Allbizsales Phone : 1800 85 ****
Allbizsales
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Motel North Queensland

Listing Id : 302098

Location : Queensland - Nothern Queensland -North Qld

Category : Accommodation, Motels for Sale, Hospitality and Tourism

Asking Price : $1,300,000

Business description

An established, budget-friendly motel located in a key mining area of North Queensland.

Specialising in budget-friendly accommodation for families, tourists and particularly work crews and FIFO workers employed by the nearby mines.

The motel appeals to tourists, families and the work crews that operate the nearby mines. There is excellent repeat business with the mines and local work crews providing year-round business and the peak tourist season starting May and running through to post-Christmas each year.

The business has been with the current owners for 20 years and has council approval and plans in place for development and sub-division of the site.

The current owners are offering the business for sale as they move to retire.

This is a fantastic opportunity for a potential buyer to purchase a profitable motel business located just outside Charters Towers in North Queensland, in the mining heartland of the state. This 12-unit motel with swimming pool and owner’s residence is targeted at those looking for affordable, budget-friendly accommodation and self-catering facilities. As such, it appeals to families and work crews alike who enjoy being able to relax and cook their own meals in the outdoor BBQ facilities, enjoy the swimming pool and spacious, shady gardens and reside only 1.5 km outside of the picturesque town of Charters Towers.

This Motel has been under its current ownership since 2000 and the large site offers excellent scope for new owners to explore several key opportunities for growth and development. There are council-approved plans in place for the addition of a FIFO worker’s complex to be built on part of the land, linking to the current motel and increasing its capacity by 48 pax across 6 multi-occupancy units. There are opportunities to explore the possibility of sub-dividing the property to sell off the large grassed areas of the site that are not currently in use or there are options to improve and expand current operations by updating the units, adding a liquor licence to increase on-site spending or finding new uses for unused parts of the site e.g. glamping/camping.

Overall, this motel and freehold site present a flexible opportunity for anyone wishing to purchase an existing business with unlimited potential in a thriving, historic area of Queensland.

 

For more information on this opportunity, please contact the undersigned:

Allbiz Deal Room
T: 1800 858 696 E: [email protected]

For more details go to and complete our online confidentiality agreement. Use the reference ID 572133 to search for the business.

 

Disclaimer:

Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.


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