Nanango, Queensland
2050ML - Quality Motel Opportunity Awaits You
SOLD
Business Description
• Long term consistent performer
• 20 very well maintained rooms, 10 self-contained
• Continual repeat business
• Centre of town location, short walk to eateries
• Easy to run motel by a couple
• Good landlord
• A must to inspect!
This 20 room, 3.5 star bed and breakfast Leasehold motel has been a consistent performer over a long period of time. The current owners have refurbished most of the rooms including the bathrooms, meaning there isn't much to do now but reap the rewards. It’s now time for them to move on.
Nanango is a good sized country town located on the D'Aguilar and Burnett Highways, 190 kms north-west of Brisbane and two hours from the sunshine coast. The town centre has convenience and food stores, a supermarket, hardware, restaurants, petrol outlets, and two banks. Nanango also has several parks, playing fields, and a state-of-the-art aquatic centre. Two cellar doors are also located within a few blocks of the centre of town. The Tarong Power Station and Meandu Coal Mine are located 16kms to the south of the town and the Bunya Mountains are located about 53kms to the south-west.
Net Profit: $172,498 for 2017/18
Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2050ML (quote when enquiring)
Location: Nanango is the second-largest town in the South Burnett (as well as the 4th oldest town in Queensland) and has a population of around 4,500 residents. It is a moderately large country town and has a very friendly and informal atmosphere. The CBD features impressive chainsaw sculptures and murals which reflect the town's historical connections with timber-felling, farming and mining. The CBD area has convenience and food stores, a supermarket, restaurants and petrol outlets. Two cellar doors are also located within a few blocks of the centre of town.
Major annual events include the international Criterium Bike Race (held in Nanango's CBD in February); the Nanango Show (held at the Nanango Showgrounds in April); the Nanango Arts Festival (week in June; the Nanango Country Music Muster (held at the Showgrounds in September; the week-long Pioneer Festival (October) and the Christmas Carnival (December).
Property Code: 2779
Business Summary
Key Investment Insights
1. Long term consistent performance of the business.
2. Well-maintained rooms, with 10 self-contained.
3. Continual repeat business from satisfied customers.
4. Convenient location in the center of town, with easy access to eateries.
5. Easy to run motel, suitable for a couple.
6. Good landlord, providing a stable and supportive environment.
7. Potential for further growth and development.
8. Located in a growing and vibrant town with a friendly and informal atmosphere.
9. Annual events and festivals in the town attract visitors and potential customers.
10. Strong financial performance, with a net profit of $172,498 in 2017/18.
