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