About the Business

Business ID: XB161672

Income Av. FY23 FY24 $1,119,230 - PEBITA Profit Av. FY23 FY24 $173,267 to Owners

This profitable business opportunity manages between 16 short-term serviced apartments catering for Leisure Inter and intrastate guests, and Non-Government agency emergency accommodation. The market segments can change or continue with the purchaser, being opportunities of more leisure and corporate.

This inner-city business is pitched for further growth in the next 10-20 years. Thus, upscaling of further apartments under management and increasing revenue to the business, is a very real opportunity.

Walking distance to the Beach, Restaurants, Entertainment, and all that Melbourne has to offer. Tram routes close by. Grand Prix track also in walking distance.

- Suited to operate under management or Partnership | Family business

- PEBITDA profit Average $173,267

- Apartment Complex boasts views in bayside and entertainment precinct

- Established in 2021

- Excellent connectivity to Melbourne’s central business district and prime tourist & entertainment precinct Sport | Culture | Arts showcasing and urban experience for guests with a variety of shopping and entertainment options

- Apartments fully furnished with modern appliances

- Key staff would remain with business

- Multiple sites available for rent in prestigious intercity location close to CBD and encompassed with traditional tram routes

Terms of settlement: 10% Deposit prior to the commencement of due diligence. 90% Balance of Payment due at Settlement

This is an opportunity to be a part of one of Melbourne’s most successful tourist entertainment and Bayside 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 acquisition to an existing apartment business.

Asking price: EOI Negotiable