Toowoomba City, Queensland

2683ML - GREAT FIRST TIME MOTEL

SOLD

Business Description

If you have been looking for a good motel to bring the family up in then look no further.

Located in QLD largest inland City, Toowoomba, this motel is easy to run and has a residence large enough for all the family.

- Solid brick building with newly painted colourbond roof.

- 19 well maintained ensuited rooms of various configurations.

- Onsite pool and barbeque area.

- Renovated reception at the front of the property.

- Large 4 bedroom residence that could be easily converted to dual occupancy.

- Long 25 year lease with realistic rent and good landlord.

The current leaseholder has taken pride in their motel and maintained it to a very good standard. After 5 years operating the motel they have decided to retire and hand the motel to someone with motivation to work hard and make good money.

The rent is low for 19 rooms and that means that more money goes in your pocket.

Running at approx. 50% occupancy over the past 2 years means there is an opportunity to grow the business as we all trade out of COVID.

Don’t miss out on this chance to secure a motel in a great city to raise your kids OR to enjoy life whilst working for yourself.

Net Profit: $151,933 for 2020/21

Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2683ML (quote when enquiring)

Property Code: 4007

Business Summary

Marketing Agent
Michael Philpott
Michael Philpott

Key Investment Insights

1. Located in a popular and growing city, Toowoomba, with potential for business growth.
2. Solid brick building with newly painted colourbond roof, providing a low maintenance property.
3. 19 well-maintained rooms with various configurations, providing options for different types of guests.
4. Onsite pool and barbeque area, offering additional amenities for guests.
5. Renovated reception area, creating a welcoming and professional first impression.
6. Large 4 bedroom residence that could be converted to dual occupancy, providing potential for additional income.
7. Long 25 year lease with realistic rent and a good landlord, providing stability for the business.
8. Current leaseholder has maintained the motel to a high standard and is retiring, providing an opportunity for a new owner to take over.
9. Low rent for 19 rooms, allowing for more profit to be made.
10. Opportunity for business growth as the country recovers from COVID-19.
11. Ideal for someone looking to raise a family in a great city or enjoy a work-life balance while being self-employed.
12. Net profit of $151,933 for 2020/21, providing a good return on investment.
13. Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
14. Property ID: 2683ML (quote when enquiring).
15. Property Code: 4007.
Listing location

This Business is sold

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