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 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.