The Quest Tamworth business offers the prospective buyer a unique opportunity to become associated with the Quest Brand; one of the most successful franchise systems in Australia. An approved purchaser can acquire the leasehold interest of a 40-key serviced apartments business with one, two, and three bedroom apartments all with fully-equipped kitchens and open plan dining/lounge rooms opening onto a private balcony, and quality bathrooms and laundry facilities. Property facilities include conference/breakfast room, in-ground pool, covered barbecue area, onsite parking and complimentary Wi-Fi. Since construction in 2000, the property has been well maintained and improvements in the last twelve months have included a new breakfast room, internal painting, new carpets, new kitchen flooring, new furniture in all units, new tiles and canopies on top floor balconies. With the increase in lease tenure to 35 years from October 2017 and the completion of Capital works, the business is well positioned to increase income and profitability in future years.

Key Features

  • Recently renewed leases with 35 years’ tenure
  • Solid growing business
  • Leading recognised Quest Apartment Hotel franchise with a strong brand, training and support
  • Proximity to CBD and key attractions
  • Recently completed major property refurbishment program suggesting scope for tariff review
  • No. 1 on Trip Advisor. Current Score 9
  • Breakfast room opened March 2018

 NB: Property inspections are by appointment only

Key Details

Listing Ref: LH005402
Property Type: Apartment Hotels
Region: NSW - Tamworth
Suburb: Tamworth
Sale Type: Leasehold
Net Profit: $437,577
Price: $1,750,000

Location

Listing Agent(s)

Agent Feedback

We would like to thank Liz Galea for all her assistance in the recent sale of our motel. Her professionalism and attention to detail all made for a relatively smooth sale. We will definitely be recommending Resort Brokers Australia and Liz Galea to anyone contemplating buying or selling an accommodation related property.

- Steve and Jan Woodier
Vendor,
Comfort Inn Coach and Bushmans

We contacted Liz Galea after completing the purchase of a motel freehold in country Victoria. We had improved several parts of the motel and we were looking to sell a long lease. After our initial discussion Liz went to work on providing a valuation and we had further discussions. The price advised was substantially higher than our expectations. After commencing marketing we had two inspections. The second inspection went well and we as vendors took the opportunity to sit and talk with these prospective purchasers. We knew that they would be perfect, through Liz, we negotiated an agreeable which exceeded our initial expectations. Liz worked with both parties to keep the deal moving. For us it was about putting the right people in our motel.  Liz made that happen, we are very grateful for a job well done!

- Alan & Brenda Johnson
Vendor,
Mountain View Motel

I have known Jim Chapman for well over 10 years as we have been heavily involved in the tourism sector throughout the East Coast of Australia, however we had never actually had a business transaction take place simply because of one reason or another, so it was with great pleasure when we were finally able to team up together to sell our Quest Apartment business in Echuca. The sale was handled with the highest level of professionalism and just as importantly the sale process was very straight forward and streamlined, we were able to complete a sale that met with our expectations, not only in terms of the sale price but also with regard to the marketing and the sales process time frame that we had advised Jim we wanted.I would have no hesitation in recommending Jim Chapman if you are considering selling your business.

- David Broughton
Franchisee Owner,
Quest Echuca