High-performing motel leasehold and restaurant, in the regional town of Tully | Resort Brokers ID : LH007463
$495,000
Motel (Leasehold) hospitality, Tully QLD
Located on the vibrant and popular Cassowary Coast, the Tully Motel has all the elements of a high-performing leasehold business. With a high net profit of $243,175, this motel is a great opportunity for the astute operator.
There is nothing more to spend for the incoming lessee with rooms undergoing continual refurbishment and 12 bathrooms recently renovated. Most air-conditioning units have also been replaced over the past five years.
There is a huge potential upside with the licensed Plantations Restaurant located onsite. The restaurant is a local favourite and can be used to cater for special events of up to 50 guests. This is a huge opportunity to further increase the net profit as well as being a major drawcard to guests which will drive the occupancy rates
With the current owners consistently improving the business year-on-year, the time is ripe for new owners to take over and reap the future rewards. So contact today for more information.
- Only motel in town
- Ideal beginner’s motel, easily managed by a couple
- Highly sought-after business on Cassowary Coast
- Experienced staff to assist with transition
- Prominent, highly visible main road location with easy direct access
- Consistent corporate/ government/industry trade and diversified highway customers
- Property inspections are by appointment only
Date updated: 28 Apr 2024 23:00:03
More Information
- Total Purchase Price: $495,000
- Net Income: $ 243,175
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?