Toowoomba City, Queensland
2570ML - Great Business & Location - Proven performer
SOLD
Business Description
- Great location in proven motel town
- 25 room - 3.5 star motel Bed and Breakfast Motel
- Spacious and quiet units with good mix of room types
- Consistent performing business, proven money maker
- Plenty of upside for an owner operator as currently run under management
- Good mix of clients
- Motel presents very well
- Easy access to CBD (10 minutes walk)
- Off street parking
- High Speed Wi-Fi (NBN connected)
- Long 30 year lease with a good rent ratio
On offer is the Leasehold interest of this 25 room 3.5 star, two storey motel in the heart of Toowoomba. Perfectly located in a prime position on a major highway, the motel has a strong business model and boasts regular and a strong clientele base with many long-term clients.
Currently run under management this excellent business has been a consistent performer for many years and offers an owner operator the opportunity to generate very good returns whilst enjoying the lifestyle that the town provides. Further supported by a long 30 year lease and a very good rent ratio.
The residence is modern and spacious and offers options for a single, couple or the larger family.
The 25 rooms are well presented and well appointed. Providing a low maintenance scenario for a new owner.
Guests enjoy access to the salt water pool, Foxtel, high speed NBN and room service breakfast. In addition, there is dual street access, with off street parking for trucks, trailers and buses.
The motel is just 10 minutes walk to the CBD and all the town centre has to offer. Toowoomba is a major regional town with a growing population of approximately 150,000. The town has high quality private and public schools, major shopping centres and everything else one would expect, and more from a large regional town. Medically the town boasts excellent hospitals, and the new Wellcamp international ready airport that currently flys to Sydney, Melbourne and Townsville is growing rapidly.
Give me a call today, this quality motel is well worth looking at.
Net Profit: $173,136 for 2017/18
Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2570ML (quote when enquiring)
Property Code: 3089
Business Summary
Key Investment Insights
1. 25 room, 3.5 star motel in a proven location
2. Consistent performer with a strong business model
3. Currently run under management, offering potential for an owner operator to increase profits
4. Good mix of clients and regular clientele base
5. Well-presented motel with spacious and quiet units
6. Easy access to CBD and off-street parking
7. High-speed Wi-Fi and room service breakfast available
8. Long 30 year lease with a good rent ratio
9. Modern and spacious residence for owner or manager
10. Located in a major regional town with a growing population and amenities
11. Close proximity to schools, shopping centres, hospitals, and an international airport
12. Net profit of $173,136 for 2017/18
13. Dual street access and off-street parking for trucks, trailers, and buses.
