Sapphire QLD 4702
- Hotel, Motel, Pub & Leisure
- 1 m²
- For Sale, Freehold $980,000 + SAV
988CPF - COVID-19 Protected FREEHOLD MIXED BUSINESS FOR SALE
- 24% RETURN ON INVESTMENT.
- Position - entrance to town and region.
- One stop shop.
- No competition in town.
- Strong local trade.
- Growing large tourist trade in season (April to September).
- Growing turnover and profit.
- Multi-faceted reduces risk.
- Opportunity to develop further.
- Refurbished facilities.
Coronavirus protected, continual growth, solid cashflow and getting stronger with huge upside. This is very much a diamond cashflow opportunity with w very solid return. Results matter and this business has just continued to perform and provide reliable cashflow.
This is a vibrant business with increasing sales and potential to develop further. The 2018-19 gross income was $2.34m with the 2019-20 gross income expected to exceed $2.7m. 12 months to 25 November 2019 gross income before tax was $2.763m.
The sale price of $980,000 reflects a return on investment of 24 %. This return could easily be increased significantly by increased owner involvement in the business.
Net Profit $226,882 FOR 2019/20
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 988CPF (quote when enquiring)
Property Code: 3302
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