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Prime Central Serviced Apartments Company In Westminster For Sale

Westminster, London, UK
Asking Price:
£1,300,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
£1,700,000
Net Profit:
£265,000

Profitable serviced apartment business providing high-quality accommodation in premium, central London locations (Soho & Bayswater).

The company has a strong portfolio of studios and 2-bed apartments, all on long-term leases, managed by a small, autonomous, and experienced team.

£1.7m in Revenue (last 12 months).
£328K EBITDA.
Remote-based owners spend less than 2 hours per week on business.
Bootstrapped with no Debt.
Competitors: Sonder, Flying Butler, Portland Brown.

For more information, please contact us by using the form below.

Property Information

Location:

Our office is in Bayswater, within one of our 3 buildings.

Premises Details:

We have 3 buildings (2 in Soho and 1 in Bayswater). They are in prime locations, therefore our occupancy is extremely high and hard to replicate.

Business Operation

Expansion Potential:

Adding new leases (properties) to the portfolio. We have a strong operational infrastructure, with an experienced team, that can be easily scaled.

Competition / Market:

Our competitors are other companies offering short term accommodation in London. We have unique properties in hard to come by areas, which provides a moat to our business from competitors.

Reasons for selling:

Owners are looking for capital to invest in a Real Estate project offshore.

Trading hours:

Mon-Sun 9am-8pm

Employees:
5
Years established:
3

Other Information

Support & training:

The owners are willing to offer support for up to 6 months during the handover period

Furniture / Fixtures value:
£10,000 - included in the asking price
Inventory / Stock value:
£2,000 - included in the asking price
Home based:
This business can be run from home.