3 Penghana Rd Queenstown TAS 7467
$1,500,000 Negotiable

DESCRIPTION

Consistent performer, 2023 turnover $1,662,237, showing a net profit to a working couple of $642,706.

Enjoying corporate trade, visitors patronage including coach companies.

Rent is only 9% of turnover, long lease of approximately 28 years.

Current operator has under taken a large amount of renovations and upgrades, new tiling, bathroom upgrades, carpets, curtains, etc etc.

Receptionist, chefs, kitchen hands and house maids in place, for a motel with a licensed restaurant.

Incredible return on investment, it can be run under management.

Only $6000 spent on advertising in 23 F/y so there is plenty of upside still available.

Revamped managers quarters, conveniently located close to reception, guest and motel laundry, well equipped commercial kitchen, plenty of parking in front of units.

This outstanding opportunity is hard to find, this has a long lease, low rent, great turnover, brilliant net profit and potential to be a consistent earner for years to come.

Queenstown recently won Australian small tourist town 2023 .

https://tasmaniantimes.com/2023/09/queenstown-wins-top-small-town-in-national-awards/amp/

Phone Business Broker Praveen Pant on Reveal Phone. Visit Website or Paul Scott on Reveal Phone Send Message.au.

INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF.

Please Note: All figures quoted are approximate.

Property Code: 1096