Business ID: XB160726
FY 2024 Revenue of $5.8+ Million with Adjusted Profit of over $700,000 - Price $1,400,000
Exceptional value for an established Serviced Apartment business as Owner must exit this business due to other business commitments
Take advantage of this rare opportunity to acquire a thriving Accommodation business in prime Melbourne CBD. The business operates as Serviced Apartments with a ground floor Welcome Reception, retail lease. The business has 56 fully furnished Apartments with occupancy rates at 75% and above. There are formal agreements with the apartment owners The business is NOT an Airbnb business and does not use Airbnb.
This is a family business operated by a husband and wife, plus a team of full-time, part-time employees and casuals. The business can be restructured for a partnership operator or under Management if needed.
- Prime location with some apartments boasting the best water and city views
- Apartments are fully furnished for the luxury sector with modern appliances and furniture
- Established history with over 6 years of trading
- Superior online reputation for service and excellent with 4.8 star
- FY2024 Revenue of $5.8+ million
- ADR $384.64 | RevPAR $284.34
- Quality furnishing and furniture are included in the price
- Enjoys a high occupancy rate with significant forward bookings
- Customers include overseas tourists and high-profile individuals
- Excellent connectivity to Melbourne's central business district, prime tourist and entertainment venues and vibrant shopping
With its proven profitability, potential for growth, and prime market positioning, the business 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: $1,400,000
Property Code: 4198
