Secure your future with this lucrative leasehold opportunity in Toowoomba | Resort Brokers ID : LH007872
$5,250,000
Hotel hospitality, Toowoomba QLD
Centrally located in Toowoomba's business district, Quest Toowoomba's ground-floor reception facilities have been adapted from a historical church resulting in a truly unique and stunning asset.
The business is also well positioned near all major connections that service South East Queensland including the Sunshine Coast, Gold Coast, and Brisbane, as well as Western Queensland and the Darling Downs alike.
With consistently strong financial figures, this is a business an incoming purchaser should have confidence of continued performance driven by loyal clients coupled with exceptional occupancy and rate.
The property opened in 2015 and the current franchisees have grown a dedicated and loyal team in this time. There is approximately 20 years left on the initial lease including options. The new owner will be hands-on in the business and looking to continue to drive this property to reach its potential.
The business continues to grow from strength to strength and with a long 20 years on the lease makes this a prime investment for the new Franchisee. So don't miss out on this opportunity and contact Jason today with your enquiries.
- Loyal and hardworking staff in place
- Current occupancy 75% YTD
- Full franchise support from the Quest team
- 20 years remaining on the lease
- Strong ARR of $239 per night
- Boasting a net profit of $1,414,272 for FY23
- Inspections by appointment only
Date updated: 21 Apr 2024 23:00:04
More Information
- Total Purchase Price: $5,250,000
- Net Income: $ 1,414,272
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?