Business For Sale Gympie, Queensland 4570
Business Category Motel
LEASEHOLD $817,000 WIWO
2706ml - Great Performing Motel In Qld Costal City
- 18 well-appointed motel rooms with off street parking.
- In demand location, within 60 minutes’ drive to the sunshine coast.
- Growth city with ongoing industry and contractor work.
- Easy to run motel with good systems in place.
- Large 3 bedroom, two story residence with two bathrooms.
- Well positioned lease ratios, with 19 years remaining.
- Leasehold Motel.
The motel is well positioned on the main highway leading through Gympie and has easy access and ample parking. The property is well maintained, and rooms have had upgrades to many fixtures and amenities over the last three years.
With great booking management and return guests, the motel is running at great occupancies of 85%, with opportunities to increase further with the predicted demand for contract worker accommodation for major highway bypass.
A great opportunity for new owners to continue or grow the business and at the same time enjoy a great regional community lifestyle, with this easy to operate motel.
With average room tariffs of $145 a night, this Leasehold’s annual Net Adjusted Profit is a healthy $284,121 per annum and represents a Return on Investment of 34%.
Net Profit: $284,121 for 2020/21
Contact Richard O’Connell from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2706ML (quote when enquiring)
Property Code: 4130
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This business is somewhat unique and has no similar competition in this region, category or price bracket.