The Quest Echuca business offers a unique opportunity to become associated with the Quest Brand, one of the most successful franchise systems in Australia. It has been successfully operated by experienced Quest Franchise owners since its opening in May 2008. Quest Echuca offers the prospective purchaser the leasehold interest of a 60-key serviced apartment building. This building is fully equipped with kitchens, bathrooms, laundry facilities, separate living and dining areas in one, two and three-bedroom apartments, internet access (NBN), Foxtel, DVD, stereo and quality furniture and fittings.

Key Features

  • Member of highly regarded Quest Apartment Hotel Network
  • Constructed and opened in 2008
  • Total leasehold tenure 20 years from July 2018 - market review in July 2018
  • 60 FSC apartments, with a mix of studio, one, two and three bedroom apartments
  • Enjoying significant growth in occupancy, income and profitability

 

NB: Property inspections are by appointment only

Key Details

Listing Ref: LH005200
Property Type: Apartment Hotels
Region: VIC - North
Suburb: Echuca
Sale Type: Leasehold
Net Profit: $380,171
Price: $1,650,000

Location

Listing Agent(s)

Agent Feedback

First person Jim Chapman brought through the door bought out motel. Without someone with Jim’s knowledge of motels, I don’t think it would have happened so quickly. Jim acted in a professional manner and was able to negotiate a realistic selling price for us. Jim was able to ensure there was an easy transition between us and the new owners.

- Barry & Karren Chappel
Previous Vendors,
Clifton 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

I had the pleasure of meeting and dealing with Jim Chapman at Resort Brokers nearly four years ago during the sale process of our first Quest business. Having being so pleased with the way Jim dealt with the first sale, I approached Jim to sell my next Quest business where again Jim delivered the sale with excellent results. I found Jim a true Gentleman and professional. Jim's communication was consistent and advise during the sale process was invaluable putting my mind at ease and delivering me a stress free sale. I would highly recommend Jim Chapman to sell your business and I will certainly approach Jim to sell my next business. Thanks Jim, good luck and keep up the great work that you do!

- Chris Brown
Vendor,
Quest Moorabbin