Business ID: XB160726
FY 2024 Revenue $5.8+ Million - Adjusted Profit to working owners of $1 Million - Price $2,000,000
This highly profitable business opportunity manages over 50 short and long-term serviced apartments catering for Leisure Inter and intrastate guests, Executives and International Visitors. All Apartments have Co-hosting and Management rental agreements with landlord/ vendor.
The location is close to the Melbourne Exhibition Centre, CBD, and FREE City Circle tram route. Walking distance to Restaurants, Entertainment and all that Melbourne City has to offer.
The locality offers further growth in the near term with further new apartment developments (2 Apartment buildings are currently under construction). Other long-term developments will offer this business the scope to grow.
- Suited to operate under management or Partnership/Family
- Established with a superior reputation for luxury accommodation and services
- Apartments are fully furnished for the luxury sector with modern appliances
- Apartment Complex boasts some of the best water and city views
- The business enjoys a high occupancy rate, attracting overseas tourists, loyal corporate clients, and high-profile individuals
- Excellent connectivity to Melbourne's central business district, prime tourist & entertainment and shopping
- Key staff are in place for the day-to-day operation
- Strong forward bookings
This is an opportunity to secure a Serviced Apartment business in one of Melbourne's most vibrant precincts.
It is an outstanding business opportunity and would appeal to either a working owner/s looking to own and run a business or an investor intending to operate it Under Management.
Asking price: $2,000,000
Property Code: 4198
