11-Unit Motel, Goomeri
Motel
ActiveHospitality & TourismQueenslandB2C
Asking price
~$551,573
est. from comparable listings of this type and size · typically within ±20% · AUD
Revenue (est.)
~$704,766
Estimated · comparable listings of this type and size
Net Profit
$170,060
Implied multiple (assumed)
~3.2×
Assumed · comparable listings of this type and size · typically within ±20%
Brief
- Well-presented 11-unit motel in Goomeri, South Burnett district
- Only motel in the area with no competitors and 70%+ occupancy
- Located 85km inland from Gympie, about two hours from Brisbane and Toowoomba
- Solar system installed; bathrooms and hot water system refurbished/replaced in 2023
- Rooms refurbished to AAA 3.5 star standard
- Sits on a 1,977 sqm corner block with two wings plus a vacant building block
- Long-term consistent performer, easily run by a single or couple
- Seasonal boost from the annual Goomeri Pumpkin Festival
- Opportunity to improve the bottom line by providing evening meals
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