Normanton, Queensland
Profitable Queensland Leasehold Hotel Opportunity – Includes Gaming & Accommodation, Price Negotiable
Leasehold $1,600,000 Price negotiable
Business Description
CRE Brokers are proud to be appointed as the exclusive selling agents for one of Australia's most iconic Hotels in outback Queensland for the first time in almost 20 years.
This Hotel has a long and demonstrated history of being extremely well supported by the community and offers the new owner the benefit of an outstanding team of staff with operational systems in place that allow operation of the Motel either onsite or as a passive investment under management (as it is currently operated).
Upgrades include POS with ICONTROL software, new split system A/C units throughout the Hotel and Motel, cold-room, fridges and freezers in the kitchen, upgraded decor and television.
Numerous Income Streams:
. Accommodation -17 Room Motel with 12 rooms upstairs for staff
. 14 x Gaming Machines
. Bottle Shop- Drive thru
. Bistro
. Bar
With a long lease term remaining and 14 very well performing gaming machines this business offers new owners outstanding cash flow business and opportunity to further increase revenue and profitability.
Business Summary
Other Features / Notes
A:LEASEHOLD, B:HOTEL/BAR, C:QLD - Cairns & NorthKey Investment Insights
1. Exclusive selling agents for iconic Hotel in outback Queensland
2. Long and demonstrated history of community support
3. Outstanding team of staff in place
4. Operational systems allow for onsite or passive investment under management
5. Upgrades including POS, A/C units, cold-room, fridges, and decor
6. Multiple income streams including accommodation, gaming, bottle shop, bistro, and bar
7. Long lease term remaining
8. 14 well-performing gaming machines
9. Strong cash flow business
10. Opportunity for further revenue and profitability growth.
