30-Room Leasehold Motel, Weipa
Motel
ActiveHospitality & TourismQueenslandB2C & B2G
Asking price
$300,000+
Disclosed · AUD
Revenue
$800,000
TTM
Net Profit
$263,000
Implied multiple
1.1×
asking / earnings
Brief
- Leasehold motel with 30 rooms in the centre of Weipa, offering 19 double and 11 twin shares.
- Repeat government department and corporate clientele including RIO, Boral and Coates.
- Coach tour company trade from Heritage, Casey and Discovery Tours.
- Heritage Bar and Bistro of around 50 seats, recently placed under a sub-lease arrangement.
- Repair and maintenance program over the past 36 months.
- Currently run under a management structure.
- Owner stated as wanting out.
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