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High Growth-regional Opportunity With 85 Keys For Sale

Townsville, Queensland, Australia
Asking Price:
$2,800,000 (AUD)
Sales Revenue:
$685,056 (AUD)
Cash Flow:
$3,057,383 (AUD)

This is an exceptional opportunity to join Australia’s largest and most successful apartment hotel brand in one of Australia’s fastest-growing regions.

Quest Townsville on Eyre is the only Quest hotel in Townsville, making this a rare opportunity. The hotel’s highly desirable location near the city centre, Queensland Country Bank Stadium (home to the Cowboys), The Strand, and other local attractions makes it a popular guest choice as its robust occupancy demonstrates.

With a net profit of more than $650,000 for the last 12 months and a long tenure through 2042, this business provides both stability and longevity.

Support from Quest HQ is second to none and designed to further your success with ongoing training.

Comprising 85 serviced apartment-style rooms with full-sized kitchen facilities, Quest Townsville on Eyre caters to both corporate and leisure guests. The hotel’s wide array of room configurations, ranging from studios to three-bedroom apartments suits singles, couples and groups.

A spacious conference centre accommodating up to 80 delegates and extensive business facilitates help attract corporate trade and further underpins the business.

- Strong net profit with further growth potential from a hands-on operator
- Strength of Quest brand, Australia’s leading apartment hotel brand
- 85 serviced apartments from studios to three-bedroom apartments
- Long lease in place with a supportive landlord
- The only Quest property in Townsville driven by a strong local corporate market
- Enjoy the abundance of positive attributes with the lifestyle of tropical NQ
- Inspections are by appointment only

Property Information

Real Estate:

Lease

Lease Terms:

Commenced 1 April 2018
Expires 31 March 2027

Leasehold Rent:

$1,492,400 + GST per annum

Location:

Townsville City

Business Operation

Employees:
Currently run under management with a full time GM with the assistance of a BDE, front office team leader, housekeeping supervisor and a range of casual front office receptionists, housekeepers and maintenance. The incoming purchaser will be subject to the Quest franchisee selection process and be hands on in the business
Years established:
10

Other Information

Support & training:

The team of Quest Townsville on Eyre strive for total guest satisfaction, including guest recognition and follow up, the team work for one goal and that is to ensure it offers the best in accommodation in Townsville but also build a successful business that is an asset to all stake holders.