Summary
Well established, owner operated private accomodation business with 2 Suites + 2 Studio's + 1-Bed home with systematic procedures only requiring P/T daily mngt. Buy a home, paid for by the business!
Revenue
$228,000 pa
Expenses
$75,462 pa
Net Profit
$152,538 pa
Location Details
5 Turner Street, Highgate
Just meters off Lord Street (arterial Road to Perth CBD) and walking distance to HBF Park, Perth's home to Perth Glory FC, Western Force, Perth Bears, and the popular Beaufort Street cafe, restaurant and entertainment precinct.
Potential
Currently only providing accomodation with outsouced workers, there is HUGE potential to rent out to local businesses for corporate training and/or retreats including yoga or health based retreats, which are in high demand and to work hands-on to reduce expenses.
The property adjoins a hugely popular local park, and previously operated a cafe, which can easily be resurrected, providing a small cafe and the potentential to provide meals to guests, operating as a higher value B&B, and to provide catering options to corporate/retreat guests.
Skills
No specific skills are required as the current operators outsource most operational roles, however general business adminstration is always beneficial, as would experience or a desire to work in the hospitality industry! Being a good people person, is always a great start!
Hours
Depending on how you operate the busienss, between 12 - 22 hours per week.
Lease
The property is a free-hold home that is for sale and which includes the business - Vnedor finance is available.
Employees
No employees necessary - Singularly owner operated part-time with outsourced cleaning and gardening.
Reason for Sale
The current owners have owned the property since 2002 and operated the busniess since 2016, and after almost 25 happy years here, are ready for their next chapter of downsizing and relaxing, and are keen to pass on the baton to a new owner to make the retreat their own!
About the Business
Established Boutique Accommodation Business with On-Site Residence and Café Potential
Established in April 2016, Haven is an operating accommodation business with a proven trading history and a strong online guest reputation.
The current operating model is estimated to require approximately 22 hours per week of owner-operator involvement. This estimate includes around 470 hours of cleaning and 168 hours of gardening during FY2025–26, together with approximately 10 hours per week for management, guest communication, administration and on-call responsibilities.
The purchaser also has the benefit of living at Haven. For modelling purposes, the residential accommodation has been valued at $800 per week ($41,600 per annum). A portion of utility and property costs is also currently carried within Haven’s operating structure.
Strong Online Reputation
Haven on the Park is rated 9.4/10 on Booking.com, based on 150 reviews, and is currently ranked second among five-star accommodation in Perth. It is also rated 4.9/5 on Google and 4.9/5 on Tripadvisor.
Until 2026, the owner held a Special Facility Licence that enabled alcohol service on the premises.
Property Features and Flexible Use
The property has three-phase power, a 10 kW solar system and two sub-boards in addition to the main meter board. One sub-board serves the laundry and the other serves the Garden and Poolside Studio Suites.
An area adjacent to the laundry is currently used as a studio. It may offer potential for use as a treatment room or conversion back into a café, subject to the purchaser’s plans and any required approvals.
Café and Ancillary Income Potential
Haven previously operated a café at the rear of the property, serving local park users and guests. The café closed in 2022, having recorded net sales of approximately $53,000 per annum while operating.
The former café area includes a commercial kitchen, with significant infrastructure remaining, including three-phase power, a grease trap and a commercial exhaust hood. The café’s historical revenue is not included in Haven’s current accommodation earnings.
A purchaser may wish to explore options such as reinstating the café, offering breakfast or other food services to guests, catering for small functions and events, undertaking outside catering, or licensing the facilities to a third-party food operator.
The space is currently used as the laundry for Haven Linen. The laundry could potentially be outsourced or relocated within the residence, subject to the purchaser’s requirements.
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