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  5. 988CPF - COVID-19 Protected FREEHOLD MIXED BUSINESS FOR SALE

SAPPHIRE QLD, 4702

For Sale
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Property for Sale in SAPPHIRE QLD, 4702

Tourism Brokers

32-34 Lamorna Avenue , Beecroft, NSW 2119

Listing ID:
11370699
Status:
Active
For:
Sale
Last Updated:
11/12/2020
Price:
Freehold $980,000 + SAV
Icon building

Property Type

Hotel/Leisure
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Land Area

7377 SQM
Icon size

Floor Area

1 SQM
Icon parking

Parking

N/A

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

For more details, please email agent

Tourism Brokers

32-34 Lamorna Avenue , Beecroft, NSW 2119


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