Goondiwindi, Queensland
HUGE UPSIDE FOR LEASEHOLD MOTEL - 1811ML
SOLD
Business Description
Opportunity awaits for a motivated new owner.
- 19 budget rooms in quiet position only 400ms from the main street.
- Walk to CBD, shops, pubs, restuarants, etc.
- Onsite pool, barbeque area and low maintenance grounds.
- Undercover parking for guests.
- 2 bedroom residence attached to motel but separate to reception.
- No restaurant, only breakfast if you choose to offer it.
Goondiwindi is one of the strongest motel towns in all of Queensland and here is your chance to get a foot in the door and make some serious coin if you are willing to put in the hard work.
This is a serious opportunity to add capital value to your asset. This is a town where some motels run over 90% occupancy and you have a starting point around 60%. Don’t be fooled, you are not buying a high 4 star property but the bones are here and with 19 rooms, small improvements will add to the bottom line very quickly. It can be easily managed by a hands-on couple with casual cleaners. This is an ideal first-time operation .
Be brave and set your sights on making a change today!.
Turnover $406,086 for 2021/22 and $266,012 for July-December 2022 (6 months)
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1811ML (quote when enquiring)
Property Code: 3071
Business Summary
Key Investment Insights
1. Opportunity to increase occupancy rates and revenue by making improvements to the property and implementing effective marketing strategies.
2. Prime location in a strong motel town with high occupancy rates.
3. Low maintenance grounds and facilities, making it easy to manage.
4. Potential to add value to the property and increase its capital value.
5. Separate 2 bedroom residence attached to the motel for the owner/manager.
6. No restaurant, providing the option to offer breakfast only.
7. Ideal for a hands-on couple or first-time motel owners.
8. Strong turnover figures for 2021/22 and projected for the next 6 months.
9. Motivated seller looking for a quick sale.
10. Experienced broker available for further information and inspections.
