Toowoomba City, Queensland
QUALITY MOTEL, BETTER THAN EXPECTED BUDGET MOTEL - 1897ML
SOLD
Business Description
- Looks are deceiving when you pull up out the front of this budget motel.
- Despite its age the current owners have made many improvements and the rooms are looking good. Further tweaks will only improve your bottom line.
- On offer is a good length lease - 25 years.
- 13 well fitted rooms of varying configurations + 2 x 2 bedroom self-contained villas.
- Large upstairs residence with private backyard.
- Lovely gardens, undercover parking and room for larger vehicles.
- Realistic rent and easy to manage.
- This is an ideal first step into the motel industry with systems in place and good repeat clientele. Popular among tradies, this motel has the potential to continue its growth and be a solid earner for its new owners.
- Call now as motels in this price bracket do not last long in this market!
Turnover: $353,645 (GST excl) from March 2022 to February 2023
Net Profit: $125,244 from March 2022 to February 2023
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1897ML (quote when enquiring)
Property Code: 4479
Business Summary
Key Investment Insights
1. The current owners have made significant improvements to the motel, resulting in well-maintained and attractive rooms.
2. The motel has a good length lease of 25 years.
3. The property includes 13 well-fitted rooms and 2 self-contained villas.
4. The large upstairs residence with private backyard is a desirable feature.
5. The property has lovely gardens, undercover parking, and can accommodate larger vehicles.
6. The rent is realistic and the motel is easy to manage.
7. The motel has a good repeat clientele and is popular among tradies.
8. There is potential for further growth and profitability with the implementation of additional systems.
9. This is an ideal opportunity for first-time motel owners.
10. Motels in this price bracket are in high demand and do not stay on the market for long.
11. The projected turnover for the upcoming year is $353,645 (GST excl).
12. The projected net profit for the upcoming year is $125,244.
13. Interested buyers can contact Tony Johnson from Tourism Brokers for more information or to arrange an inspection.
14. The property ID for this listing is 1897ML.
15. This is a great opportunity for buyers looking to enter the motel industry with a well-maintained and profitable property.
