Mount Isa City, Queensland
True Money Earner - 2834ML
LEASEHOLD $1,800,000
Business Description
- Modern build with Motel constructed 2006 and the Townhouses 2014
- 34 room motel, office/ reception, restaurant, bar and managers residence.
- 5 x 3 bedroom with 2 bathroom serviced apartments / townhouses each with lock up garages.
- All rooms have a kitchenette, LCD televisions, Foxtel, Wi-fi and air conditioning
- Highly reputable and well-established accommodation provider.
- Low maintenance cement render with metal roofing.
- The motel and apartments offers modern and well-maintained facilities, including spacious and comfortable guest rooms, a licensed bar and restaurant, conference rooms, and ample parking.
- Fully licensed with a separate bar, indoor and outdoor seating.
- Conveniently situated close to the city center, shopping precincts, restaurants, and Airport, making it an ideal choice for both business and leisure travelers.
- Numerous opportunities to expand and enhance the business enhancing marketing strategies, and capitalizing on economic growth and increasing visitor numbers.
- Major service centre.
Net Profit: $568,000 for 2023/24
Contact Michael from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2834MF (quote when enquiring)
Property Code: 5183
Business Summary
Key Investment Insights
Some key insights for this business for sale listing include:
1. Established and Profitable Business: The motel and serviced apartments have been in operation for many years and have a strong track record of profitability. This makes it a reliable investment opportunity for potential buyers.
2. Modern and Well-Maintained Facilities: The property was constructed in 2006 and 2014, ensuring that all rooms and facilities are modern and well-maintained. This is a major draw for guests and can help attract repeat business.
3. Diverse Accommodation Options: The property offers a range of accommodation options, including a 34 room motel and 5 serviced apartments/townhouses. This allows for a diverse customer base and can help attract different types of travelers.
4. Convenient Location: The property is conveniently situated close to the city center, shopping precincts, restaurants, and airport, making it an ideal choice for both business and leisure travelers. This can help attract a steady stream of guests throughout the year.
5. Potential for Growth: There are numerous opportunities to expand and enhance the business, such as implementing effective marketing strategies and capitalizing on economic growth and increasing visitor numbers. This can help increase revenue and profitability.
6. Fully Licensed: The property is fully licensed with a separate bar, indoor and outdoor seating. This allows for additional revenue streams and can help attract guests who are looking for on-site dining and entertainment options.
7. Low Maintenance: The property features low maintenance cement render with metal roofing, reducing the need for ongoing maintenance and repairs. This can help keep operating costs low and improve profitability.
8. Major Service Center: The property is located in a major service center, which can help attract a steady flow of guests and ensure a consistent level of occupancy throughout the year.
9. Experienced and Reputable Provider: The business has a strong reputation as a reliable and high-quality accommodation provider. This can help attract new guests and retain existing ones.
10. Strong Future Projections: The
