Fremantle, Western Australia

B&B Short Term Accomodation Going Concern Business and Related Property for Sale

$1,720,000 including Business and Freehold

Business Description

Summary
Fremantle Western Australia Unique home built in 1890's converted to a B & B Old word theme, close to Fremantle attractions and amenities, High occupancy record Good profitability VERYIMPRESSIVE

Revenue
$350,000 pa

Location Details
32 Arundel Street , Fremantle WA
Centrally located the accommodation is a 5-minute short walk to Freo's Cappuccino strip, market. restaurants and bars. Fisherman's harbour and attractions is a 10 minute walk, beach is a 20-minute walk or a 5minute drive, Perth a 25 minute drive

Potential
The business is already succesful. New owners will bring new initative and ideas which can increase the occupant and income.
Fremantle Located 30 minutes southwest of Perth, Western Australia where the Swan River meets the Indian Ocean. Freo has something to offer all visitors. This pedestrian-friendly with winding streets offers you a glimpse of the past together with the vibrant present. Freo has great ocean and river beaches, the fishing harbour, restaurant strip with alfresco dining , coffee,bars makes Freo a social hub.

Skills
Management skills and a knowledge of the hospitality and accommodation industry

Hours
This needs to be determined by the new owners. Current owner spends approximately 20 hours a week managing the business

Lease
A lease will be in place between the property owners and the business

Employees
Two cleaners and a receptionist as well as the owner who is the manager.
Long term related casual staff are available when required. Tradesman are called when necessary

Reason for Sale
The owners are wanting to retire and as such are wanting to sell the business and related property

About the Business
Arundels Boutique Accommodation consists of 8 rooms of various configurations and a breakfast dining area there is the option of acquiring the related 3 bedroom and one bedroom apartments.
The business has been established since 2014 and enjoys good ratings on the various booking agencies.
The style of the décor and furnishing is quality and tasty old world.
All rooms are airconditioned, fitted with flat screen TV’s, tea and coffee making facilities, some rooms have spa baths. Continental breakfast is provided in the breakfast room.
The buildings and grounds are well maintained, and the business has its own on-site laundry.
Centrally located the accommodation is a 5-minute short walk to Fremantle’s Cappuccino strip, market. Restaurants and bars.
The beach is a 20-minute walk or a 5-minute drive.
Perth CBD is 25 Minute drive.
The Fremantle railway station is a 12-minute walk or a bus ride.

Reservations and bookings
Direct contact with the reception at the business or after hours
Wotif, Bookings.Com, Hotelscombined, Trivago.com.au, Hotesls.com, bTrip advisor.com.au, lastminute .com.au ,.Airbnb. The business enjoys rave reviews on the various reservation/ booking sites. The business has its own software system for recording and managing reservations which is Little Hotelier.
There is off street as well as on street parking adjacent to the home, on site laundry for the linen ,towels of the business.

History
The house originally built in 1890's has been extensively restored and renovated by the current owner. The renovations were competed in 2014 and that was the year the business began. The renovations have been done in keeping with the old world theme of the home

Additional Freehold options that will complement the business prosperity
1 bed apartment - $479,000
3 bed Apartment - $680,000

Business Summary