
5. All 13 rooms have been fully refurbished, ensuring a high standard of accommodation for guests.
6. Each room has full cooking facilities, including a stove top, sink, and microwave oven, providing convenience for guests.
7. The property includes a studio unit for the residence, which has a new bathroom and laundry.
8. Guests have access to coin-operated laundry facilities, providing an additional source of income for the business.
9. The property has ample sealed parking, ensuring convenience for guests.
10. The pool surrounds have recently been renovated, providing a modern and attractive feature for guests.
11. The property is low maintenance, making it easy to operate and manage.
12. The business has a 5kW solar system, which is a great cost-saving feature.
13. The property is located in Dubbo, a popular tourist destination, providing a strong market for the accommodation business.
14. With all renovations and updates completed, the business is ready for immediate operation.
15. The business has a strong potential for growth and expansion, with the growing demand for accommodation in the area.
ROI Estimate: 34.33%