Strong solid platform that constantly performs with room to grow
AITKENVALE, QLD, QLD
Description
Strong solid platform that constantly performs with room to grow This is an opportunity to secure the leasehold of a high performing motel located in the popular Nathan Street precinct which is within close proximity to the major shopping centre in Townsville. Growing large net profit Good quality accommodation configuration Approved PTS Patient Travel Subsidy Scheme Motel and the closest in proximity to the Townsville Hospital Lease agreement currently 21.5 years can be extended Strong solid business that keeps perfoming despite external challenges Potential to grow business with various possibilities Good consistent staff who have been part of the team for many year Property inspections are by appointment only
Financials
- Asking price
- $1,650,000
- Net profit
- $479,321
- Revenue
- —
- Profit multiple
- 3.44x
- Revenue multiple
- —
Agent
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