Wondai, Queensland
2556ML - QUALITY STARTER MOTEL WITH CONSISTENT RETURNS
SOLD
Business Description
- Excellent turnover for a 14 room motel.
- Opportunity to grow this already excellent business.
- 25 years remain on the lease from February 2020.
- Consistent performer over the years.
- Low maintenance motel.
- Large well-equipped rooms.
- Modern 3 bedroom accommodation.
- 10 new split systems installed recently and all new mattresses.
- Currently being run by a single person.
- Great starter motel for a couple.
- Come and see for yourself.
On offer is an opportunity to purchase this excellent 14 room leasehold motel, situated on the Bunya Highway in the relaxed, friendly and welcoming town of Wondai.
Set on 3,227 sqm the motel is presented in excellent order and would offer a new owner a great opportunity to build on the existing strong performance over many years.
The current owner has worked hard over the years to build a great reputation with the clientele that ensures continual repeat business year on year.
The open plan three bedroom residence is modern and very comfortable ensuring there is room for family and even the family pet as it has an enclosed yard.
The restaurant and bar provide additional opportunity for growth going forward as well.
All the rooms are of a generous size and very well equipped with quality furniture. Ten rooms have new split system air conditioners and all beds have new mattresses.
The car park has additional space for larger vehicles and trailers and the inviting pool area is modern and low maintenance.
There will be minimal maintenance going forward for a new owner. This already well performing motel has potential for further growth. Come and take a look.
Net Profit $165,788 for 2018/19
Contact Mark Tuck from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2556ML (quote when enquiring)
Location: Wondai is a small rural service centre in the heart of the South Burnett region located 246 km north-west of Brisbane via Caboolture and Kingaroy. Wondai has a population of approximately 2,100 people and is situated in cattle and grain-growing country as well as having a productive hardwood timber industry.
Wondai is a small, charming town with lush green parklands separating the CBD from the main highway. It has a supermarket, several historic hotels, a hotel-motel, motel, caravan park and bed and breakfast all located within easy walking distance of the heart of town. It also has three restaurants, a cafe, post office, chemist, newsagency and petrol outlet as well as several antique stores and a public swimming pool, golf club, bowling club and RSL.
Wondai was founded on the dairying and timber industries but in recent years has seen increasing streams of tourists visit the town on their way to Lake Boondooma or to follow the South Burnett Wine and Food Trail (Wondai has its own cellar door and regional cuisine restaurants).
Major annual events include the two-day Wondai Garden Festival (held each April and September); the Wondai Show (held late each August or early each September); and the Christmas Eve Carnival (held each December).
Property Code: 2954
Business Summary
Key Investment Insights
1. Excellent turnover for a 14 room motel, indicating a strong and consistent customer base.
2. Opportunity for growth, with potential to build on the already strong performance.
3. Long lease remaining, providing security for the new owner.
4. Consistent performer over the years, indicating a stable and well-established business.
5. Low maintenance motel, reducing the workload for the new owner.
6. Large and well-equipped rooms, providing a comfortable and attractive stay for guests.
7. Modern and spacious 3 bedroom accommodation for the owner.
8. Recent upgrades, including 10 new split systems and all new mattresses, ensuring a high quality experience for guests.
9. Currently run by a single person, indicating potential for a couple to manage and potentially increase profits.
10. Great starter motel for a couple, providing an opportunity for first-time owners to enter the industry.
11. Located in a relaxed and friendly town, providing a welcoming atmosphere for guests.
12. Potential for further growth through the restaurant and bar facilities.
13. Minimal maintenance required for the property, reducing ongoing costs for the new owner.
14. Located in a popular tourist region, providing potential for increased demand and occupancy.
15. Strong net profit for 2018/19, indicating a profitable and successful business.
16. Located in Wondai, a small rural service centre with a population of approximately 2,100 people.
17. Situated in cattle and grain-growing country, providing potential for business from these industries.
18. Close proximity to Lake Boondooma and the South Burnett Wine and Food Trail, providing potential for increased tourism.
19. Regular annual events in Wondai, providing potential for increased business during these times.
20. Property Code: 2954, providing a unique identifier for the listing.
