Business For Sale Mount Isa, Queensland 4825
Business Category Backpacker Hostel Motel
Retirement Dream - Popular Boarding House Property For Sale - Amazing Location - Producing Up To $6,000 Weekly Income - Selling For $1.59 Mil (wiwo)
The Star Inn is an institution in Mt Isa located on over 2,000 square metres of prime CBD real estate. It is positioned opposite a major shopping centre and within strolling distance to restaurants and clubs. The building has recently been upgraded with new paint inside and out, new air conditioners, TVs throughout and upgraded facilities. It consists of 30 boarding rooms and separate managers quarters that are booked out all year round. The property is only 20 minutes away from Barramundi fishing and many other freshwater sportfish.
The property is self-managed and enjoys rental returns between $200K and $300K PA from a mixture of permanent tenants and short-stay patrons. Mt Isa continues to grow and as more mining is developed so will the need for accommodation for fly-in and fly-out workers. If you are looking to get away from the hustle of city life, then this is the place for enjoying a retired life.
While the business can be successfully run under management, there is massive scope for growth under a hands-on owner with entrepreneurial flair. Mt Isa is home to one of the largest mining operations in the world, with thousands of employees and is also a stopping point for those looking for top-end adventure.
The business could easily gross over $350,000 yearly. Currently, it takes no more than one hour daily to operate the business. This would be ideal for a retired person looking for a flexible lifestyle to enjoy everyday activities plus earn a great income at the same time. The property is currently fully managed and is well booked in advanced to keep up with the demand for good accommodation.
Want to earn a good income and have the time to enjoy life? Looking for a good investment that will give you a great return? Then enquiry today and don’t miss out on this opportunity.
Features of the Business
Iconic location in the heart of Mt Isa CBD
Close to major shopping centres and local clubs and restaurants
Recently refurbished including new air-conditioners and TVs
Easily operated by one person
Massive scope for income growth
Good profit margins and very low operating costs
Turnover between $200,000 to $300,000 annually
This is a once in a lifetime opportunity which has the potential to become a local icon. It is well-appointed with all the facilities and can be taken to the next level under the guidance of a seasoned entrepreneur or owner. Do not miss out before it’s too late! Call the number mentioned above.
Similar Businesses For Sale
This business is somewhat unique and has no similar competition in this region, category or price bracket.