Sydney, New South Wales
High performing & profitable Corporate Serviced Apartments Business For Sale.
SOLD
Business Description
Under Management-Profits $460k+ Sale Price $949k
This fantastic business commenced operations in 1999.Since then it has grown into a major supplier of serviced apartments accommodating executives who work for many of the most respected companies from Australia and around the world. Unlike other accommodation providers, this company specialises in providing full-sized, furnished residential apartments for medium to long stays with average length of stay being 3 weeks (industry average for hotels and serviced apartments is 2-3 nights). A critical difference to the big 'chains' is that this business provides modern, spacious, executive apartments, whereas apartments provided by competitors are often smaller. Also, unlike most accommodation providers, it's portfolio of apartments can be grown incrementally meaning lower capital outlay and growth can be funded from cash flow.
Benefits and features:
• This is an existing and profitable business with 56 apartments located in Sydney and the north shore.
• The business also has a licensee operating 46 Apartments in Melbourne.
• Already achieving high earnings with further potential to grow a business and further increase the value.
• The Business is ripe for an ambitious entrepreneur to turn into a national/international franchise group. Ask me how. I have the strategy. This can easily be broken up into 3 franchised territories immediately.
• The business is operated by 3 F/time & 1 Casual employees . The business currently operates from offices on the lower North Shore. The current owner has very little operational involvement.
• The Business inventory model means that capacity can be flexed up or down to meet demand
• The cloud-based property management system can be accessed anywhere. You can respond to client enquiries and manage the business from anywhere in the world.
• Very High ROI over 45%. Better returns with Owner/Manager.
This is a great opportunity to acquire this excellent & flexible lifestyle business where most of the hard work has already been done. The new owner can either scale up further or continue to manage the current business and enjoy the lifestyle that goes with that.
This is the great opportunity for someone looking for an easily scalable business with huge potential.
Business Summary
Key Investment Insights
1. Established and profitable business with over 20 years of operation.
2. Specializes in providing full-sized, furnished residential apartments for medium to long stays.
3. Average length of stay is 3 weeks, compared to industry average of 2-3 nights.
4. Provides modern, spacious, executive apartments, setting it apart from competitors.
5. Portfolio of apartments can be grown incrementally, allowing for lower capital outlay and growth funded from cash flow.
6. Currently has 56 apartments in Sydney and the north shore, and a licensee operating 46 apartments in Melbourne.
7. Potential to grow and increase value of the business.
8. Opportunity to turn the business into a national/international franchise group.
9. Operated by 3 full-time and 1 casual employee, with minimal involvement from current owner.
10. Flexible inventory model allows for capacity to be adjusted to meet demand.
11. Cloud-based property management system allows for remote management from anywhere in the world.
12. High ROI of over 45%, with even better returns for an owner/manager.
13. Scalable business with potential for further growth.
14. Opportunity for new owner to continue managing the current business and enjoy a flexible lifestyle.
15. Potential for a manager's unit to be included in the sale.
16. Complex information available for interested buyers.
