Gunnedah, New South Wales
Serviced Apartments Near the Heart of Gunnedah - 86% Occupancy over 9 years - 1P5113M
SOLD
Business Description
Gunnedah Serviced Apartments is the largest self-contained apartment operator in Gunnedah and is now being offered as a WIWO Freehold Going Concern for the very first time.
Offering 6 fully self-contained furnished 2-bedroom residential apartments located near the heart of Gunnedah CBD, this wonderful business can be operated as a passive investment or as a remote owner-operator.
Customer profiles include corporate travellers and contractors requesting longer term stays up to two years and tourists wanting short term stays.
Investment highlights:
. Consistent Sales revenue over numerous consecutive years
. High demand for self-contained accommodation for blue and white collar workers and travellers
. Average occupancy over the past 9 years = 86%
. Average occupancy since COVID = 92%
Gunnedah is a thriving town with diverse industries. Coal mining workers contribute substantially to the ongoing income of the business together with agriculture and the two new solar farms under way.
Business Summary
Key Investment Insights
Key insights for this business for sale listing include:
1. Largest self-contained apartment operator in Gunnedah: This business holds a significant market share in the self-contained apartment industry in Gunnedah, providing a competitive advantage.
2. Well-established business: The business has been operating for 9 years and has consistently generated sales revenue, indicating a stable and well-established business.
3. Multiple revenue streams: The business caters to both corporate travellers and tourists, providing a diverse customer base and multiple revenue streams.
4. High demand for self-contained accommodation: With a high demand for self-contained accommodation for both blue and white-collar workers and travellers, this business is well-positioned to continue its success.
5. Consistent occupancy rates: The business has maintained an average occupancy rate of 86% over the past 9 years, indicating a strong demand for its services.
6. Strong performance during COVID-19: Despite the challenges posed by the pandemic, the business has maintained an average occupancy rate of 92%, showcasing its resilience and adaptability.
7. Diverse industries in Gunnedah: The town of Gunnedah has a thriving economy with diverse industries such as coal mining, agriculture, and solar farms, providing a steady stream of customers for the business.
8. Passive investment or owner-operator: The business can be operated as a passive investment or as a remote owner-operator, providing flexibility for potential buyers.
9. Prime location: The apartments are located near the heart of Gunnedah CBD, providing convenience for customers and potential for future growth.
10. Fully self-contained and furnished apartments: The apartments are fully equipped and furnished, providing a hassle-free and comfortable stay for customers.
