For Sale $850,000
SBX Business Brokers

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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Food/Hospitality for sale

QLD

For Sale $850,000

Business Details

Motel Management Rights- Strata Units -Freehold Available - Gold Coast

\nMotel Management Rights- Strata Units -Freehold Available - Gold Coast - Agent SBX Code Number: S1393

Very well maintained 32 apartment block with a mixture of studio and one and two bedrooms. Has a pool and b.b.q. area. Adequate parking and comes with a fully self contained two bedroom residence. Currently maintaining a 70-75 % occupancy rate. Comes with 25 yr management rights. Asking price $550,000 and the managers residence and office asking price $300,000. Also available other units to purchase returning about 7 -8% return. These start at $160,000. Has a large pool in complex.

Potential
Can be redeveloped and freehold can also be purchased for $6m

Features
Beautiful position. Close to all amentities and large shopping centres. Also close to Broadwater and beaches. All units in good condition.

Premises
This property has an area of 3500 sq. mts.

Location
Situated on the beautiful Gold Coast and close to all the tourist attractions.

Trading Hours
7 days - Mon-Fri - 8.00a.m. to 6pm - Sat - 8.30 to 5pm - Sun - 8.30 to 1pm

Lease
Not applicable.

Employees
One owner operator and 1 employee. Suit husband and wife operators.

Comments
An excellent opportunity to obtain a relaxing lifestyle and a good business opportunity as well . Owners wife would stay on if required.

Figures
Weekly Sales $8653
Rent (ex GST) $0
Wages $0
Profit $3846

Agent SBX Code Number: S1393 - SBX Business Brokers

Summary »

  • Business Category: Food/Hospitality
  • Business Sub Category: Takeaway Food
  • Business Ownership: Freehold
  • Lease Options: 2 x 5 years
  • Floor Area Retail Office: 50.00
  • Lease Basis Of Rent Review: CPI Annually
  • Value Of Work In Progress: $1000
  • Written Down Plant Equipment: 10000
  • Equipment Lease Hire Purchase: 20000
  • Wages Proprietors Family: $20000
  • Wages Staff: $20000
  • Earnings Before Interest Tax: 4% p.a.
  • Debtors: $5000
  • Creditors: $5000
  • Business Selling Price: $850000
  • Trading Hours: 7 days - Mon-Fri - 8.00a.m. to 6pm - Sat - 8.30 to 5pm - Sun - 8.30 to 1pm
  • Operating Days: 5.5
  • Number Of Staff Members: 5
  • Buying Group: Acme medical
  • Licenses And Permits: Medical centre
  • Licenses And Permits: Acme accountants
  • Solicitor Details: Acme solicitors
  • Name Tradmarks IP Transferable: YES
  • Copy Of Menu Services: YES
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SBX Business Brokers
1/564 Pacific Highway,
St Leonards, NSW 2065

Phone: 02 9439 4403
Fax: 02 9439 5944

SBX Business Brokers
Phone: 02 9439 4403

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