One of the best presented motels in regional QLD & a large Net Profit to match
MIGHELL, QLD, QLD
Description
One of the best presented motels in regional QLD & a large Net Profit to match Welcome to the Barrier Reef Motel in Innisfail. This property is one of the most beautifully presented leasehold motels in regional Queensland, having been through a full renovation internally and externally. The purchaser of this property can comfortably know that there is not a cent to spend, all you have to do is start operating from day one and continue what is an extremely successful business boasting a high net profit. Motel in excellent condition - not a cent to spend Recently painted internally and externally (including roof) 21 year lease as at June 2021 Modern private owners/managers residence Large net profit 40hrs per week reception wages allowed for in P&L Great lifestyle in a high quality regional Queensland town Undoubtedly one of the best coastal motels in North Queensland Massive repeat corporate clientele Property inspections are by appointment only
Financials
- Asking price
- $1,195,000
- Net profit
- $408,114
- Revenue
- —
- Profit multiple
- 2.93x
- Revenue multiple
- —
Agent
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