Business Only Netting Nearly Half Million!
Business Only Netting Nearly Half Million!
Business Only Netting Nearly Half Million!
Business Only Netting Nearly Half Million!
Business Only Netting Nearly Half Million!

Business Only Netting Nearly Half Million!

$2,312,000Under Offer

Offering a mix of short and long term apartments, the current owners need to move on and the incoming operator should feel confident on the purchase with manager friendly agreements, a P&L prepared by leading industry specialist Tony Rossiter and a competitive multiplier. A strong and consistent performer with upside, this property is suitable for a first timer with the commitment from current owners to provide a suitable and in depth training program as part of the handover.

Key Features

  • High netting Management Rights
  • $462,400 net as verified by Tony Rossiter, Accountant 

  • Easily run by 1.5 full time staff and casual cleaners 

  • Amazing location at the top of the city with views 

  • 18 years left on accommodation module agreements 


 

NB: Property inspections are by appointment only

Key Details

Listing Ref: MRB004942
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Spring Hill
Sale Type: Management Rights - Business only
Net Profit: $462,712
Price: $2,312,000

Listing Agent(s)

Agent Feedback

As a first time purchaser of a leasehold motel, Nathan provided a good balance between working for the vendor and ensuring us as purchasers that we had the right information and support to see the transaction through. Negotiations are never easy and Nathan managed expectations on both sides of the transaction in a professional way that left both sides content with the price outcome. I would have no reservations in recommending or using Nathan or Resort Brokers in the future.

- Scott Campbell
Managing Director,
ISTAPR P/L

The recent sale of our large motel was tricky and stressful to say the least. Throughout the transaction Nathan guided both us as vendors and the buyers through the process with professionalism & composure. His friendly & outgoing manner ensured that all inspections were simple and relaxed everyone. His knowledge and ability under pressure ensured we made it to settlement day.  We would thoroughly recommend Resort Brokers and Nathan to anyone looking at selling their business.

- Melanie
Vendor,
Pegasus Motor Inn