Wollongong, New South Wales
Astra Apartments Territory franchise with Huge Potential - For Sale.
SOLD
Business Description
No Staff Required-Buy it cheap now before Travel gets back to normal-This will be easy to scale once travelling resumes
Astra Apartments commenced operations in 2001.Since then it has grown into a national franchise operation accommodating executives who work for many of the most respected companies from
Australia and around the world. Unlike other accommodation providers, Astra Apartments specialises in providing full-sized, furnished residential apartments for medium to long stays with average length of stay being 6 weeks (industry average for hotels and serviced apartments is 2-3 nights). A critical difference to the big 'chains' is that Astra Apartments provides modern, spacious, executive apartments, whereas apartments provided by competitors are often smaller. Also, unlike most accommodation providers, Astra Apartment's portfolio of apartments can be grown incrementally meaning lower capital outlay and growth can be funded from cash flow.
Benefits and features:
This franchise was established in 2016 in this Southern Sydney Territory
There is huge potential to grow a business and further increase the value.
Astra Apartments is a low overhead business. Operated from a home office and without the need for employees. One full-time owner should be able to manage a 30 apartment territory.
The Astra Apartments inventory model means that capacity can be flexed up or down to meet demand
The business model allows you to manage your life, unlike a shop or other business to consumer enterprises where you are tied to opening hours, you can manage most of the business activities around other commitments.
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. Many of the franchisees manage remotely and use part-time staff at the apartments.
Franchising allows you to compare your business performance with other businesses in the network. You can identify areas to improve and learn how other achieve the outcomes you want
Buyer must be approved by Astra Head Office
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 benefit from scaling up once normal travel returns. There are currently 5 apartments being managed.
Business Summary
Key Investment Insights
1. Established national franchise operation with a strong track record and reputation since 2001.
2. Specializes in providing full-sized, furnished residential apartments for medium to long stays, with an average length of stay of 6 weeks.
3. Lower capital outlay and incremental growth potential due to the portfolio of apartments.
4. Low overhead business with the potential for one full-time owner to manage a 30 apartment territory.
5. Flexibility in managing the business around other commitments, as it is not tied to traditional opening hours.
6. Cloud-based property management system allows for remote management and access from anywhere in the world.
7. Franchise model allows for benchmarking and learning from other successful businesses in the network.
8. Approval from Astra Head Office required for potential buyers.
9. Opportunity for growth and scaling up once normal travel resumes.
10. Currently managing 5 apartments with the potential for further growth.
11. Managers unit included in the sale.
12. Complex information and details available for potential buyers to review.
