Quest Regional Powerhouse with Net Profits over $1m located in Golden Outback | Resort Brokers ID : LH007991

$3,790,000

Hotel hospitality, Kalgoorlie WA

The immensely profitable Quest Yelverton Kalgoorlie is on the market for the first time in 18 years. Situated in the mineral-rich Goldfields region of Western Australia, Quest Yelverton Kalgoorlie comprises an extensively refurbished 50-key complex situated in the heart of Kalgoorlie. The business has consistently high occupancy rates (3-year average of 83%) and a corporate client ratio above 75% making it the go-to Kalgoorlie destination for corporate travellers from around Australia.

Quest Yelverton Kalgoorlie has solid leases in place with multiple option renewals available out to 2046, which gives an incoming owner security of tenure and the opportunity to grow and develop the business over time. The apartments have been consistently upgraded and updated with the staggered refurbishment of three accommodation blocks completed from 2017 to 2019.

Kalgoorlie is the gateway for the Goldfields region and has thriving mining and tourism industries which attract corporate clients from around Australia.

The business is backed by the proven successful Quest franchise model. This business would suit a first-time operator and/or an experienced business owner looking to partner with the prestigious Quest brand.

- High revenue and profit performance
- Operated under the Quest Apartment Hotels brand
- Long-standing relationship with key corporate clients
- Predominantly refurbished facilities
- Excellent lease tenure with comparatively affordable rent
- Central Kalgoorlie location
- Extensively refurbished 50 key strata complex
- 23 years remaining on lease terms including options
- Inspections by appointment only
Date updated: 22 Dec 2024 22:00:02