Own your own established Airbnb business and commercial property.
The price is what you pay, and value is what you get - three assets are offered for one price - $1,200,000
A property that is a mixed commercial and residential property.
1. Upstairs, a residential unit is rented on Airbnb and generated $58,007 in the 2023 calendar year.
2. The rental revenue was $52,652, and the cleaning fees were $5355.
3. The ground floor is under-utilised commercial space, with about 50% used to run Airbnb, and the other 50% is an office space, which is vacant and could be sublet for $350 per week.
4. The property has been independently valued at $950,000 in March 2024
5. The building was completed in 2019, leaving 35 years of depreciation.
6. The total outgoings are approx rates - $8,309 PA, Water/Sewerage - $747, Body Corporate - $1,050 AND Community Title - $522
7. It will be sold as a commercial unit, avoiding stamp duty and is sold as an active asset, so GST doesn't apply to the sale.
An Airbnb business runs under management with 30 clients, generating $336,996 in revenue for the 2023 calendar year.
1. Airbnb property management operations are being run through a company structure that includes other business operations, and we can't and will not provide standalone tax returns or financial statements. As a result, we have discounted this asset value significantly.
2. The business generated $336,996 in revenue, and the current owner contributed less than 15 hours per week. The split was $191,010 in management fees and $145,986 in cleaning fees.
3. We are selling two property management businesses in Canberra at a multiplier of 3 times revenue.
4. There are staff in place who are keen to stay on and step up if you want to expand.
5. The current owner is prepared to set up a referral stream for new clients if you are customer-centric and look after clients. This will help grow your portfolio quickly.
6. All booking and operational systems and procedures, including a direct booking application, are provided.
Business assets - these are physical/tangible assets of $160,000. This includes:
1. The office fitout worth $50,000
2. 140 linen packs worth more than $40,000
3. Vehicle with signage $15,000
4. Full laundry set up
5. Customized software and booking website
Why are they selling?
With constant referrals and growth, the owner doesn't wish to expand operations, and her work and family commitments mean she must dispose of this lucrative asset.
What is the total price?
$1,200,000. GST doesn't apply to the sale; the buyer can apportion goodwill accordingly. A handover period of at most 60 days is offered.
Inspections are done by appointment and during 90% occupancy of the upstairs unit.
Call business sales consultant Frank Walmsley at 0400446605 or email sales at capitalcommercial.com.au
