Mackay, Queensland
A BUSINESS YOU WILL BE PROUD TO OWN - 2783ML
SOLD
Business Description
- New lease, direct from the Freehold Owner.
- 28 ensuite letting rooms - 26 at ground level plus 2 on an upper level, with an allocated car park per room and a guest laundry.
- The Freehold owners have been through the property in detail from October 2023 and have completed a number of upgrades from painting the units, replaced bed heads, replaced side tables, replaced and checked A/C Units, replaced a number of televisions with smart televisions and installed a number of microwaves.
- Reception with adjoining restaurant / bar and a commercial kitchen; three bedroom manager’s residence above the reception / restaurant.
- Porte-cochere adjoining reception, inground pool and an illuminated pylon sign.
- Fully licensed with a separate bar adjoining reception and feature timber doors opening onto an external patio.
- Seating for 50 people.
- Commercial appliances, stainless steel benching and shelves, commercial dishwasher, cool room and freezer, dry storage and epoxy resin floors.
- Strong trading history.
- Recipient of TripAdvisor Travelers Choice and Certificate of Excellence.
- 3km from the Mackay Airport and Mackay City Centre, the motel is within walking distance to 24 hour IGA supermarket, shops and post office, medical centre and Shamrock Hotel.
- Stroll to the Mackay town centre in just 30 minutes.
- Because of the upgrade that commenced in October 2023, a number of rooms were out of action and used by family and workers whilst the works were completed. That removed the ability for guests and the expected Net for ---------- is in the $370K range after rental, but going forward for the 2024 Cal year, it is expected to be closer or in vicinity of $500K.
- Currently 7 staff are at the property and all wish to remain, the current owners are often away and the team are able to manage and operate whilst the owners are away.
- Asking price is plus Stock at Cost.
Net Profit: $408,721 for 2021/22
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2783ML (quote when enquiring)
Property Code: 4880
Business Summary
Key Investment Insights
1. Well-maintained property with 28 ensuite letting rooms and a guest laundry.
2. Recent upgrades completed by Freehold owners, including painting, new furniture and appliances.
3. Reception with adjoining restaurant/bar and a three bedroom manager's residence.
4. Porte-cochere, inground pool, and illuminated pylon sign.
5. Fully licensed with a separate bar and seating for 50 people.
6. Commercial kitchen with modern appliances and ample storage.
7. Strong trading history and recipient of TripAdvisor awards.
8. Convenient location, within walking distance to shops, restaurants, and public transportation.
9. Potential for increased profits due to recent upgrades and expected net profit of $500K for 2024.
10. Experienced and reliable staff willing to stay on under new ownership.
11. Asking price includes stock at cost.
12. Net profit of $408,721 for 2021/22.
13. Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
14. Property ID: 2783ML.
