Lakeland, Queensland

ICONIC FNQ ROADHOUSE FOR SALE WITH HEALTHY NET PROFIT OF $225K SHOWING +25% ROI | Resort Brokers ID : FH007047

$895,000 + SAV

Business Description

This is your great opportunity to purchase the freehold going concern of the historic and iconic Palmer River Roadhouse. The business has returned to pre-Covid trading levels and is well placed to take advantage of the expected surge in growth of the regional domestic tourism market. Featuring a strong diversified income mix from accommodation, fuel and food & beverage, the business has established a consistent trading pattern for many years. The owners have invested significantly in a capital sense to the property over the past 5 years, providing the new owner with the opportunity to move in and not having to spend any funds on improvements. This is a terrific opportunity to enter the freehold market in the growing far north Queensland market.

- Healthy net profit of $225k showing a +25% return
- New amenities block built-in 2016/2017
- New ULP (5,800 lt) & Diesel (12,000 lt) fuel tanks installed 2018
- New 58kva generator added 2020
- Strong diversified income consisting of accommodation, fuel and food & beverage
- Great highway location adjacent to the historic Palmer River
- 30 seat restaurant + massive, attractive outdoor dining area & beer garden
- Contains artifacts and museum focusing on the "gold rush" era
- Property inspections are by appointment only
Date updated: 01 Dec 2023 00:00:05

Business Summary

Business Snapshot

Price: $895,000 + SAV Net Profit: $225,723

Marketing Agent

Shane Croghan

ResortBrokers

Key Investment Insights

1. Strong net profit of $225k showing a +25% return on investment.
2. Diversified income mix from accommodation, fuel, and food & beverage.
3. Consistent trading pattern for many years.
4. Significant capital investment in the property over the past 5 years.
5. Located in a growing regional domestic tourism market.
6. New amenities block built in 2016/2017.
7. New ULP and diesel fuel tanks installed in 2018.
8. New 58kva generator added in 2020.
9. Great highway location adjacent to the historic Palmer River.
10. 30 seat restaurant with a large outdoor dining area and beer garden.
11. Contains artifacts and a museum focusing on the "gold rush" era.
12. Property inspections are by appointment only.

ROI Estimate: 25.22%