Nanango, Queensland

RETURNING A 50% ROI - ID 2145ML

SOLD

Business Description

- 20% price reduction at $250,000 Firm.

- Providing a 50% return on investment.

- Net Profit after Rent circa $125,000.

- High occupancy rates year on year, with potential to increase room rates and income.

- 16-unit motel with various room configurations.

- 22 years remain on the lease from May 2022.

- Strong repeat corporate business.

- Brick/block construction with undercover parking.

- Owner wants it sold and has met the market on price!

Very easy to run motel. All cleaning is done by one casual cleaner, so wages are kept to a minimum.

The majority of trade is repeat business from long established companies and Tradies that service the nearby power station and adjacent coal mine. The coal mine recently sold for $150 million dollars which secures the mine and power station’s long-term future.

Nanango boasts excellent schools both public and private, eateries and the charming feel of a genuine country town just two hours to the Sunshine Coast.

The owner's accommodation comprises of three bedrooms, air conditioning, all with built-ins, large living area with air conditioner and wood fireplace.

Net Profit: $128,024 for 2020/21

Contact Richard O’Connell from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2145ML (quote when enquiring)

Property Code: 3896

Business Summary

Marketing Agent

Richard O'Connell

0477 01....

Tourism Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

- The business offers a high return on investment of 50%, providing a lucrative opportunity for potential buyers.
- With a net profit of approximately $125,000 after rent, the business is financially stable and profitable.
- The high occupancy rates year on year indicate a strong demand for the motel's services, with potential for even higher income by increasing room rates.
- The 16-unit motel offers a variety of room configurations, catering to a diverse range of guests.
- The long lease of 22 years remaining from May 2022 provides security and stability for the business.
- The motel has a strong repeat corporate business, ensuring a steady stream of customers.
- The brick/block construction and undercover parking add value to the property and make it a desirable investment.
- The owner is motivated to sell and has reduced the price by 20%, making it an attractive and affordable opportunity for buyers.
- The business is easy to run with minimal staffing requirements, keeping wages low and increasing profitability.
- The location of the motel in Nanango, with its excellent schools, eateries, and charming country town atmosphere, adds to its appeal.
- The owner's accommodation is spacious and comfortable, providing a desirable living situation for the new owner.
- The net profit for 2020/21 was $128,024, demonstrating the business's consistent profitability.
- The property has a unique ID of 2145ML and can be quoted when enquiring.
- The property code is 3896.