NEW LEASEHOLD LISTING. EXCELLENT 47% YIELD. STRONG TURNOVER AND LOW RENT
$740,000
Business Description
*2023 Adjusted Net Profit of $350162 based on BAS figures.
*2023 Turnover $692 236 Occupancy 61.9% Average room rate $127.67 (ex GST)
* 2023 Rent of $113 636 represents only 24.5% of total adjusted net profit. Rent is annually CPI adjusted.
*Comfortable 3-bedroom residence, with large lounge and covered outdoor area.
*24 ground unit motel, large reception and swimming pool.
1. Strong financial performance with a 47% yield and an adjusted net profit of $350,162 in 2023.
2. Consistent and strong turnover of $692,236 in 2023, with a high occupancy rate of 61.9% and an average room rate of $127.67 (ex GST).
3. Low rent of only $113,636 in 2023, representing only 24.5% of the total adjusted net profit. Rent is annually CPI adjusted.
4. Comfortable 3-bedroom residence with a large lounge and covered outdoor area included in the leasehold.
5. 24 ground unit motel with a large reception area and swimming pool, providing a desirable and attractive accommodation option for guests.
6. Potential for further growth and profitability with the opportunity to increase room rates and occupancy rates.
7. Prime location with high visibility and accessibility, making it a popular choice for travelers.
8. Established and reputable business with a loyal customer base and positive reviews.
9. Well-maintained and modern facilities, providing a comfortable and enjoyable stay for guests.
10. Opportunity for owner-operator or management team to take over and continue the successful operations of the business.
