OUTSTANDING RETURNS FROM A SUPERIOR 4 STAR FREEHOLD GOING CONCERN
ROMA, QLD, QLD
Description
OUTSTANDING RETURNS FROM A SUPERIOR 4 STAR FREEHOLD GOING CONCERN If you’re looking for a high returning freehold going concern which is fully refurbished in a go-ahead country town, then this exclusive listing could be the one you’ve been waiting for. The Roma Inland Motor Inn is showing a 16.6 percent increase on the same September quarter last year, which equates to a better than $40,000 increase with a 2.5% increase in occupancy. This outstanding motel has undergone a major refurbishment over the past 12 months which has allowed a tariff growth of $15 per room type with an increasing occupancy to boot. All the signs point to the continued growth of this business as a market leader in the local economy. Be one of the first to make an appointment to view this property as it will not last on the market for long! Growing turnover and large net profit $576,000 projected for 2022 Currently run under management with owners only doing relief work Great location, 1km from the CBD Good sized 3 bedroom residence with private garage and courtyard Excellent staff already in place Fully refurbished with no money to invest for years Streamlined business processes Strong tariffs and increasing occupancy Extensive corporate clientele Property inspections are by appointment only
Financials
- Asking price
- $4,225,000
- Net profit
- $506,374
- Revenue
- —
- Profit multiple
- 8.34x
- Revenue multiple
- —
Agent
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