Toowoomba City, Queensland
1888ML - Fantastic Affordable Opportunity in a Great Motel Town
SOLD
Business Description
- 24 motel rooms and 4 suites
- Rent to room ratio of $7,100 per room per annum well under the towns average.
- Great Location in very strong regional motel town
- Strong repeat clientele
- Consistent long-term performer
- Delightfully presented motel
- Very well maintained
- Massive opportunity for future growth
- Comfortable 3 bedroom residence
- Unused restaurant
- Genuine opportunity to buy a great leasehold in one of the best motel towns at an entry price
- Give me a call and come and see for yourself.
On offer is an opportunity to buy is a high quality 3.5 star 28 room motel in this ever growing and developing regional town. With 24 motel rooms, 2 x 1 bedroom executive suites and 2 x 2 bedroom executive suites perfectly located on a main highway in a renowned motel town.
With 19.5 years on the lease, and an additional 10 years available at a very affordable rate, this motel provides a fantastic business opportunity to own a and operate in this town.
Massive upside here with the opportunity to increase occupancy, be aggressive in the market place and market the property that will without doubt increase turnover and accordingly the profits.
The motel has been maintained in excellent order and has a range of rooms and accommodation that allows the owners to meet all aspects of the market.
The residence is a comfortable size with three bedrooms, bathroom, shared kitchen and split system air conditioners.
Toowoomba is a major regional town with a population of approximately 135,000. The town has high quality private and public schools, excellent hospitals, the new international ready airport and everything else one would expect, and more from a major regional town.
Give me a call today, this quality motel is well worth looking at and at an entry price.
Net Profit: $142,757 for 2017/18
Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1888ML (quote when enquiring)
Location: Toowoomba is a picturesque mountain city located in south east Queensland some 127km west of the state’s capital, Brisbane. As Queensland's largest inland city, Toowoomba offers all the benefits of urban living without any of the big-city ‘hassles’.
With a population of over 135,000 people, Toowoomba is the commercial and economic hub of the Darling Downs, thereby serving a population in excess of 270,000 people. This has resulted in a city with extensive manufacturing, education, health, retail and professional services. Toowoomba offers the best of both worlds, a relaxed lifestyle and easy access to Brisbane and the Gold and Sunshine Coasts.
Property Code: 2948
Business Summary
Key Investment Insights
1. The motel has a rent to room ratio of $7,100 per room per annum, which is well below the town's average. This presents a great opportunity for potential buyers to acquire a profitable business at an affordable price.
2. Located in a strong regional motel town, the property benefits from a high demand for accommodation and a consistent flow of customers.
3. The motel has a strong base of repeat clientele, indicating a high level of customer satisfaction and loyalty.
4. The property has a proven track record of consistent performance over the years, making it a reliable and stable investment opportunity.
5. The motel is well-presented and maintained, providing a comfortable and enjoyable experience for guests.
6. There is a significant potential for future growth, as the current owners have not fully utilized the property's potential. With effective marketing and aggressive pricing strategies, the occupancy rate and profits can be increased.
7. The property includes a comfortable 3-bedroom residence, providing a convenient living arrangement for the owners.
8. The motel also has an unused restaurant, which can be utilized to generate additional income and attract more guests.
9. This is a genuine opportunity to acquire a high-quality leasehold property in one of the best motel towns at an entry price, making it an attractive investment for first-time buyers.
10. Toowoomba is a major regional town with a population of approximately 135,000, offering a range of amenities and services, making it an ideal location for a motel business.
