Roma, Queensland
IMPRESSIVE FHGC MOTEL - STRONG REGIONAL QLD TOWN
$7,700,000 FHGC
Business Description
Opportunity to secure a freehold going concern motel, located in booming Roma. With 29 self-contained apartments and nine motel style rooms, the scale of this property is impressive. Eleven apartments were fully renovated from top to bottom over the last two years. High occupancy of 74 per cent, with over 50 per cent repeat corporate trade. Increasing turnover and high net profit
- Extensive refurbishment undertaken.
- Key contacts with huge market share
- 29 of 38 rooms/suites fully self-contained
- Currently run under management with owners doing relief management
- Great staff retained on above award wages.
- Strong tariffs with yearly growth
- High 74% occupancy with better than 50% repeat trade
- Only 5% food and beverage
- Land for future development (STCA)
Call now for further information
Property Code: 1179
Business Summary
Key Investment Insights
1. Opportunity to secure a freehold going concern motel in a booming regional town in Queensland.
2. Impressive scale with 29 self-contained apartments and nine motel style rooms.
3. Extensive refurbishment has been undertaken, with 11 apartments fully renovated in the last two years.
4. High occupancy rate of 74% and over 50% repeat corporate trade.
5. Strong relationships with key contacts and a large market share.
6. Currently run under management with owners providing relief management.
7. Experienced and dedicated staff on above award wages.
8. Strong tariffs with yearly growth.
9. Only 5% of revenue from food and beverage, leaving potential for growth in this area.
10. Land available for future development, subject to council approval.
11. High net profit and increasing turnover.
12. Property Code: 1179.
