SOLD – High Quality Short to Medium-Stay Accommodation – Melbourne, VIC 

Description

Profitable Lifestyle Business – Work from Anywhere – 2022 calendar year was $1.805M

You couldn’t wish for a better business opportunity than this – One where you can enjoy a great Net Profit (currently achieving around $300,000/year since October 2022) and a proven turnover of $1.805M and net profit of $198,000 in calendar year 2022.

There are no loans, leases, or assets to worry about! The high-quality apartments and houses are managed for the owners – who take full responsibility for mortgages, utilities, and R&M costs. With excellent systems in place to make management a breeze, this business survived the 2008 GFC and Covid without any dramas – and bookings are dramatically increasing! 

Business Highlights: 

• Work from home – or wherever you want – and take holidays whenever you wish! 
• Virtually no advertising required – the accommodation sells itself! 
• Uniquely decorated corporate apartments in inner Melbourne, delivering a personalized experience 
• Multiple different kinds of corporate clients
• No leases to worry about as no property is involved  
• Cleaning, laundry & Meet & Greet is outsourced 
• Excellent Website plus listings on Airbnb, Booking.com, Stayz/VRBO, Expedia, TripAdvisor & more 
• Very good (outsourced) SEO – Page 1 Google for multiple keywords! 
• 1-2 months’ training to ensure a smooth handover 

The current owner has steadily built up this proven business over 20 years – starting with one property and now managing nearly 30. The owner works from home – or the holiday house – and can take long holidays, as the business is easily run by the staff, and by computer and phone.

Focusing on a particular target market has paid enormous dividends.

The sky’s the limit for this business, as the new owner could easily add more listings and make more marketing contacts. This business is perfect for a buyer who already owns a similar business and wants to expand their property list – or someone seeking a profitable work-from-home opportunity. 

 Price: $450,000 

 ** Note:  Not Actual Property Images **