1 Mary Street, Queenstown, Tasmania
Rare 60 Room 3.5 Star Freehold Motel In Adventurous West Coast Tasmania Adj Avg Profit 2 Years $470k
SOLD
Business Description
Go Big With West Coaster Motel Queenstown-Turnover 6 months for 2023 FY in excess of $940,000.
We are excited to present an all-in-one motel offering 15% ROI in the booming tourism town of Tasmania. West Coaster Motel in Queenstown Tasmania is offered for sale for the first time in circa 18 years.
It is a complete package on approx 1.1 acres- Your 3BR home, business and investment.
Current owners have consistently worked over the years to improve this business, and it is now at a stage where it can be run by new owners or their management team.
This 3.5 star motel is the biggest motel on the West Coast of Tasmania, known for its immaculate clean environment and exceptional customer service.
It is a perfect setup for someone who is looking for a tree change, an easy lifestyle living in West Coast Wilderness town or an astute businessman who is looking for an addition to their portfolio.
Why you should buy this motel:
>Member of Golden Chain, which means more exposure Australia-wide.
>Quality tourism accredited business.
>Great value, sale price that is less than the current replacement cost, a valuation may surprise you.
>Centrally located in Queenstown, close to various popular tourist attractions such as West Coast Wilderness Railway, world-famous MTB trails and more.
>A1 presentation, revenue source includes accommodation and a fully licensed 110++ seat restaurant.
>Excellent reputation and rooms suitable for every traveller.
>Workers form a large portion of clientele. Patrons also include locals, tourists-national & international and corporate clients.
>Plenty of onsite parking.
>Cater for large Coach Groups, Motor Bike Clubs + much more.
>On-site guest and hotel laundry.
>Well-trained staff and all the operating systems and procedures in place.
If you are looking for a motel that has upsides, potential to increase the revenue even further, consistent income, repeat customers and require no major improvements. Then look no further.
Call our professional business brokers today for an inspection.
Call Praveen Pant on ---------- or contact Paul Scott on ---------- email: ----------
INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.
NOTE: All figures are approximate.
Business Summary
Key Investment Insights
1. The motel is located in a booming tourism town in Tasmania, making it an attractive investment opportunity.
2. The business has consistently shown strong profits, with an average profit of $470,000 over the past 2 years.
3. The motel offers a 15% ROI and is being sold for less than the current replacement cost.
4. It is a complete package, including a 3-bedroom home, business, and investment on approximately 1.1 acres of land.
5. The motel is a member of Golden Chain, providing exposure Australia-wide.
6. It is a quality tourism accredited business, ensuring high standards of service and accommodation.
7. The location is central and close to popular tourist attractions, such as the West Coast Wilderness Railway and MTB trails.
8. The motel has an A1 presentation and includes a fully licensed restaurant with 110+ seats.
9. The business has an excellent reputation and caters to a diverse range of clientele, including workers, tourists, and corporate clients.
10. There is ample on-site parking and the motel can accommodate large groups.
11. The business has potential for further growth and expansion, with opportunities to increase revenue.
12. The current owners have well-trained staff and established operating systems and procedures in place.
13. The business brokers can provide further information and arrange inspections for interested buyers.
