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Quality Motel Lease In Toowoomba
$400,000
Motel (Leasehold) hospitality, Toowoomba City QLD
Premier Business Sales are pleased to market the leasehold interest in a quality Motel lease in Toowoomba.
This is a fantastic opportunity as the vendor is selling on Covid numbers.
A profitable business with plenty of upside for enthusiastic and motivated owners.
Trading a net profit of $124,000 including Covid, this business only needs fresh operators to take advantage of the opportunity.
Great location opposite the Grammar School.
All 25 rooms on the ground floor, including under-cover parking.
Small restaurant onsite, all rooms freshly painted, just walk in and take advantage of the borders opening.
Property ID 905
More Information
- Total Purchase Price: $400,000
- Net Income: $ 124,000
(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: 3.2
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?