Successful SE QLD Country Motel & Restaurant - recent million dollar rebuild.
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This successful 20 room motel with onsite Steakhouse brings in approx $200K profit pa.
EASY TO MANAGE: This business is well setup with the managers taking a 4 week break over Christmas & the staff running both businesses very competently in their absense. The restaurant employs a manager who is capable of running this side of the business with minimal input as/if required by the new lessee's.
LOCATED ON THE GRANITE BELT - a premium food and wine destination surrounded by 3 national parks.
NO MONEY TO SPEND ON UPGRADES: It recently had a $1.2 million rebuild due to a freak tornado with all the rooms being rebuilt including new carpet, furniture, appliances & bathrooms. The owner of the freehold has just paid for the exterior to be renovated with rendered walls, timber features & tiled accents.
SUCCESSFUL BUSINESS: The business is continually increasing with 2016 July holding the record for turnover and profit. Winner of Trip Advisor's Certificate of Excellence for both the motel & restaurant in 2015 and 2016 as well as booking.com top 20% businesses.
STYLISH MANAGERS RESIDENCE: The 3 bedroom + office managers residence includes a large main bedroom with ensuite, large back yard & simple kitchenette. (Dinner is provided to the family by the restaurant 5 nights a week.) The bathrooms & kitchens were all renovated in 2014. A large backyard includes a view over the golf course, a small vegie patch & courtyard with sail cover.
Lease: 23 year term.
Laundry: Domestic laundry. Linen all hired.
Restaurant: 65 seat. with bar & deck area Licensed.
PLEASE NOTE: This is a leasehold business which requires a higher amount of equity then a normal mortgage if you are getting finance. Please chat with your preferred financial broker for more information.
Feel free to contact us for full breakdown of inclusions & financial details.
Phone enquiries - please quote property ID 16868