Business ID: BS------
Fy2023 Revenue $2.679 million - PEBITA Profit $645k to owners
This outstanding business opportunity manages between 75 to 90 short-stay and long-term serviced apartments catering for people from all levels of society including tourists, corporate executives, high-profile entertainers, sports people, and weekend stays.
Located at the Docklands precinct, in one of Melbourne’s prime locations there is significant opportunity to increase the revenue and profit stream. Walking distance or a quick tram ride to the CBD, Marvel & AMMI Stadium, MCG, 30+ restaurants, entertainment/sports, and cultural venues.
- Established in 2001
- Suitable to operate under management
- Fy2023 Two working owners PEBITDA profit $645k
- Inaugural Winner, Docklands Small Business Award, 2020
- High tenancy rate
- Melbourne’s prime tourist & entertainment precinct
- Surrounded by 30+ restaurants within walking distance
- Executive luxury apartments furnished with modern appliances
- Key staff would remain with the business
- Short and Long-term key corporate, sporting & entertainment clients
- Increased revenue and profit growth opportunities
Terms of Settlement: 10% Deposit prior to the commencement of due diligence. 90% Balance due at settlement.
Do not miss the chance to be a part of one of Melbourne’s great business opportunities.
It is uniquely situated next door to the CBD and is an outstanding business opportunity. It should appeal to a working owner/s looking to own and run a small family business or investors intending to place it under ‘Under Management’.
Asking price: $1,285,000
Property Code: 3751
