Millmerran, Queensland
SMALL LEASEHOLD WITH BIG PROFITS 45% ROI - ID 2046ML
SOLD
Business Description
We are pleased to offer this great option for someone looking to enter the industry and get ahead in life. For a small motel it punches above its weight in regard to turnover and profit.
This budget style motel is centrally located on the main street of Millmerran and is a leisurely walk for your guests to the pub or club for dinner.
The motel offers:
- 11 rooms: 2 queen, 6 twin and 3 family rooms.
- Onsite kitchen separate to the residence if you want to offer food.
- Small breakfast room if needed.
- Undercover barbeque area for guests.
- 2 bedroom residence with small attached reception.
- Ample parking onsite and in rear street for larger vehicles.
- Leasehold Motel
The motel mainly caters to workers and people visiting relatives in town. Twice a year the local power station shuts down for maintenance and the property is fully booked for those 60 days for the next four years.
The current owners are looking to retire and offer this little cash cow to a new operator on a walk-in walk out basis.
Call now to arrange a private inspection.
Net profit $181,217 for 2022 as provided by vendor
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2046ML (quote when enquiring)
Location: Millmerran Shire boasts a diverse range of rural primary production enterprises. From traditional sheep and cattle grazing through to fish farming, from cotton to broccoli, from intensive piggeries and egg farms to geraldton wax flowers and olives, from organic farming to feedlots, from cereal grains to timber. Located on the western fringe of the Darling Downs, Millmerran offers a fascinating mix of experiences, sights and characters. You will see the best of Darling Downs living in the rich agricultural area of the Condamine and Macintyre catchments, and experience the spirit of the Western Downs through the town's unique attractions and festivals.
Property Code: 4243
Business Summary
Key Investment Insights
1. Prime location on main street of Millmerran, providing easy access for guests to local amenities and attractions.
2. Strong turnover and high profitability, with a 45% return on investment.
3. 11 well-maintained rooms, including a mix of queen, twin, and family rooms.
4. Additional facilities such as an onsite kitchen, breakfast room, and undercover barbeque area for guest use.
5. Includes a 2-bedroom residence with attached reception area.
6. Ample parking onsite and in rear street for larger vehicles.
7. Mainly caters to workers and visitors to the area, with guaranteed bookings for 60 days twice a year due to local power station maintenance.
8. Walk-in walk-out basis for easy transition to new operator.
9. Located in a diverse and thriving rural community with a range of agricultural enterprises.
10. Strong potential for growth and expansion with the right management and marketing strategies.
