Summary
Successful mid-term accommodation business in Melbourne managing 12 stylish homes. Strong owner relationships, 70% occupancy, low hours and $110K+ annual profit. Turnkey opportunity.
Revenue
$120,333 pa
Expenses
$7,743 pa
Net Profit
$112,540 pa
Location Details
Properies managed around the Port Melbourne, South Melbourne, St Kilda and Windsor areas
Potential
The business receives consistent interest, with at least 10 new property enquiries each month, showing strong potential for growth. However, as it's currently managed by one person part time, capacity is limited leading to 95% being declined. With additional support or a more localised operational model, there’s clear opportunity to expand.
Skills
Strong communication and relationship management to maintain trust with property owners and guests
Organised and detail-oriented to manage bookings, calendars and property schedules
Problem-solving and decision-making to handle guest issues and property needs promptly
Time management to coordinate multiple properties efficiently
Basic financial and administrative skills to oversee payments, owner reports and business expenses
Familiarity with short-term rental platforms (e.g. Airbnb, Stayz) is advantageous
Hours
7 days a week, hours of opertion range depending on when geusts check in and out. Average 10 hours per week to operate.
Lease
No lease
Employees
No direct employees, oversee cleaners from cleaning company
Reason for Sale
Owner is focusing on another business venture and does not have the capacity to grow this one further.
About the Business
Business Overview
This is a well-established short to medium stay property management business servicing Melbourne’s inner suburbs. The business manages 12 fully-furnished homes and apartments on behalf of property owners, primarily catering to executive rentals, families relocating, and longer-stay holidaymakers. Guests typically stay from 2 weeks to 3 months, offering a more stable and reliable booking base than short-term holiday rentals.
Services
The business provides a full-service management model, including:
- Guest communication and vetting
- Booking management across multiple platforms (e.g. Airbnb, Stayz, VRBO, direct bookings on website)
- Cleaning, linen, maintenance, and restocking coordination
- Owner reporting, income reconciliation, and issue resolution
Clientele
Property Owners: Mostly professionals individuals who want a hands-off, reliable solution for renting out their homes while away or investing. Many are repeat clients or referrals.
Guests: Primarily professionals on work assignments, families between homes, international relocations, and long-stay tourists. These guests tend to be lower risk and more respectful of properties than short-term party-style bookings.
What Makes It Unique
- Highly personalised, boutique service with strong long-term relationships
- Strong reputation with consistently positive reviews and owner satisfaction
- Mid-length stays (2–12 weeks) attract better-quality guests and more stable revenue
- Very low vacancy rates due to consistent demand and high occupancy
- The owner turns down most new leads due to limited capacity — providing immediate upside for a buyer with more resources
Why It’s a Great Investment
- Profitable and easy to run for an organised operator
- Minimal overheads and no lease obligations
- Strong growth potential: currently receiving at least 10 new property enquiries per month
- Opportunity to expand into more central suburbs with staff or contractors
History
Founded in Melbourne 1995 and differentiated from other providers by offering high-end houses and apartments.
Personal attention to detail and guest needs, assured ongoing repeat stays. Continues to upgrade and modernise it premises to ensure a comfortable stay in some of Melbourne’s best locations close to transport, restaurants and even beaches. Offers short, medium and long-term stays in modern and comfortable 1 to 4 bedroom, fully serviced homes for the discerning corporate or leisure traveller.
Connect with us