40 ROOM, REGIONAL FREEHOLD GOING CONCERN MOTEL | Resort Brokers ID : FH008097
$2,700,000
Motel (Freehold) hospitality, Springsure QLD
The Springsure Overlander Motel is presented exclusively through ResortBrokers and is ready for an astute owner operator, or investor, to take this offering to the next level. The property has been run under management successfully for 16 years.
With 40 rooms, it's Springsure's largest and newest, offering a competitive edge in the market. The motel boasts a restaurant and conference facility, ensuring extra revenue and an enhanced guest experience, catering to both business and leisure travellers.
Benefiting from the tourism, agriculture, and mining industries, the motel guarantees a steady flow of guests, contributing to its strong turnover and high net profit.
- Expansive 40-room motel in a thriving regional town.
- Equipped with a restaurant and conference facility for diversified revenue streams.
- 16 years of successful management, ripe for owner-operator potential.
- Newest and largest motel in Springsure, offering competitive advantage.
- Robust turnover and high net profit, promising a lucrative investment.
- Lease flexibility, providing an opportunity for strategic business structuring.
- Benefiting from tourism, agriculture and mining sectors, ensuring a steady flow of clientele.
- Inspection by appointment only.
Date updated: 21 Apr 2024 23:00:07
More Information
- Total Purchase Price: $2,700,000
- Net Income: $ 402,593
(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?