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Digitally Led Serviced Apartment Operator For Sale

United Kingdom
Asking Price:
Available on request
Turnover:
£5,300,000
Net Profit:
Available on request

South East.
FY18 T/O of £5.3m, EBITDA of £758k.
A digitally led serviced apartment operator, portfolio of 165 apartments across 8 towns in the South East.
Clients are companies or corporate travellers seeking short- to medium-term accommodation.
Organically grown from 52 apartments to 165 over a period of 6 years.
Fully run by second-tier management with shareholders playing no part in day-to-day operations.
High rate of retention for landlords and clients and boasts a daily occupancy rate of around 75%, higher than regional average.
Operates from premises owned by the shareholders, available on a freehold or leasehold basis.
Current owners open to being retained in an advisory capacity, subject to further negotiation.
Offers Invited

Property information

Property:

Freehold

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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