Gayndah, Queensland
AFTER 13 YEARS ILLNESS FORCES PRICE DROP TO $850,000 FANTASTIC 20% ROI FOR F/H GOING CONCERN MOTEL
SOLD
Business Description
*First time offered in 12 years
*Superbly presented 9 room Motel very easily run by 2 person management team.
*Consistent year on year turnover
*Opportunity for additional development (STCA) on 50% of a 4,047 sqm(approx.) allotment
*Spacious/ modern living accommodation
*Continually refurbished and updated by owners over the past 12 years
*Net $169,633 per annum (30/6/2021 financial year) and a very steady and well performing business over time.
Inspections strictly by appointment with Excusive Agents Ward Commercial Hotels.
Business Summary
Motel Information
Total Rooms: 9Liquor Licence: NoRestaurant: NoSale Type: Freehold
Key Investment Insights
1. The business has been operating for 13 years and is being sold due to illness.
2. The price has been reduced to $850,000, offering a fantastic 20% ROI for a freehold going concern motel.
3. The motel has 9 rooms and can be easily managed by a team of 2 people.
4. The business has shown consistent year-on-year turnover.
5. There is potential for additional development on 50% of the 4,047 sqm allotment, subject to council approval.
6. The living accommodation is spacious and modern.
7. The owners have continually refurbished and updated the motel over the past 12 years.
8. The business has a net profit of $169,633 for the 2021 financial year.
9. Inspections are strictly by appointment with the exclusive agents, Ward Commercial Hotels.
10. The motel does not have a liquor license or restaurant.
11. The sale is for the freehold of the property.
12. The business is well-performing and has shown steady growth over time.
