Toowoomba City, Queensland
SOLID BRICK BUILDING WITH LOW RENT RATIO - 2728ML
SOLD
Business Description
- Great Leasehold motel with low rent ratio being offered at realistic price by motivated vendor.
- 23 rooms of varying configuration.
- Choice of two bedroom residences depending on management family structure.
- Very low maintenance grounds/ gardens.
- Onsite pool and barbeque area.
- Great cloud-based booking system and 24 hour check-in kiosk to allow for ease of operation.
- Good staff keen to stay on.
Located on the main arterial road from the south, this motel is bouncing back strong after COVID restrictions. There are 22 years on the lease and with rent at only 22% of turnover that augers well for the future.
Solid brick and tile building that has had many upgrades in the past nine years of current ownership. The owner has spent considerable money and time in setting the motel up for ease of operation. Changes through COVID included many guests do self check-ins via the 24-hour check in kiosk. This has continued post-COVID releasing the owner to actually have a life whilst running the business.
Full training is available for a first- time operator OR a couple looking to take the next step in their motel journey. Call now to inspect this rising star!
Net Profit: $268,286 projected for 2022 calendar year
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2728ML (quote when enquiring)
Property Code: 4299
Business Summary
Key Investment Insights
1. Great location on a main arterial road, providing high visibility and easy access for guests.
2. Low rent ratio of only 22% of turnover, providing a strong financial foundation for the business.
3. 23 well-maintained and varying room configurations, offering flexibility for different types of guests.
4. Choice of two bedroom residences for management, accommodating different family structures.
5. Low maintenance grounds and gardens, reducing operational costs and freeing up time for management.
6. Onsite pool and barbeque area, providing additional amenities for guests and potential for increased revenue.
7. Efficient and modern cloud-based booking system, allowing for ease of operation and 24-hour check-in kiosk for guests.
8. Experienced and dedicated staff willing to stay on with new management.
9. Solid brick and tile building with recent upgrades, providing a strong and durable structure for the business.
10. Full training available for first-time operators or those looking to expand their motel experience.
11. Projected net profit of $268,286 for 2022, indicating a strong and profitable business.
12. 22 years remaining on the lease, providing long-term stability and potential for growth.
13. Motivated vendor offering the business at a realistic price.
14. Potential for growth and increased revenue post-COVID as the business bounces back strongly.
15. Opportunity for new management to have a work-life balance with self-check-in system in place.
