Mackay, Queensland
OUTSTANDING MONEY MAKER WITH PROVEN PERFORMANCE - 2691ML
SOLD
Business Description
- Achieving in excess of 36% after addbacks (Detailed financials available).
- Food and Beverage only accounts for 11% of total Income.
- 89% Occupancy for 2022/23 FY to date with room to grow and add value. .
- Secure long lease with low sustainable rental.
- 65% direct bookings with only 20% OTA (Expedia and Booking.com) and 15% GDS.
- Exceptional quality 4 star Motel brilliantly positioned on main road with a strong business profile and street presence. Star rating assessment completed November 2022 with strong 4 star rating retained.
- 40 executive rooms ideal for corporate and leisure alike. Mix includes self-contained apartments and executive suites. All rooms are spacious and well appointed.
- Well diversified marketing mix with exceptionally high return loyal business.
- Resort style pool.
- Fantastic, licensed restaurant and bar with alfresco area overlooking pool (Outdoor and indoor seating areas). Generally, inhouse guests only.
- Conference area is well serviced and spacious with direct access off reception and rear access from kitchen and restaurant areas.
- Currently fully run under management with a team that would like to stay on for the longer term and continue to bolster the business. Exceptional quality long term and reliable staff.
- Rendered block construction under tile roof.
- Rare, huge four bedroom executive/family size residence with private balcony. Direct access off reception, behind counter and seperate access area as well.
- Popular location, 5 minutes to the airport, hospital, and CBD with 200m walk to shopping services. Stroll to the Mackay town centre in just 30 minutes.
- A business you will be proud to own with upgrade works recently completed.
Net Profit: $536,959 for 2021/22
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2691ML (quote when enquiring)
Property Code: 4293
Business Summary
Key Investment Insights
1. Strong financial performance with a net profit of $536,959 for 2021/22.
2. Diversified income streams with food and beverage only accounting for 11% of total income.
3. High occupancy rate of 89% for 2022/23 FY to date with potential for further growth and value-adding opportunities.
4. Secure long lease with low rental costs.
5. Majority of bookings are direct, reducing reliance on third-party booking platforms.
6. High-quality 4-star motel with strong business profile and street presence.
7. 40 executive rooms catering to both corporate and leisure guests.
8. Well-established and loyal customer base.
9. Resort-style pool and licensed restaurant and bar with alfresco area.
10. Spacious conference area with direct access from reception and kitchen.
11. Experienced and reliable management team willing to stay on.
12. Rare four-bedroom executive residence with private balcony.
13. Convenient location with easy access to airport, hospital, CBD, and shopping services.
14. Recent upgrade works completed, making it a business to be proud of.
