1 High St, Stanthorpe QLD 4380
+61 7 4681 1533
stay@highstreetmotorinn.com.au
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Business for Sale

We have thoroughly enjoyed our time at this business and after 9 years, we realise it is time for us to try our hands at another adventure. We will truly miss this place and what has been created and are looking for an owner that will love it like we have. This successful 20 room motel with onsite Steakhouse is an easy business to operate with great staff.

It recently had a $1.2 million rebuild due to a freak tornado with all the rooms being rebuilt including new curtains, air-conditioners, carpet, furniture, appliances & bathrooms.

Located on the Granite Belt – a premium food and wine destination surrounded by stunning national parks and prehistoric granite formations. The region’s reputation for award winning wine and gourmet produce has also gained national momentum in recent years.

Successful SE QLD Country Motel & Restaurant

The owner of the freehold has just paid for the exterior to be renovated with rendered walls, timber features & tiled accents. The current lessee’s have built a strong business with turnover increasing each year as well as good repeat business.

Winner of Trip Advisor’s Certificate of Excellence for both the motel & restaurant in 2017 (for the third year in a row) as well as booking.com top 20% businesses. The last financial year reveals a dramatic increase to group tours and in turn a healthy bottom line.

The restaurant employs a manager & chef who are capable of running this side of the business with minimal input as/if required by the new lessee’s.

This business is well setup with the managers taking a 4 week break over Christmas & the staff running both businesses very competently in their absence.

All 20 rooms are located on the ground floor & include free wifi, mini bar, room service breakfast (additional cost), reverse cycle air-con, kettle, toasters & Queen beds. There is also a selection of twin, family, wheelchair & double rooms each with undercover parking.

The current Lessee’s have also upgraded the restaurant with new chairs, table cloths, carpet & leather lounge area. The Aussie Beef Steakhouse is a la carte operating 5 nights a week. The menu supports local produce such as New England Beef, Local produce and larder as well as featuring a comprehensive local wine list. There is also cocktails, coffee machine, & large open fireplace. There is scope to increase operating hours to include lunch/extend opening days as desired by the new owners.

The 3 bedroom managers residence includes an office, 2 bathrooms & kitchenette. The bathrooms are both renovated in 2014 & the entire residence was painted on the interior with new lighting. A large backyard includes a view over the golf course & courtyard with sail cover.

Lease: 19 year term. (Landlord happy to extend in 1 x 5 year block at cost of legals only )

Rent $140,000p.a approx. CPI adjusted.

Laundry: Domestic laundry. Linen all hired.

Restaurant: 65 seat. Licensed, Runs with minimal input

Price: $685,000 including stock.

Services: Room service, covered parking, microwaves (6 units), fire rated, reverse-cycle air-conditioning.

Comment: Great location on main street, first motel as you enter Stanthorpe from Brisbane. Quiet location off the highway…. Stanthorpe has a bypass for all highway traffic.

For current financials, please get in touch

Coach group at the High Street Motel Stanthorpe