Queensland
New 30 Year Leasehold Motel
Leasehold $350,000
Business Description
* 12 unit motel with self contained units
* Well presented - largely block and brick construction
* Inground swimming pool with undercover BBQ area
* Excellent main road position with large frontage and undercover parking
* Operated by husband and wife team
* No food preparation
* Accountant's Financial Statements available to genuine enquiries
* New 30 year lease available
* Potential to increase trading of the business
* Current owner selling after long term ownership
* Net Profit After Rent circa $135,000 (FY24 based on YTD) - high return on investment with low commencing rental
Queensland Tourism & Hospitality Brokers (QTHB) has compiled this information from sources we believe to be reliable, however QTHB does not give any warranty as to the accuracy, error or omission of information, if any. Interested parties should rely on their own enquiries.
Business Summary
Motel Information
Total Rooms: 12Sale Type: LeaseholdLease Term: 30 years
Key Investment Insights
1. The motel has a well-presented and attractive appearance, with largely block and brick construction.
2. The property includes an inground swimming pool and undercover BBQ area, providing additional amenities for guests.
3. The motel is located in a prime position on a main road, with a large frontage and undercover parking for guests.
4. The business is currently operated by a husband and wife team, indicating potential for a hands-on owner to take over and potentially increase profitability.
5. The motel does not offer food preparation services, which may present an opportunity for a new owner to introduce a food and beverage component to increase revenue.
6. The accountant's financial statements are available for genuine enquiries, providing transparency and potential for due diligence.
7. The opportunity to secure a new 30 year lease is a major selling point, providing long-term stability and potential for growth.
8. There is potential to increase the trading of the business, indicating potential for growth and increased profitability.
9. The current owner has had long-term ownership of the business, which may indicate a stable and successful operation.
10. The net profit after rent is estimated to be around $135,000, providing a high return on investment with a low commencing rental cost.