Secure a landmark motel leasehold - renovated rooms and strong repeat clientele
BOROREN, QLD, QLD
Description
Secure a landmark motel leasehold - renovated rooms and strong repeat clientele ResortBrokers presents an exceptional opportunity to acquire the leasehold interest of a renowned establishment near the tranquil town of Bororen, offering a unique blend of comfort and convenience, making it an ideal investment opportunity. With 22 recently renovated rooms guaranteeing guests comfort, this easy-to-run motel is ready to be unleashed into it's next commercial life with it's next owner at the helm. Projected 20% growth over 2023/24 has tipped the net earnings to be $280,000+ after rent. Free standing 3-bedroom manager's residence that is fully fenced Effortless operation of a leasehold motel business Significant opportunity to increase revenue through operating the on-site restaurant and adjoining conference room Strong base of repeat customers built on providing in-house guests country-style meals Strategically positioned halfway between Brisbane and Mackay and a third of the way to Townsville Recently renovated rooms in 2022, featuring new beds and furnishings for enhanced comfort Landmark motel with a 35-year history, located just 3 km south of Bororen and 10km north of Miriam Vale, set on 5 acres in a rural area with stunning mountain views 22 diverse rooms, including King, Queen, and Twin options Inspections are by appointment only
Financials
- Asking price
- $636,000
- Net profit
- $210,438
- Revenue
- —
- Profit multiple
- 3.02x
- Revenue multiple
- —
Agent
Nathan Benjamin
