Quality Motel, Better Than Expected Budget Motel - 1897ml
Business Sold Toowoomba City, Queensland 4350
Business Category Motel
SOLD
Description
Quality Motel, Better Than Expected Budget Motel - 1897ml
- Looks are deceiving when you pull up out the front of this budget motel.
- Despite its age the current owners have made many improvements and the rooms are looking good. Further tweaks will only improve your bottom line.
- On offer is a good length lease - 25 years.
- 13 well fitted rooms of varying configurations + 2 x 2 bedroom self-contained villas.
- Large upstairs residence with private backyard.
- Lovely gardens, undercover parking and room for larger vehicles.
- Realistic rent and easy to manage.
- This is an ideal first step into the motel industry with systems in place and good repeat clientele. Popular among tradies, this motel has the potential to continue its growth and be a solid earner for its new owners.
- Call now as motels in this price bracket do not last long in this market!
Turnover: $353,645 (GST excl) from March 2022 to February 2023
Net Profit: $125,244 from March 2022 to February 2023
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1897ML (quote when enquiring)
Property Code: 4479
- Despite its age the current owners have made many improvements and the rooms are looking good. Further tweaks will only improve your bottom line.
- On offer is a good length lease - 25 years.
- 13 well fitted rooms of varying configurations + 2 x 2 bedroom self-contained villas.
- Large upstairs residence with private backyard.
- Lovely gardens, undercover parking and room for larger vehicles.
- Realistic rent and easy to manage.
- This is an ideal first step into the motel industry with systems in place and good repeat clientele. Popular among tradies, this motel has the potential to continue its growth and be a solid earner for its new owners.
- Call now as motels in this price bracket do not last long in this market!
Turnover: $353,645 (GST excl) from March 2022 to February 2023
Net Profit: $125,244 from March 2022 to February 2023
Contact Tony Johnson from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1897ML (quote when enquiring)
Property Code: 4479
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This business is somewhat unique and has no similar competition in this region, category or price bracket.
