Toowoomba City, Queensland
MODERN LEASEHOLD AT 36% ROI - 1960ML
SOLD
Business Description
- Don’t miss out on this great opportunity to improve your financial security.
- Recently rendered and painted brick building.
- 29 year lease, great landlord.
- 24 rooms of varying configuration - 16 with kitchenettes.
- 3 bedroom residence with separate 1 bedroom studio (extra income?).
- Very low maintenance grounds / gardens.
- Onsite pool and barbeque area.
- Great cloud-based booking system to allow for ease of operation.
- Staff in place if needed.
This motel is ideal for those wanting to earn a great income but not be attached to your business 24/7. The current owner has installed excellent technology including a great cloud-based software program allowing you to process bookings anywhere, anytime. This system teamed with the 24-hour check in kiosk and security system saves you time and money running your business.
In addition to the technological improvements the motel has had many upgrades over recent years. Bathrooms, cabinetry, beds, soft furnishings, landscaping, rendering of the building, etc. etc., etc. Don’t get me wrong, there are still ways you can add your own touch to the property to make it feel like home. This is definitely a property where you can move in your furniture and start making money straight away without the stress of having to spend a motza to do so.
Turnover is increasing monthly, and this is your chance to take advantage of the current owner’s hard work.
Call me now as this will not last long!
Turnover: $836,624 for calendar year 2022
Net Profit: $315,000 expected for 2022 calendar year
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1960ML (quote when enquiring)
Property Code: 4297
Business Summary
Key Investment Insights
Key Insights:
1. Recently renovated and well-maintained building with modern amenities.
2. Long-term lease with a great landlord, providing stability and security for the business.
3. 24 rooms with various configurations, including 16 with kitchenettes, catering to a wide range of guests.
4. Additional income potential with a 3 bedroom residence and separate 1 bedroom studio.
5. Low maintenance grounds and gardens, reducing operational costs.
6. Onsite pool and barbeque area, providing additional amenities for guests.
7. Efficient cloud-based booking system, allowing for ease of operation and 24-hour check-in kiosk and security system, saving time and money.
8. Experienced staff in place, providing potential for a seamless transition for new owners.
9. Continuous upgrades and improvements made to the property, ensuring a comfortable and modern experience for guests.
10. Strong financial performance, with increasing turnover and expected net profit for the current year.
11. Opportunity for new owners to add their personal touch and make the property feel like home.
12. Ready to operate and generate income immediately, without the need for significant additional investment.
13. Limited competition in the area, providing potential for growth and success.
14. Highly sought-after location, attracting a steady stream of tourists and business travelers.
15. Don't miss out on this opportunity to improve your financial security and own a successful and profitable business.
